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BUDGET COMMITTEE
A G E N D A
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Monday, January 26, 1998 Ina Robinson
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Enquiry:
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Time:
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9:30 a.m.
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Interim Contact
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Location:
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Committee Room A
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392-7031
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55 John Street
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FAX 392-1879
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2nd Floor, Metro Hall
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E-mail address
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Toronto
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irobinso@city.toronto.on.ca
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DECLARATIONS OF INTEREST PURSUANT TO
THE MUNICIPAL CONFLICT OF INTEREST ACT.
COMMUNICATIONS/REPORTS.
1. BRIEFING - BUDGET COMMITTEE
Ms. Wanda Liczyk
Chief Financial Officer and Treasurer
General briefing regarding the responsibilities of the Budget Committee
2. MEMBERSHIP OF BUDGET COMMITTEE
City Clerk
(January 9, 1998)
Listing of Members appointed to the Budget Committee for a term of office expiring on May 31, 1999, and/or until their successors are appointed.
3. 1998 BUDGET PROCESS
(a) Chief Financial Officer and Treasurer
(December 18, 1997)
Respecting the proposed 1998 Operating Budget Process
(b) Chief Financial Officer and Treasurer
(December 23, 1997)
Respecting the proposed 1998 Capital Budget Process
4. 1998 INTERIM CAPITAL BUDGET
Chief Financial Officer and Treasurer
Report to follow.
5. FINANCIAL RELATIONSHIPS WITH THE TORONTO SCHOOL BOARDS
Chief Financial Officer and Treasurer
(January 15, 1998)
Recommending that:
(1) Taxes collected by the City for education purposes be paid to the Toronto School Board and Toronto Catholic School Board in quarterly instalments in accordance with the provisions of Section 257.11 of Bill 160 (an Act to reform the education system);
(2) the City lend funds to either School Board on their request at an interest rate that approximates the City’s cost to borrow similar amounts for a similar period of time;
(3) City staff continue to work with the school boards to reach a mutually satisfactory arrangement regarding City use of school facilities for consideration in the 1998 operating budget; and
(4) the appropriate City Officials be authorized and directed to take the necessary action to give effect thereto.
ANY OTHER MATTERS.
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