Agenda
Committee of the Whole - Week 2

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Electronic Meeting
Quorum: 11

​(Subject to the Committee granting deputant status.)

Sergei Petrov, Executive Director, York Region Arts Council

John MacKenzie, Chief Executive Officer, Toronto and Region Conservation Authority

(See Item E.3)

Rob Baldwin, Chief Executive Officer, Lake Simcoe and Region Conservation Authority

(See Item E.3)

Report dated November 17, 2021 from the Acting Commissioner of Finance and Regional Treasurer recommending that:

  1. Committee of the Whole recommends the budget to Council as submitted for Conservation Authorities as follows:
    1. The 2022 operating budget as summarized in Attachment 1.
  2. The recommended budget be consolidated by the Commissioner of Finance and Regional Treasurer for consideration by Council on December 16, 2021.

Mayor Maurizio Bevilacqua, Chair, The Regional Municipality of York Police Services Board, Jim MacSween, Chief, York Regional Police and Jeffrey Channell, Manager Financial Services, York Regional Police

(See Item F.3)

Mafalda Avellino, Executive Director, The Regional Municipality of York Police Services Board dated October 28, 2021

Recommendation: Receive

Report dated November 17, 2021 from the Acting Commissioner of Finance and Regional Treasurer recommending that:

  1. Committee of the Whole recommends the budget to Council as submitted for York Regional Police as follows:
    1. The 2022 operating budget as summarized in Attachment 1.
    2. The 2022 capital expenditures and the 2022 Capital Spending Authority, as summarized in Attachment 2.
  2. The recommended budget be consolidated by the Commissioner of Finance and Regional Treasurer for consideration by Council on December 16, 2021.

Laura Bradley, General Manager, YorkNet

(See Item G.2)

Report dated November 17, 2021 from the Acting Commissioner of Finance and Regional Treasurer recommending that:

  1. Committee of the Whole recommends to Council the budget as submitted for YorkNet as follows:
    1. The 2022 operating budget as summarized in Attachment 1.
    2. The 2022 capital expenditures and the 2022 Capital Spending Authority, as summarized in Attachment 2.
  2. The recommended budget be consolidated by the Commissioner of Finance and Regional Treasurer for consideration by Council on December 16, 2021.

Report dated November 17, 2021 from the Acting Commissioner of Finance and Regional Treasurer recommending that:

  1. Committee of the Whole recommends to Council the budget as submitted for Corporate Management and Governance, Financial Initiatives, External Partners, Court Services and Yonge North Subway Extension as follows:
    1. The 2022 operating budget as summarized in Attachment 1.
    2. The 2022 capital expenditures and the 2022 Capital Spending Authority, as summarized in Attachment 2.
  2. The recommended budget be consolidated by the Commissioner of Finance and Regional Treasurer for consideration by Council on December 16, 2021.
OTHER ITEMS

Chair – Mayor Bevilacqua
Vice Chair – Mayor Lovatt

Memorandum from Bruce Macgregor, Chief Administrative Officer dated November 24, 2021

Recommendation: Receive

Report dated November 17, 2021 from the Acting Commissioner of Finance and Regional Treasurer recommending that:

  1. Council adopt the updated fiscal strategy outlined in this report
  2. Council affirm the 2022 Long-Term Debt Management Plan, shown as Attachment 1
  3. Council approve the amendment of the Capital Financing and Debt Policy to limit the access to the growth-related cost supplement to the Annual Repayment Limit only to the Yonge North Subway Extension (YNSE), as shown in Attachment 2
  4. Council approve the reinstatement of the Surplus Management Policy that was temporarily suspended last year due to COVID-19
  5. Council approve an amendment to the Rapid Transit Reserve Fund to include contributions from the Rapid Transit Infrastructure Levy as a funding source
  6. Council approve the renaming of the Federal Gas Tax Reserve Fund to Canada Community-Building Fund Reserve Fund to align with the federal renaming of this program, as shown in Attachments 2
  7. Council authorize the transfers of funds between the following reserves:
    1. $31.5 million from the Debt Reduction Reserve to the Rapid Transit Reserve Fund
    2. Up to $508,724 of contributions that will be made by YorkNet to the Region’s General Capital Reserve in 2022, to YorkNet’s Capital Asset Replacement Reserve
    3. Up to $113,105 of contributions that will be made by YorkNet to the Region’s Tax Stabilization Reserve in 2022, to YorkNet’s Stabilization Reserve
  8. Council approve a technical amendment to Appendix 3 of the Investment Policy to designate the short-term interest earning rate for the Pandemic Management Reserve Fund, as shown in Attachment 2
  9. Council authorize the Regional Solicitor to prepare and amend the necessary bylaws