Draft 2018-2022 Financial Plan --S. Thompson, Director of Finance Late Item: Letter & Presentation from the GVPL Tuesday November 7, 2017 (8 am – noon) Greater Victoria Public Library • Operating Budget pages 897-902 Legal • Operating Budget pages 597-606 Arts, Culture and Events • Operating Budget pages 91-122 • Capital Budget pages 986, 1053 Economic Development • Operating Budget pages 123-132 Victoria Conference Centre • Operating Budget pages 195-246 • Capital Budget page 1067 Sustainable Planning and Community Development • Operating Budget pages 747-774 • Capital Budget page 985 Corporate • Operating Budget pages 835-896 Recommendation:1. Direct staff to bring forward the Five-year Financial Plan Bylaw, 2018 to the November 9 Council meeting for consideration of first reading prior to commencing public consultation 2. Direct staff to bring forward bylaws outlining solid waste, stormwater and water utility user fee increases to the November 9 Council meeting for consideration of first, second and third readings 3. Approve the following allocations of assessment growth (non-market change) property tax revenue: a. $500,000 to the Buildings and Infrastructure Reserve as per the Financial Sustainability Policy b. $87,000 to maintain the correspondence coordinator position (as directed by Council during 2017 financial planning process) c. Direct staff to bring forward options for the use of the remainder upon completion of public consultation 4. Direct staff to bring forward options for the use of 2017 surplus upon completion of public consultation 5. Direct staff to bring forward options for funding supplementary budget requests upon completion of public consultation 6. Allocate $2,450,000 of the annual gas tax funding to the Storm Drain Brick Main project and direct staff to bring forward options for the allocation of the remainder upon completion of public consultation 7. Create a direct-award grant for seniors outreach funded by a reallocation of $30,000 from the Strategic Plan Grant program 8. Approve the direct-award grants as outlined in this report9. Direct staff to bring forward options for funding increased grant requests upon completion of public consultation 10. Approve adding 1.0 FTE carpenter currently managed through auxiliary staffing and funded through existing budgets. Link to the Draft 2018 - 2022 Financial Plan 1_Report_Financial Plan 2_Appendix A_Examples of Cooperative Efforts between Municipalities 3_Appendix B _Supplemental Budget Requests 4_Appendix C_Grant Funding 5_Appendix D_South Island Prosperity Project - Five year Strategy 7_LATE_Letter from the GVPL 8_Presentation_Financial Plan Departmental Presentations 9_LATE_Presentation_GVPL |