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TO: |
Mayor and Members of Council |
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FROM: |
Andy
Taylor, Commissioner, Corporate Services |
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PREPARED BY: |
Barb
Cribbett, Treasurer |
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DATE OF MEETING: |
2003-Nov-17 |
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SUBJECT: |
2004
Interim Spending Authority |
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RECOMMENDATION:
That Council receive the report “2004 Interim
Spending Authority”, dated November 17, 2003;
And that Council approve pre-budget operating expenditures of up
to 50% of the 2003 approved Operating Budget.
PURPOSE:
To
obtain Council approval, prior to finalization of the 2004 Operating Budget for
the Treasurer to have authority to make payments that are necessary to support
the ongoing business of the Town.
BACKGROUND:
The
2004 Interim Spending Authority is intended to allow each of the town’s
operating departments and the Markham Public Library Board to spend up to 50%
of their previous year’s approved operating budget. This approval will allow the ongoing operations of the Town to
continue at existing approved service levels. The 2003 approved Operating
Budget was $155,825,478, 50% of this represents $77,912,739. All expenditures
for goods and services will conform to all existing by-laws and policies.
FINANCIAL CONSIDERATIONS:
None
ATTACHMENTS:
None
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Barb Cribbett, Treasurer |
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Andy Taylor, Commissioner, Corporate Services |
Q:\2003FinAdminCtteeReports\0382-2004
interim spending authority.doc
