Finance and Administration Committee
Agenda

Tuesday, June 18, 2024

6:00 P.m. - 9:00 P.m.

Tom Davies Square

Tom Davies Square

 

Councillor McIntosh, Chair

 

6:00 p.m. Open Session, Council Chamber / Electronic Participation

 

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1.

Call to Order

2.

Roll Call

3.

Declarations of Pecuniary Interest and the General Nature Thereof

4.

Presentations

4.1

2023 Annual Report

This report to follow and presentation will provide information regarding the 2023 Annual Report.

4.2

City of Greater Sudbury Long-Term Financial Plan Update 2024

This report and presentation will provide information regarding the corporation’s financial condition over the next 10 years. A model of anticipated revenues and expenditures from 2025 to 2034 indicates that the City’s financial condition should remain relatively and comparatively strong.

5.

Managers' Reports

5.1

2023 Year-End Operating Budget Variance Report

This report provides information regarding the City’s year-end financial position and requests a change in the frequency of variance reporting from quarterly to semi-annually.

5.2

Community Improvement Plan Review

This report provides recommendations regarding a review of certain incentive programs within the City’s Community Improvement Plans in response to Council direction.

5.3

Non-Union Benefits

This report provides a recommendation regarding benefit improvements in mental health supports for all eligible active non-union employees and benefit improvements in key areas of vision care, hearing aids and paramedical services for non-union retirees.

5.4

2024 Annual Repayment Limit Report

This report provides information regarding an update on the City’s 2024 annual debt repayment limit as determined by the Province.

5.5

2023 Investment Report

This report provides information regarding the investment activities for the year and certifies that all investments made in the year 2023 were in compliance with both City’s Investment Policy (Bylaw 2010-246F) and Ontario Regulations 655/05.

6.

Members' Motions

7.

Correspondence for Information Only

7.1

Development Charges – Treasurer’s Annual Statement as of December 31, 2023

This report provides information regarding Development Charges including a financial statement for development charges collected during 2023 along with reserve fund transactions and balances.

7.2

Payment-In-Lieu of Parkland (Parks Reserve Fund) – Treasurer’s Annual Financial Statement as of December 31, 2023

This report provides information regarding a 2023 financial statement of this reserve fund under the Planning Act which requires the City Treasurer to present an annual financial statement about the payment-in-lieu of parkland (Parks Reserve Fund).

7.3

Section 391 Charges as of December 31, 2023

This report provides information regarding an update on Section 391 charges collected up to December 31, 2023 to the Finance and Administration Committee.

7.4

Historical Overtime Review - Expanded

This report provides information regarding employee overtime from 2019-2023 in response to City Council resolution CC2024-03.

8.

Addendum

9.

Civic Petitions 

10.

Question Period

11.

Adjournment