It’s the last Committee of the Whole meeting of the year, and perhaps fittingly it’s about money matters. On this agenda, there are two main reports about the financial past and the financial future as we look back at the third quarter from near the end of the fourth, and then we will look ahead to the accounting of the whole fiscal 2025 and the external audit. So we’ll have all that, and the usual recognitions as the year starts to come in for a landing.
NOTE #1: Delegates will be able to appear at this meeting in-person or via tele-presense but you do have to register with the clerks office before 10 am on Friday November 28. You can also submit written delegations and correspondences for agenda items.
NOTE #2: In addition to meeting in-person, this meeting will also be live-streamed on the City of Guelph’s website here.
STAFF RECOGNITIONS:
1) General Manager of Information Technology Adam Fischer has completed the Rotman, Chief Information Officer (CIO) Canada Executive Leadership Program Certification.
2) General Manager of the City Clerk’s Office and City Clerk Dylan McMahon has been recognized by the Association of Municipal Managers, Clerks and Treasurers of Ontario (AMCTO) for Service and Personal Contribution as a Zone 2 Board Director.
3) Firefighter Brittany Kassil will be congratulated for being a part of Team Canada at the Women’s Rugby World Cup 2025.
2025 External Audit Plan – Once the fiscal year is over, and the bean counters at city hall have done all their own math, the financials from the last year are turned over to an external auditor so that an independent third party can check their math. As usual, that third party is KPMG LLP. Partner Brendan Hall will be on hand to talk about the plan, and answer any questions from committee.
2025 Third Quarter Budget Monitoring Report – As of the end of September, City staff is projecting a year-end deficit of $3.1 million or 0.54 per cent of gross operating expenditure, which is actually down from the second quarter by about 700,000. Most of that is on the non-tax side, and that’s driven by lower than expected revenue in Planning, Building, and Engineering fees, as well as Water and Wastewater rates and supplementary taxes. There’s also pressures from overtime in emergency services and transit, plus higher demand for winter response and summer camps, but there was $1.4 million in savings on fuel thanks to the cancelling of the carbon tax.
Guelph Politico 