Title
2011 BUSINESS PLAN - YEAR END REPORT
1. That the 2011 year end tax rate supported deficit of $320,996 be funded by the Tax Rate Stabilization Reserve (13-04-0461).
2. That 2011 carry forward purchase orders or contract commitments with a total value of $96,539 that remained incomplete or undelivered at December 31, 2011 be funded by the Tax Rate Stabilization Reserve (13-04-0461).
3. That the 2011 wastewater rate surplus of $4,595,287 be distributed as follows:
a) $636,820 carried forward to 2012 to fund items that were committed in 2011 by purchase order or contract but remained incomplete or undelivered at December 31, 2011;
b) $2,770,927 to the Wastewater Rate Capital Reserve 12-05-0575; and
c) $1,187,540 to the Wastewater Rate Stabilization Reserve.
4. That the 2011 water rate surplus of $6,179,186 be distributed as follows:
a) $106,979 carried forward to 2012 to fund items that were committed in 2011 by purchase order or contract but remained incomplete or undelivered at December 31, 2011;
b) $4,250,545 to the Water Rate Reserve 12-05-0580; and
c) $1,821,662 to the Water Rate Stabilization Reserve.
5. That the transfer of the net assets and operations of the Allandale Community Development Corporation (ACDC) as at December 31, 2011 to the City of Barrie be approved and that:
a) The Director of Legal Services or delegate be authorized to execute any documents necessary to effect the transfer of real property to the City of Barrie in the Ontario Land Registry System; and
b) The Mayor and City Clerk be authorized to sign all other documents required for the transfer of net assets and operations. (FIN001-12) (File: F00)