View - The Municipality of Lambton Shores

THE MUNICIPALITY OF LAMBTON SHORES
TR Report No. 31-2013 Wednesday, February 27, 2013
TO:
FROM:
RE:
Mayor Weber and Members of Council
Janet Ferguson, Treasurer
2012 Capital Allocations
RECOMMENDATION:
That Council approves the reserve fund allocations for the
2012 year end as outlined in the Treasurer’s report TR-31-
2013.
REPORT
Staff are preparing the final entries for the 2012 fiscal year and require confirmation for
transactions that were reallocated in the 2012 Capital Budget or savings used to offset
over expenditures as well as outside of the approved 2012 Capital Budget.
A capital summary has been presented to Council on a monthly basis to show the
progress of the projects and if there were concerns on specific issues separate reports
were provided. An updated capital summary has been prepared for your review and
approval. Notes have been provided for the items that require the additional
consideration. The Reserve Fund balances have been updated and reflected in the
2013 budget.
A council resolution to support the redirection and additional allocation of funds is
required for audit purposes. We are still waiting for some final information that will
impact the 2012 operational financial status; however, at this time staff does not foresee
any concerns. Audited statements are typically presented in April to meet the reporting
deadline of May 31 st for the Financial Information Return.
Respectfully submitted,
Janet Ferguson,
Treasurer
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