Linda Ollivier, Director, Financial Services, provided an overview of the proposed amendment, noting that the total remains the same and amends the allocation of the amounts based on the capital budget motions that were passed earlier.
THAT the 2019 Operating Budget be amended to reflect the following:
· $377,935,039 for Municipal Operations (excluding Communications, Stakeholder, Indigenous and Rural Relations Department, Community Investment Program Sustaining Grants and the Land Administration Branch budgets, which were previously and separately approved);
· $60,000,000 for undrawn debt reduction;
· $19,090,702 as a transfer to the Emerging Issues Reserve; and
· $257,319,399 as a transfer to the Capital Infrastructure Reserve