VAT ae
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MEMORANDUM

WY 2~ 977

TO: Mayor and Council April 28th, 1977

FROM: L.D. Pollock
City Administrator

The following four By~laws deal with the 1976 Amended Budget and the
Annual Budget for the year 1977. They are as follows:

By-law No. 1537: This is merely a housekeeping By-law to amend the

1976 Budget to bring it in line with actual experience.
You will note only minor differences over the original
1976 Budget figures.

By-law No. 1538: The Budget of Revenue and Expenditure for the year 1977.
You will note that a new Schedule has been added to
accommodate a separate Budget for the Sewer Utility.
This is in accordance with new instructions received

from Victoria.

By-law No. 1539: The Tax Rate By~law for 1977 to support the Budget of
Revenue and Expenditure. The total Mill Rate with
Schools, Regional District levies, and our General
and Debt Mill Rates, total 115.325 Mills for 1977 as
opposed to 108.817 in 1976. This is an increase of
5.98%. In addition to this increase, there is an
increase in the Garbage User Charge therefore the
total overall increase to the taxpayer is just over

64.

By-law No. 1540: The Capital Budget By-law.

All of these By-laws are available for first three readings.

L.D. Pollock
LDP/w

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