City Council · May 27, 2025 · Item 6.4
$1,000,000 be transferred from the Court Contingency reserve (211) to the Courts Capital reserve fund (120) in 2025. That $2,514,340 be transferred from the Infrastructure Renewal…
Main motion under the agenda item 2024 Long-term Financial Statement: Reserves and Debt, 2025-230
Carried (12 to 0)
12 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That $1,000,000 be transferred from the Court Contingency reserve (211) to the Courts Capital reserve fund (120) in 2025. That $2,514,340 be transferred from the Infrastructure Renewal reserve fund (150) to fund the long-term loan agreement with The Elliott Community for the 29 long-term care bed expansion, as previously approved by Council, and that the repayments of the long-term loan agreement from The Elliott Community be transferred to the Infrastructure Renewal reserve fund (150). That $862,780 be transferred from the Long-term Care DC reserve fund (364) to fund the contribution to The Elliott Community for the DC recoverable portion of the 29 long-term care bed expansion and that the previous funding for this contribution be transferred back to the Tax Operating Contingency reserve (180).
How the room voted
In favour (12)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- Klassen
- Richardson
What council was given
The staff reports and correspondence attached to this item. The summaries are written automatically, so you can tell what a document is without opening a ninety-page PDF.
- 2024 Long-term Financial Statement Reserves and Debt - 2025-230.pdf
An annual accounting of the City's savings accounts and borrowing at the end of 2024, presented for information along with four requested fund transfers. Reserves and reserve funds fell $10.6 million (2.0 per cent) to $508.6 million before commitments; after commitments, $142.5 million was available, down 11.4 per cent from 2023. Tax-supported contingency reserves sat at 60 per cent of their target, down from 62 per cent.
- Attachment-1 2024 Reserve and Reserve Fund Activity.pdf
- Attachment-2 Development Charge Reserve Fund Statement.pdf
- Attachment-3 Development Charge Project Financing Statement.pdf
- Attachment-4 2024 Debt Activity.pdf
A summary is this site’s description of a document, not the City’s. Open the document before relying on one.
The motion, the vote and the debate come from the City of Guelph’s published record, reproduced rather than interpreted. The document summaries above are the exception: those words were written for this site.