WITH RESPECT to Report 1-2025-Corporate Services-Finance, we recommend that the proposed 2025 Operating Budget for tax- and rate-supported operations be approved as outlined in this Report;
AND THAT the 2025 Tax-Supported Operating Budget of $385,052,500 be approved as outlined in this Report;
AND THAT the 2025 Municipal Taxes raised to support the Tax-Supported Operating Budget, including Assessment Growth, be approved at $219,063,800 as outlined in this Report;
AND THAT with respect to the Tax-Supported Operating Budget, contributions to reserves and reserve funds from operations totalling up to $10,127,900 and transfers from reserves and reserve funds totalling up to $1,204,100 be approved as outlined in this Report;
AND THAT the Waterfront District Business Improvement Area levy of $117,300 be approved;
AND THAT the Victoria Avenue Business Improvement Area levy of $60,000 be approved;
AND THAT the 2025 Solid Waste (Landfill) Operating Budget be approved at $5,076,300 gross expenditure and $921,500 net income, with a contribution to the Solid Waste – Landfill Reserve Fund to result in $0 net income;
AND THAT the 2025 Waterworks Operating Budget be approved at $29,077,600 gross expenditure and $8,154,000 net income, with a contribution to the Waterworks Reserve Fund to result in $0 net income;
AND THAT the 2025 Wastewater (Sewer) Operating Budget be approved at $24,162,400 gross expenditure and $4,925,700 net income, with a contribution to the Wastewater Reserve Fund to result in $0 net income;
AND THAT the 2025 Prince Arthur’s Landing – Boater Services Operating Budget be approved at $499,700 gross expenditure and $152,600 net income, with a contribution to the Boater Services Capital Reserve Fund to result in $0 net income;
AND THAT the 2025 Parking Operating Budget be approved at $2,891,700 gross expenditure and $562,200 net income, with a contribution to the Parking Reserve Fund to result in $0 net income;
AND THAT User Fee By-law 028-2007, as amended, be repealed and replaced with draft By-law 024-2025, as appended to this report as Attachment B;
AND THAT reconciliation adjustments for the Budget presentation in accordance with Ontario Regulation 284/09 and Public Sector Accounting Board Standards be approved as outlined in this Report;
AND THAT any necessary by-laws be presented to City Council for ratification.