Special Council Meeting - Budget · November 27, 2024 · Item 5.
Budget impacts per Ontario Regulation 284-09 and budget - Public Sector Accounting Standards Reconciliation for the 2025 budget be approved.
Main motion under the agenda item Budget Impacts per Ontario Regulation 284-09 and Budget – Public Sector Accounting Standards Reconciliation 2025 - 2024-490
Carried (13 to 0)
13 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That the budget impacts per Ontario Regulation 284-09 and budget - Public Sector Accounting Standards Reconciliation for the 2025 budget be approved.
Moved by Councillor Allt, seconded by Councillor Goller.
How the room voted
In favour (13)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- Klassen
- O'Rourke
- 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.
- Budget Impacts per Ontario Regulation 284-09 and Budget – Public Sector Accounting Standards Reconciliation 2025 - 2024-490.pdf
Required each year by provincial rules, this report reconciles Guelph's 2025 budget with the accounting standards used in the City's audited financial statements, covering things the budget leaves out such as amortization of assets and post-employment benefits. Council is asked to approve it. On that accounting basis, the 2025 budget shows an estimated surplus of $126,728,000, compared with $82,828,704 for 2024.
- Attachment-1 2025 City of Guelph Operating Budget (Unconsolidated) Public Sector Accounting Standards Reconciliation.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.