Sandy Becker, Manager of Financial Services/Treasurer reviewed a power point presentation overview of the draft 2018 budget. She outlined the steps in the budget process and noted that this is the presentation that will be made at the Open House. The full presentation will be available on the municipal website.
The asset management plan updates required are significant to comply with new legislation. It is expected that this work will be contracted to an outside provider.
CAO Best advised that a Service Delivery Review is necessary and he will begin the process in January 2018.
New recreation projects are not included at this time as they have not been finalized. The CAO will provide a report, including feedback provided at the public input sessions, for the November 20, 2017 Council meeting.
Committee members reviewed the draft budget page by page with various questions answered by the Treasurer and CAO. Minor amendments will be made to the power point presentation to clarify the draft 2018 budget information for the Open House presentation.
The assessment increase is 4.5%. The draft budget has been prepared, as directed, at 2% over the assessment increase.
Chair Cole called a recess at 3:09 p.m. The Committee of the Whole reconvened at 3:20 p.m.
Ms. Becker will provide a breakdown of costs, revenues and user numbers for the Exeter swimming pool, the wading pool and the splashpad for the next meeting.