| 2010 Operating Budget & Business Planning Guidelines |
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1. Freezing Budgets at 2009 levels
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For the 2010 Budget, all account budgets will be frozen to 2009 budget levels with the exception of established commitments and pre-defined external pressures. This action will limit the budget increase to the following items:
- Council approved employment agreements;
- Full year impact of prior year decisions;
- Council authorized recommendations;
- Supported external service contract commitments;
- Established utility & insurance increases, where justified;
- Debenture obligations; and
- Defined corporate contingency items.
Additional flexibility in preparing the Recreation budget is required due to fluctuating enrollment numbers, program selections, and community needs. The Recreation budget will be prepared in accordance with established policies and aim to maintain or improve the Recreation department’s overall net position and category thresholds.
To ensure that all financial requests are captured and assessed within the approved operating budget process, all items containing an economic impact during the annual budget process are to be submitted to the Budget Committee for review and recommendation before Council consideration.
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