Item - 2015.EX1.7
Tracking Status
- City Council adopted this item on December 11, 2014 with amendments.
- This item was considered by Executive Committee on December 5, 2014 and was adopted with amendments. It will be considered by City Council on December 11, 2014.
EX1.7 - 2015 Recommended Budget Process and Schedule
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
City Council Decision
City Council on December 11, 2014, adopted the following:
1. City Council approve the 2015 Budget Process and Schedule which is designed to develop, review and adopt the 2015 Operating and Capital Budgets by March 11, 2015 as follows:
2015 Budget Process Schedule
Activity | Operating/Capital Budget - | Capital Budget - | Operating Budget - |
Budget Submission Deadline | June 23 | May 30 | June 23 |
Director, Financial Planning Division Review with Programs | August 6 - September 4; | June 25 - July 7; | August 6 - September 4; |
CM/CFO Meeting with Programs | October 8 – November 20 | ||
CM/CFO/DCM Final Meeting | November 21 | ||
Budget Launch - Budget Committee | January 20, 2015 | ||
Budget Briefings and Service Standards Review (Budget Committee) | January 26 - 29, 2015 | ||
Public Presentations (Budget Committee) | February 2 - 3, 2015 | ||
Program Reviews (Budget Committee) | February 4 - 5, 2015 | ||
Budget Committee Wrap-up | February 13, 2015 | ||
Budget Committee Final Wrap-up | February 20, 2015 | ||
Special Executive Committee | March 2, 2015 | ||
Special City Council | March 10 - 11, 2015 | ||
2. City Council request the Deputy City Manager and Chief Financial Officer and the City Manager to report to the first regular Budget Committee meeting following consideration of the 2015 budget process on a comprehensive community consultation process for priority setting for both spending and investment for the multi-year 2016, 2017 and 2018 budgets.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-73785.pdf
Appendix 2 - 2015 Recommended Budget Process Schedule
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-73878.pdf
Motions (City Council)
That City Council request the Deputy City Manager and Chief Financial Officer and the City Manager to report to the first regular budget committee meeting following consideration of the 2015 budget process on a comprehensive community consultation process for priority setting for both spending and investment for the multi-year 2016, 2017 and 2018 budgets.
EX1.7 - 2015 Recommended Budget Process and Schedule
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council approve the 2015 Budget Process and Schedule which is designed to develop, review and adopt the 2015 Operating and Capital Budgets by March 11, 2015 as follows:
2015 Budget Process Schedule
Activity | Operating/Capital Budget - | Capital Budget - | Operating Budget - |
Budget Submission Deadline | June 23 | May 30 | June 23 |
Director, Financial Planning Division Review with Programs | August 6 - September 4; | June 25 - July 7; | August 6 - September 4; |
CM/CFO Meeting with Programs | October 8 – November 20 | ||
CM/CFO/DCM Final Meeting | November 21 | ||
Budget Launch - Budget Committee | January 20, 2015 | ||
Budget Briefings and Service Standards Review (Budget Committee) | January 26 - 29, 2015 | ||
Public Presentations (Budget Committee) | February 2 - 3, 2015 | ||
Program Reviews (Budget Committee) | February 4 - 5, 2015 | ||
Budget Committee Wrap-up | February 13, 2015 | ||
Budget Committee Final Wrap-up | February 20, 2015 | ||
Special Executive Committee | March 2, 2015 | ||
Special City Council | March 10 - 11, 2015 | ||
Origin
Summary
The purpose of this report is to present to City Council for its consideration a process and schedule to review and approve the Tax and Rate Supported 2015 Operating Budget and 2015 to 2024 Capital Budget and Plan for the City of Toronto.
In compliance with the City of Toronto Act (CoTA), the recommended 2015 Budget Process fulfills the City's requirement to “prepare and adopt a budget including estimates of all sums required during the year” for the purpose of operating the business of the City. Although the process is modified to account for an election year, the recommended 2015 Budget Process and Schedule is designed to ensure that both the Tax Levy and Rate Supported Capital and Operating Budgets are approved by March 11, 2015. Staff will be reporting back after the 2015 Budget process with a recommended multi-year planning and budgeting process for the balance of the term of Council (2016 – 2018).
Background Information
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-73785.pdf
Appendix 2 - 2015 Recommended Budget Process Schedule
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-73878.pdf
Speakers
Councillor Gord Perks
Motions
That:
1. City Council approve the 2015 Budget Process and Schedule which is designed to develop, review and adopt the 2015 Operating and Capital Budgets by March 11, 2015 as follows:
2015 Budget Process Schedule
Activity | Operating/Capital Budget - | Capital Budget - | Operating Budget - |
Budget Submission Deadline | June 23 | May 30 | June 23 |
Director, Financial Planning Division Review with Programs | August 6 - September 4; | June 25 - July 7; | August 6 - September 4; |
CM/CFO Meeting with Programs | October 8 – November 20 | ||
CM/CFO/DCM Final Meeting | November 21 | ||
Budget Launch - Budget Committee | January 20, 2015 | ||
Budget Briefings and Service Standards Review (Budget Committee) | January 26 - 29, 2015 | ||
Public Presentations (Budget Committee) | February 2 - 3, 2015 | ||
Program Reviews (Budget Committee) | February 4 - 5, 2015 | ||
Budget Committee Wrap-up | February 13, 2015 | ||
Budget Committee Final Wrap-up | February 20, 2015 | ||
Special Executive Committee | March 2, 2015 | ||
Special City Council | March 10 - 11, 2015 | ||