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03 - February 12, 2019 County Council Minutes COUNTY COUNCIL MINUTES Tuesday, February 12, 2019 Accessible formats available upon request. The Elgin County Council met this day at the Administration Building at 12:00 p.m. with all members present. Notice was provided for a 9:00 a.m. commencement—delayed until 12:00 p.m. due to inclement weather. Warden McPhail in the Chair. ADOPTION OF MINUTES Moved by Councillor Marks Seconded by Councillor Purcell THAT the minutes of the meeting held on January 22, 2019 be adopted. - Carried. DISCLOSURE OF PECUNIARY INTEREST AND THE GENERAL NATURE THEREOF - None DELEGATIONS Delegations were cancelled and will be rescheduled. PRESENTATION Warden McPhail — Presentation of the Planning and Building Initiative Award in the Physical Infrastructure and Development Category from the Economic Developers Council of Ontario. The Warden, Duncan McPhail, shared with Council that the County's Economic Development Department was awarded the Planning and Building Initiative Award in the Physical Infrastructure and Development Category from the Economic Developers Council of Ontario. The Warden presented the award to Economic Development staff. Moved by Councillor Marlyn Seconded by Councillor Marks THAT we do now move into Committee of the Whole Council. - Carried. PRESENTATIONS 2019 Operational Budget— Director of Financial Services Jim Bundschuh, Director of Financial Services, presented the 2019 Operational budget (Charts Attached). Moved by Councillor Mennill Seconded by Councillor Jones THAT the 2019 proposed budget, which includes the operating budget and capital budget, be approved with a 0.3% reduction in the tax rate and 0.25% farm tax ratio resulting in a levy of $35.1 million. - Defeated. County Council 2 February 12, 2019 Moved by Councillor Ketchabaw Seconded by Councillor Purcell THAT the 2019 farm tax ratio be set to .23%. -Carried. Moved by Councillor Purcell Seconded by Councillor Martyn THAT the 2019 proposed budget, which includes the operating budget and capital budget, be approved with a 0.7% increase in the tax rate and 0.23% farm tax ratio resulting in a levy of $35.1 M; and, THAT the necessary by-laws be prepared. Councillor Jones requested a recorded vote. These were recorded as follows: YEAS NAYS ABSTAINED Purcell Martyn Marks (ABSENT) Jones French Mennill Giguere Ketchabaw McPhail TOTAL: 6 2 1 As a result of the Recorded Vote the motion was Carried. REPORTS Warden Activity Report—January 2019 —Warden The Warden, Duncan McPhail, provided Council with highlights of the different activities and events he attended in January 2019. Moved by Councillor Purcell Seconded by Councillor Martyn THAT the report from Warden McPhail titled "Warden Activity Report — January 2019", dated February 1, 2019, be received and filed. - Carried. Health Recruitment Partnership—Committee Update— Deputy Warden The Deputy Warden, Grant Jones, provided a report updating Council on the Health Recruitment Partnership. The Deputy Warden provided information on the shortage of Doctors in Ontario, the health recruitment process for Elgin-St. Thomas, and the actual budget for 2018 with projections for 2019. Moved by Councillor Mennill Seconded by Councillor Ketchabaw THAT the report from Deputy Warden Jones titled "Committee Update—St. Thomas Health Recruitment Partnership", dated February 1, 2019, be received and filed. - Carried. County Council 3 February 12, 2019 Amendments to Human Resources Policy 9.30 (Attendance Management System) — Human Resources Assistant The Director of Human Resources, Rob Bryce, presented a report to Council discussing the changes to Bill 47 (amending Ontario's Employment Standards Act [ESA]) on behalf of the Human Resources Assistant, Heather Rosevear. Moved by Councillor French Seconded by Councillor Ketchabaw THAT Council approve the revised Attendance Management System Policy 9.30 as attached. -Carried. Approval for Official Plan Amendment No. 15— Manager of Planning Steve Evans, Manager of Planning, provided a report to Council seeking approval for Official Plan amendment No.15, part of Lot 11, Concession 9, for the Township of Malahide. The Township of Malahide supports the amendment and had no objections upon review. Moved by Councillor Mennill Seconded by Councillor Purcell THAT the Council of the Corporation of the County of Elgin modifies and approves Official Plan Amendment No.15 to the Township of Malahide Official Plan, File No.MA-OPA15-18; and, THAT staff be directed to provide notice of this decision in accordance with the Planning Act. - Carried. Approval for Official Plan Amendment No. 23 — Manager of Planning Steve Evans, Manager of Planning, provided a report to Council seeking approval for Official Plan amendment No. 23, five-year review for the Official Plan of the Municipality of Bayham. The Municipality of Bayham supports the amendment and had no objections upon review. Moved by Councillor Ketchabaw Seconded by Councillor Purcell THAT the Council of the Corporation of the County of Elgin modifies and approves Official Plan Amendment No.23 (5-Year Review) to the Municipality of Bayham Official Plan, File No. BA- - OPA23-18; and, THAT staff be directed to provide notice of this decision in accordance with the Planning Act. - Carried. Draft Approval for a Vacant Land Condominium 34CD-CE1701 — Manager of Planning Steve Evans, Manager of Planning, provided a report to Council seeking draft approval for a vacant land condominium (part of Lot 24, Concession 6 South of the River Thames). The Municipality of Central Elgin supports the draft plan and no changes were requested upon review. Moved by Councillor Martyn Seconded by Councillor Mennill THAT the Council of the Corporation of the County of Elgin grants draft plan approval to Robin Ridge Estates Ltd. Draft Plan of Vacant Land Condominium in the Municipality of Central Elgin (Belmont) File No. 34CD-CE1701; and, THAT staff be directed to provide notice of this decision subject to the conditions for final approval in accordance with the Planning Act. - Carried. County Council 4 February 12, 2019 Protection and Enhancement of Tree Canopy and Natural Vegetation Policy— Manager of Planning Steve Evans, Manager of Planning, presented a report to Council discussing section 270 (1) of the Municipal Act, 2001, that requires the County to adopt and maintain policies with respect to "the manner in which the municipality will protect and enhance the tree canopy and natural vegetation in the municipality". As amended to include the additional provision: "The County of Elgin has undertaken the above noted initiatives that, cumulatively, protect and enhance tree canopy and natural vegetation within the County. Therefore, these initiatives effectively provide the policy that the County will follow to protect and enhance the tree canopy and natural vegetation in the municipality." Moved by Councillor Jones Seconded by Councillor Marlyn THAT the Protection and Enhancement of Tree Canopy and Natural Vegetation Policy be approved as amended and added to the Corporate Policy Manual. - Carried. 2018 Out-of-Province Travel —Director of Community and Cultural Services The Chief Administrative Officer, Julie Gonyou, presented a report to Council highlighting the different meetings and conventions that staff participated in outside of the province on behalf of Brian Masschaele, Director of Community and Cultural Services. Moved by Councillor Jones Seconded by Councillor Mennill THAT the report titled "2018 Out-of-Province Travel" from the Director of Community and Cultural Services, presented by the Chief Administrative Officer, dated February 12, 2019, be received and filed. -Carried. Council Remuneration — Director of Human Resources Rob Bryce, Director of Human Resources, presented a report which included compensation figures for neighbouring municipalities. Moved by Councillor Mennill Seconded by Councillor Jones THAT County Council defer this matter until all members of Council are present and that additional information be provided for Council's consideration at the March 12, 2019 meeting of County Council. - Carried. 2019 Employee Benefits Renewal — Director of Human Resources Rob Bryce, Director of Human Resources, presented a report to Council providing an update on the annual employee benefits renewal from the County's benefit consultants at Mosey and Mosey. The HR department is satisfied with the proposed renewals upon review. Moved by Councillor Mennill Seconded by Councillor French THAT County Council approve the negotiated renewal rate adjustments with Manulife Financial for the County of Elgin, effective March 1, 2019. - Carried. County Council 5 February 12, 2019 Engineering Services for the Port Bruce Bridge Replacement— Director of Engineering Services Brian Lima, Director of Engineering Services, provided a report to Council detailing on the Request for Proposal (RFP) for Engineering Services for the replacement of the Port Bruce, Imperial Road bridge and seeks Council's approval to award the contract. Moved by Councillor Mennill Seconded by Councillor Jones THAT the provision of engineering services associated with the Replacement of the Port Bruce Bridge Request for Proposal 2018-33 submission received from K. Smart Associates Limited Consulting Engineers and Planners in the amount of$213,486.00 (excluding HST) be awarded; and; THAT the Warden and Chief Administrative Officer be authorized to sign the supporting engineering service agreement. - Carried. Council-Staff Relations Policy— Bill 68— Chief Administrative Officer Julie Gonyou, Chief Administrative Officer, presented a report to Council discussing the requirements of Bill 68, Modernizing Ontario's Municipal Legislation Act, 2017, for Ontario municipalities to have a Council-Staff Relations Policy. Council was informed that a policy is already in place within the County's Code of Conduct and fulfills the requirement set out in Bill 68. Moved by Councillor Jones Seconded by Councillor Purcell THAT the report titled "Council-Staff Relations Policy— Bill 68" from the Chief Administrative Officer/Clerk, dated February 1, 2019, be received and filed. - Carried. CORRESPONDENCE Items for Consideration 1. Jennifer Cripton, Elgin St. Thomas EMS, Ambulances for Nicaragua 2. Rev. Canon Nick Wells Letter Requesting The Arrival of the First Settlers Painting The following recommendation was adopted in regard to Correspondence Item #1: Moved by Councillor Mennill Seconded by Councilor Purcell THAT staff be directed to draft guidelines and procedures in evaluating decommissioned EMS vehicle donation requests and report back to County Council on March 12, 2019. - Carried. The following recommendation was adopted in regard to Correspondence Item #2: Moved by Councillor French Seconded by Councilor Giguere THAT the painting titled "The arrival of the First Settlers" be transferred to the Elgin-St. Thomas Art Gallery on April 23, 2019 for the duration of approximately one week to be featured in a display for the Gallery's 50th anniversary celebration; and, County Council 6 February 12, 2019 THAT staff be directed to execute a loan agreement with Elgin-St. Thomas Art Gallery to permit this transfer. - Carried. Items for Information (Consent Agenda) 1. Delegation Request & Response from Larry Martin, Chairman, Southwestern Public Health 2. Honourable Jeff Yurek, Minister of Transportation, with a letter regarding funding for a Planning and Environmental Assessment Study to accommodate traffic in the vicinity of Wonderland Road, Highway 3/Ron McNeil Line, Talbot Line and Ford Road. 3. Michael Baker, Manager of Museum &Archives, nominated for a 2019 London Heritage Award. 4. Ontario Farmland Trust's commentary on proposed Bill 66, Restoring Ontario's Competitiveness Act, 2018. 5. Western Ontario Wardens' Caucus (WOWC) Briefing 6. PowerPoint Presentation to Minister Lisa Thompson at ROMA- Protecting our Local Interests in Elgin County Schools. Moved by Councillor Jones Seconded by Councillor Giguere THAT Correspondence Items#1 - 6 be received and filed. - Carried. OTHER BUSINESS Statements/Inquiries by Members - none Notice of Motion — none Matters of Urgency— none Closed Meeting Items - Moved by Councillor Purcell Seconded by Councillor Mennill THAT we do now proceed into closed meeting session in accordance with the Municipal Act to discuss matters under Municipal Act Section 239 (2); In-Camera Items#1 -#3 were considered by Council. Moved by Councillor Purcell Seconded by Councillor Jones THAT we do now rise and report. - Carried. In-Camera Item #1 (h) information explicitly supplied in confidence to the municipality or local board by Canada, a province, or territory, or a Crown agency of any of them; (i) a trade secret or scientific, technical, commercial, financial, or labour relations information, supplied in confidence to the municipality or local board, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a County Council 7 February 12, 2019 person, group of persons, or organization; (k) a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the municipality of local board — Provincial Offences Act (POA) Facilities—Wellington St. Moved by Councillor French Seconded by Councillor Giguere THAT staff proceed as directed. - Carried. In-Camera Item #2 (i) a trade secret or scientific, technical, commercial, financial, or labour relations information, supplied in confidence to the municipality or local board, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization; (k) a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the municipality of local board —Terrace Lodge Moved by Councillor Jones Seconded by Councillor Ketchabaw THAT staff proceed as directed. - Carried. In-Camera Item #3 (b) personal matters about an identifiable individual, including municipal or local board employees; (c) a proposed or pending acquisition or disposition of land by the municipality or local board; (f) advice that is subject to solicitor-client privilege, including communications necessary for that purpose; a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the municipality or local board — Gillettes Bridge. Moved by Councillor Mennill Seconded by Councillor Giguere THAT County Solicitor proceed as directed. - Carried. Closed Meeting Item #2 Follow up Resolutions THAT MMMC Architects be selected to provide ongoing consulting services, including but not limited to agreed upon architectural, design, and oversight services, for the redevelopment of Terrace Lodge, with an upset limit of$1,779,388,plus taxes, and estimated expenses of $55,840, less potential time savings of up to $50,141; provided that, as a condition thereto, the Corporation of the County of Elgin and MMMC Architects shall agree that any prior contract for services of any kind and nature in respect of the redevelopment or reconstruction of Terrace Lodge shall be deemed terminated on the consent of both parties thereto and, furthermore, that MMMC Architects shall fully and without exception release and forever discharge the Corporation of the County of Elgin from any and all liability as arising from or related to such contracts, including but not limited to claims to fees and expenses for services rendered and/or termination fees and expenses as provided for therein; AND THAT, subject to review by the County Solicitor as deemed necessary, the Warden and Chief Administrative Officer are hereby authorized to execute the contract for the said consulting services with MMMC Architects as referenced above; AND THAT the Warden and Chief Administrative Officer, in consultation with the Terrace Lodge Building Committee, are hereby authorized to execute any contracts associated with the Terrace Lodge redevelopment project within and as contemplated by the defined budget for the said project, as now approved; AND County Council 8 February 12, 2019 THAT any changes to the said Terrace Lodge Redevelopment Project, as now approved, be referred back to Council for consideration and potential approval and, as such, the delegation of authority to execute contracts for such Project to the Warden and Chief Administrative Officer, in consultation with the Terrace Lodge Building Committee and as referenced above, shall not apply to contracts associated with any such changes. Motion to Adopt Recommendations of the Committee of the Whole Moved by Councillor Jones Seconded by Councillor French THAT we do now adopt recommendations of the Committee Of The Whole. - Carried. BY-LAWS Moved by Councillor Ketchabaw Seconded by Councillor Purcell THAT By-law No. 19-04 "Being a By-Law to Provide for the Adoption of the 2019 Budget of the Corporation of the County of Elgin and to Establish the 2019 Tax Ratios, and to Establish the 2019 Tax Rates For The County Constituent Municipalities" be read a first, second and third time and finally passed. - Carried. Moved by Councillor Mennill Seconded by Councillor Giguere THAT By-law No. 19-05 "Being a By-law to Confirm Proceedings of the Municipal Council of the Corporation of the County of Elgin at the February 22, 2019 Meeting" be read a first, second and third time and finally passed. - Carried. ADJOURNMENT Moved by Councillor Purcell Seconded by Councillor Martyn THAT we do now adjourn at 4:12 p.m. to meet again on March 12, 2019 at the County Administration Building Council Chambers at 9:00 a.m. - Carried. - ______--0,__ t,(..L.. ),04,t, Julie Gonyob, Duncan cPhail, C ief Administrative Officer. Warden. I / Ten Year Business Plan Attachment III 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 s Muncipal Position Change Explaination 2 OMPF (0.2) (0.2) (0.2) (0.1) s` .0MI`ZO ,..iGX1li4 ,.. :< e • !.,i,°0 . e:=3 s `m.er., y` ea -; i n77.w' s R2 emoxs :i z, 4 Federal Gas Tax Funding (0.1) ' "i 7,,Ir7i(-TaV7tl.l(.J�C-Ti��UT,�lol-� ��' �,.� .,fit,.F` � Vis. �„: 't` " r a � �''---m,' �; >. � ��.-sir=PrN-,-if ��'� ".,,.'". ��-u-i3¢�..<,,.��s�„ I _ . _ ,.. - .�s a. _. �e''.;9's-:; �+`"„ 5:;sa�� �:-<, fti.�. s€r� ..�: �� `�u`,z-,. +.",�'� _ �.>.;zt .v��. 6 T/L Rebuild Funding 0.7 8 Interest 0.2 0.3) (0.6 0.1 (0.0) 0.1 0.1 0.1 0.2 0.0 i} 11411ittiti ;' efi: ° '.sti .' °. 'V :115tl°i)..., 1 °`l� ; -4 i<'. 0° m.1.. ._ 1.60,-*-M N F .YPZ ° "ci ..r. i, 40.4 M 10 Supplementals/Payment-In Li- 0.1 (0.1) 0.1 (0.1) (0.1) (0.1) (0.1 0.1) 0.1) (0.1) .<1��j0�.1.��IZ.�IIi[-,u1=aA°t .. ,e 'i� .���*r x-�-':" Y, V#�Fr .a;� ? y.. .'-�e.a»'i ,�Cy'��&-�-#s �sla,<P:,� �Y�'� Ms°moi-#"-1" ..,z Q ;#... 12 Salary&Union Inflation 0.4) (0.4) (0.4) (0.5) (0.5 0.5) 0.5 (0.5) (0.5) 0.5) f s e ,sur a - ., .r .° - ,-,):1-e,,,„:„4-, y°s - .�, u.; M r i : 0)-7-z ' x����,xr4�i,l���rtit�lc�sia� !�:�� ��i `:- ��� �� � " ���C?�l�_ _ :.. �,�:;� .�` ��)-� ,� . �� ,�... � _.��, .�Cts ._--� 14 Supplies Inflation (0.5) (0.5) (0.6) 0.6) (0.6) �(0 6) (0.6) (0 6� (I-i).6),, (0 6) k� y, rF z' �, r4 "`�c .1` S` rf'.. '' yp fl"q'. SF4 :R l .a4Y` ��II�,IXX•y�lY�:lllel�Sk�'" Yas"4`.� � '�'�'' '.�" a `��`�'`-�:. .�' !�:`.a... ..s's �Fc::�,:��>• '� .�'�,c .rr, s. � w✓�t�s'�*�i'�,� wc-Y��:s'«�'.? �''%H'�I�a£:?u�<=-2�rx ti.�.rr��� �"`�..tv.:s�s��i�a�'��'. na,��'1-_i;'� 16 CPP Increases (0.1) (0.1) (0.1) i A-1 f r.Yut,.;. .'h'�_ z�,_. , ._-.,. i. i;.=`�`- s a'�`.'- -` -�:-., v a- a',.,, i -�- .L.r' .g I IL.,_Zi.-,- .1,2.:-7-.-704, ,����„L©e1°[lr3�a#:I�iL�K�� �° ::�. a .. °,�� r ?~� :��YSz _ .Y n. � �s a�.a�� .�L� I. �� �� '�s5 �1�.,-z �,.�,�:n� 18 CIP 0.0 0.0 0.1 0.0 20 Service Increases(Staffing) (0.1) 14Mi1( M,". (fir@g 4,4_y;044,(0).:�.__ .- _.,., 4,.::: g7 .:s ,w t`G s-,:;' am_,,��.�°� `, . .„g= _..7 .:.= 7 22 Hospital Donation STEGH 0.3 -01:t'1116,-";7tEIll40 It1dg4!`c Ifi It i" t Miv Si " ., O „I .,. - a. . • .` X i, .`'..- 24 fEfficie}ncies 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 '1'r kett)Oizt' Ades sM-Cifi'^`.�'L-{i114 it aZ Z 'gMikra*::;:i:MIsia:litIrf ilil -+` : "R' vC i 4 .F1.1�z'3' R .;ESL §TAIIQ. ,7.0t; 26 Levy Increase 4.6% 1.5 5.0% 1.7 3.0% 1.1 3.0% 1.1 2.4% 0.9 3.0% 1.2 3.0% 1.2 3.0% 1.3 3.0% 1.3 3.0% 1.4 _ �'� 1�,'�`4kS"F�(C°7�4 ,))1CT��tiY=�"''r. s���r. ,� � +�zYSt-t°71€� r� -'°'., -,�.. � s rr> .rte r;�:. - 'p�` -.:‘.'::›111,--:47.�^ .,�r � �,,�;�...:�-�-- 4�r vY,2i`'� � �.� .'x a A ; ,� �x�3�.., � � �'�.�.�.: +4�L'Q,`,Z� iia'Pa,:. 28 Residential Household Increas 1.9% 2.7% 2.0% 2.0% 1.4% 2.0% 2.0% 2.0% 2.0% 2.0% _ . ., _V-i .._:" e,-.-,c - �, o 7 T aft -.rzg `h r' .,`� paps Y i��,l�dt.Iill°X�e� '�.�t��.L--r�- �.-J.9� -." 3-. � ��t`' � ,'� " ...�.� `: < a 4. -'&'0.. -.,*.--1.. „?,.� , .�`",, fi3.�.v......�x��>;r r�'�'�,.-��i����•t� ��'�- ,. <iW 30 Net Change in Muncipal Position 6.9 5.5 4.1 4.4 4.5 5.3 4.5 5.2 5.8 6.4 32 Ending Muncipal Position 214.1 219.6 223.8 228.2 232.7 238.0 242.5 247.7 253.5 259.8 33 Prior Business Plan 212.3 217.5 220.0 220.5 223.5 226.9 230.8 235.2 240.2 34 New Plan BI(W)Prior Plan $ 1.8 $ 2.1 $ 3.8 $ 7.7 $ 9.2 $ 11.1 $ 11.7 $ 12.5 $ 13.3 35 Debt $ - $ - $ 10.0 $ 9.2 $ 8.3 $ 7.3 $ 6.3 $ 5.4 $ 4.4 $ 3.4 2/06/1912:30 PM County of Elgin Attachment V Balance Sheet and Reserve Budget Balance Sheet 2019 2020 2021 2022 2023 2024-2028 Total Base/0.24/0.23 Change Ending Bal. Change Ending Bal. Change Ending Bal. Change Ending Bal. Change Ending Bal. Change Ending Bal. Balance Sheet Al) Cash&Investments (7,735,957) 20,518.853 (8.861,414) 11,657,439 921,447 12,578,886 (3,917,9781) 8,660,908 (3,700270) 4,960,638 14,165,771 19,126,409 A2) Accounts Receivable (299,060) 2,500,000 2,500.000 2,500,000 2,500,000 2,500,000 2,500,000 A3) Pre-Paids&Loans (290.633) 250,000 250,000 - 250,000 - 250,000 - 250,000 - 250,000 A4) TCA 17,772,651 190,380,942 4,333,677 194,714,619 3,218.181 197,932,800 2,511,748 200,444,548 2,323,660 202,768,209 37,097,470 239,865,679 A5) WIP (4.506.963) 6,000,000 10,000,000 16,000,000 10,000,000 26,000,000 5,000,000 31,000.000 5,000,000 36,000,000 (29,000,000) 7,000,000 A Total Assets 4,940,038 219,849,795 5,472,263 225,122,058 14,139,628 239,261,686 3,593,770 242,855,456 3,623,391 248,478,847 22,283,241 268,742,088 B1) Accounts Payable 839,427 (2,500,000) (2,500,000) (2.500,000) (2,500,000) (2,500,000) (2,500,000) B2) Payroll,Remits&WSIB Accrual 160,764 (3,000,000) (3,000,000) (3,000,000) (3,000,000) (3,000,000) (3,000,000) B3) Debt - - (10,000,000) (10,000,000) 800,000 (9,200,000) 900,000 (8,300,000) 4,900,000 (3,400,000) B Total Liabilities 1,000,191 (5,500,000) - (5,500,000) (10,000,000) (15,600,000) 800,000 (14,700,000) 900,000 (13,e00,000) 4,900,000 (8,900,000) C Municipal Position 5,940,229 214,149,795 5,472,263 219,622,056 4,139,628 223,761,686 4,393,770 226,155,456 4,523,391 232,878,847 27,163,241 259,842,088 Explanation of Municipal Position D1) In-Service Tangible Capital Assets(Net Book Value) 17,772,651 190,380.942 4,333,677 194,714,619 3,218,181 197,932,800 2,511.748 200,444,548 2,323,660 202,768,209 37,097,470 239,865,679 D2) Work-In-Progress Tangible Capital Assets (4,506,963) 6,000,000 10,000,000 16,000,000 10,000,000 26,000,000 5,000,000 31,000,000 5,000,000 36,000,000 (29,000,000) 7,000,000 D Total Tangible Capital Assets 13,265,688 196,380,942 14,333,677 210,714,619 13,218,181 223,932,800 7,511,748 231,444,548 7,323,660 238,768,209 8,097,470 246,865,679 E Reserve for Completion of IMP (5,356,084) 32,500,000 (10,000,000) 22,500,000 (10,000,000) 12,500,000 (5,000,000) 7,500,000 (5,000,000) 2,500,000 2,500,000 F Anticipated Tangible Capital Assets 7,909,604 228,880,942 4,333,677 233,214,619 3,218,181 236,432,800 2,511,746 238,944,548 2,323,660 241,268,209 8,097,470 249,365,679 H TOTAL CAPITAL FUNDS 1,350,000 (26,386,501) (82,316) (26,468,817) - (26,468,817) 2,900,000 (23,588,817) 2,900,000 (20,666,817) 14,500,000 (6.168,817) I TOTAL CAPITAL RESERVES (1,018,501) 477.072 722,928 1,200,000 1,000,000 2,200,000 1,000,000 3,200,000 (200.000) 3,000,000 1,000,000 4,000,000 J Net Capital Portion 8,241,104 202,971,513 4,974,289 207,945,802 4,218,181 212,163,983 6,411,748 218,575,731 5,023,661 223,599,392 23,697,470 247,196,862 K TOTAL OPERATING RESERVES (2,300,875) 11,178,283 497,974 11,676,257 (78,553) 11.597.703 (2,017,978) 9.579,726 (500,270) 9.079,455 3,565,771 12,645,226 L Municipal Position 5,940,229 214,149,796 6,472,263 219,622,058 4,139,628 223,761,686 4,393,770 228,155,456 4,523,391 232,678,847 27,163,241 259,842,088 Capital Funds H1) Capital Fund Garage - 82,316 (82,316) - - - - - - - H2) Capital Fund Terrace Lodge 1,350,000 (26,468.817) (26,468,817) (26,468.817) 2,900,000 (23,568,817) 2,900,000 (20,668,817) 14,500,000 (6,168,817) H Capital Funds 1,350,000 (26,366,601) (82,316) (26,468,817) - (26,468,817) 2,900,000 (23,568,817) 2,900,000 (20,666,817) 14,500,000 (6,166,817) Capital Reserves 11) Reserves Capital Projects (2,218.501) (722,928) 722,928 - 1.000,000 1,000,000 1,000,000 2,000,000 1,000,000 3,000,000 1,000,000 4,000,000 12) Reserves Terrace Lodge Renovations 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 (1,200,000) - - 13) Reserves Rural Capital - - _ _ - - I Capital Reserves (1,018,601) 477,072 722,928 1,200,000 1,000,000 2,200,000 1,000,000 3,200,000 (200,000) 3,000,000 1,000,000 4,000,000 Operating Reserves K1) Reserves Donations Elgin (9.500) 144,716 144.716 144,716 144,716 144,716 144,716 K2) Reserves Donations Terrace (1.500) 152,078 152.078 152,078 152,078 152,078 152,078 K3) Reserves Donations Bobler (2.500) 73,785 73.785 73,785 73,785 73,785 73,785 K4) Reserves Donations Alma College Alumnae 50D 57,084 57,084 57,084 57,084 57,084 57,084 K5) Reserves Museum 500 29,446 29,446 29,446 29,446 29,446 29,448 K6) Reserves Archives 500 1.493 1,493 1,493 1.493 1,493 1.493 K7) Reserves Donations Library 3,461 116,334 116,334 116,334 116,334 116.334 116,334 KB) Reserves MITI Rate Stabilization (2,278,335) 10,510,930 502,974 11,013,904 (73,553) 10,940,350 (2,012,978) 8,927,373 (495,270) 8,432.103 3.575.109 12,007,212 K9) Reserves Strategic Planning - 21,923 21,923 21,923 21,923 21,923 21.923 K10) Reserves Tree Replanting - 6,379 6,379 6,379 6,379 6,379 6,379 K11) Reserves Performance Excellenc - 10,873 10,873 10,873 10,873 10,873 10,873 K12) Reserves Orthodonitics (2,000) 11,665 11,665 11,665 11,665 11,665 11,665 K13) Reserves Staff Training (10,000) 29,338 (5,00D) 24,338 (5,000) 19,338 (5,000) 14,338 (5,000) 9,338 (9,338) - K14) Reserves Woodlot (2,000) 6,723 6.723 6,723 6,723 6.723 6,723 K15) Reserves Police Services - 5,516 5,516 5,518 5,516 5,516 5.516 K Operating Reserves (2,300,875) 11,178,283 497,974 11,678,257 (76,553) 11,597,703 (2,017,978) 9,579,726 (500,270) 9,079,455 3,586,771 12,645,226