Budget Committee

That the deputation and associated presentation from Marisa Chiu, Chief Financial Officer and Treasurer regarding 2026 Budget Direction and 2024-2025 Update, be received. Received 8. PUBLIC QUESTION PERIOD - 15 Minute Limit - Nil 9. CONSENT AGENDA RECOMMENDATION BC-0002-2025 Moved By Councillor M. Reid That the following items were approved under the Consent Agenda: 10.1 - 2024 Treasurer’s Annual Report on Investment 10.2 - Operating Budget Financial Report as at December 31, 2024 YES (10) Councillor S. Dasko, Councillor C. Fonseca, Councillor J. Kovac, Mayor C. Parrish, Councillor D. Damerla, Councillor A. Tedjo, Councillor J. Horneck, Councillor M. Reid, Councillor B. Butt, and Councillor Natalie Hart ABSENT (2) Councillor M. Mahoney, and Councillor S. McFadden

That in compliance with Provincial legislation governing municipal investment practices, the “2024 Treasurer’s Annual Report on Investment” dated February 19, 2025 from the City Manager and Chief Administrative Officer, be received for information. YES (10) Councillor S. Dasko, Councillor C. Fonseca, Councillor J. Kovac, Mayor C. Parrish, Councillor D. Damerla, Councillor A. Tedjo, Councillor J. Horneck, Councillor M. Reid, Councillor B. Butt, and Councillor Natalie Hart ABSENT (2) Councillor M. Mahoney, and Councillor S. McFadden

That $2,700,000.00 of the year-end operating program surplus be transferred to the Elections Reserve (#30135); That $404,456.52 of the year-end operating program surplus be transferred to the Fiscal Stability Reserve (#30125); That funding for the $1.7 million 2024 year-end Stormwater operating program deficit be transferred from the Stormwater Capital Reserve Fund (#35992); and That the 2024 Annual Financial Statement for Building Permit Fees, as attached in Appendix 2, be received for information as required by the Building Code Act,1992 YES (10) Councillor S. Dasko, Councillor C. Fonseca, Councillor J. Kovac, Mayor C. Parrish, Councillor D. Damerla, Councillor A. Tedjo, Councillor J. Horneck, Councillor M. Reid, Councillor B. Butt, and Councillor Natalie Hart ABSENT (2) Councillor M. Mahoney, and Councillor S. McFadden

That the following items were approved under the Consent Agenda:  10.1 - 2024 Treasurer’s Annual Report on Investment  10.2 - Operating Budget Financial Report as at December 31, 2024 YES (10): Councillor B. Butt, Councillor S. Dasko, Mayor C. Parrish, Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, Councillor Natalie Hart, Councillor J. Horneck, Councillor D. Damerla, and Councillor M. Reid ABSENT (2): Councillor M. Mahoney, and Councillor S. McFadden

Budget Committee 2025 03 26 4 That in compliance with Provincial legislation governing municipal investment practices, the “2024 Treasurer’s Annual Report on Investment” dated February 19, 2025 from the City Manager and Chief Administrative Officer, be received for information. YES (10): Councillor B. Butt, Councillor S. Dasko, Mayor C. Parrish, Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, Councillor Natalie Hart, Councillor J. Horneck, Councillor D. Damerla, and Councillor M. Reid ABSENT (2): Councillor M. Mahoney, and Councillor S. McFadden

1. That $2,700,000.00 of the year-end operating program surplus be transferred to the Elections Reserve (#30135); 2. That $404,456.52 of the year-end operating program surplus be transferred to the Fiscal Stability Reserve (#30125); 3. That funding for the $1.7 million 2024 year-end Stormwater operating program deficit be transferred from the Stormwater Capital Reserve Fund (#35992); and 4. That the 2024 Annual Financial Statement for Building Permit Fees, as attached in Appendix 2, be received for information as required by the Building Code Act,1992 YES (10): Councillor B. Butt, Councillor S. Dasko, Mayor C. Parrish, Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, Councillor Natalie Hart, Councillor J. Horneck, Councillor D. Damerla, and Councillor M. Reid ABSENT (2): Councillor M. Mahoney, and Councillor S. McFadden