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The City of Port Coquitlam CS w 5 iy G : [ |
MEMORANDUM AUG 23 1993 ff

B. Kirk DATE: August 19, 1993
City Administrator

J. Maitland, City Treasurer -
Deputy Administrator

1994 Budget Guidelines
FIG Committee meeting August 18/93

RECOMMENDATIONS:

That the primary goal for our 1994 budget be to balance increased costs with increased
revenues resulting from growth (ie tax revenue from new developments) in the community.

That the 1994 budget be prepared based on the following guidelines:
l. that the 1994 budget consist of two parts:

Baseline Budget - The baseline budget will consist of budget proposals which
would be sufficient to maintain the operation and programs which had been
previously, in earlier budgets, authorized.

improvements - Program improvements consist of new initiatives or
substantial changes to existing programs. In addition, suggested program
improvements will be accompanied with recommendations from the FIG
Committee for Council consideration.

that the Treasurer be instructed to investigate Council’s desire to separate
regional district charges from city charges on billings to taxpayers.

that citizen participation be encouraged by providing an opportunity for public
review of the budget.

that the Capital Improvement Program be reviewed along with the 1994 operating
budget.

that Council approve the attached budget calendar for the 1994 year

BACKGROUND & COMMENTS:

Attached is a copy of the proposed budget calendar for 1994, the key to a successful
budget process is for the guidelines to be clearly established at the start of the process.
This is by far the most significant step in the process.

The proposed guidelines would result in maintaining the status quo, our budget would be
prepared on a similar process to that used in previous years although the forms used have
been revised to provide more useful information (samples of the new form are attached).

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