The City of Port Coquitiam C 0 ZA | ; .
MEMORANDUM U N C j [
TO: B. Kirk DATE: May 5, 1993MAY 1 Q 1999

City Administrator

FROM: J. Maitland, City Treasurer -
Deputy Administrator

SUBJECT: 1993 Budget Bylaws & 1992 Budget Bylaw Amendment

Attached are our 1993 budget and related bylaws as well as our 1992 budget amendment
bylaw.

Bylaw # 2781 - 1992 Budget Amendment Bylaw

This bylaw amends our 1992 budget to conform with our actual experience in 1992. The
largest budget variance relates to the removal of capital expenditures funded from reserves
from the actual column as Victoria has changed the procedure on handling of these
expenditures. These expenditures are no longer to be included in our budget.

Bylaw # 2782 - 1993 Budget Bylaw

This bylaw is the result of the earlier budget discussions with Council, the budget includes
the operating costs of the city as well as capital costs where the source cf funding is
current revenues.

Bylaw # 2783 - 1993 Rates Bylaw

The rates bylaws have been prepared on the basis of the tax increase required being spread
out as an across the board tax increase. While this was the intent, with the changes in
property assessment this year each property owner will be affected by the combination of
the change in property taxes which we levy plus (or in many cases minus) the rate of
change of the individuals tax assessment.

Bylaw # 2784 - 1993 Capital Expenditure Program Bylaw

See separate report.

Bylaw # 2785 - Sets refuse removal rate for 1993

Our fees for garbage removal will be increasing by $3 per year to a new total of $171.
Bylaw # 2792 - Reserve Funds Expenditure Bylaw

With capital expenditures from our reserves now not being included in our budget, we

have prepared a bylaw to authorize the expenditure of these funds from the various
reserves. The bylaw does allow for the return of any unexpended funds to the reserves.

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J. Maitland, City Treasurer -
Deputy Administrator

JM/ms/
Attachment