The Corporation of the County of Northumberland
Finance and Audit Committee
Agenda

-
Council Chambers
555 Courthouse Road, Cobourg, ON K9A 5J6

Hybrid Meeting (In-Person and Virtual)

Zoom Information

Join Zoom Meeting

https://us06web.zoom.us/j/84434966250?pwd=eYwplDhXeueMVwVPs5mUJ2SXJb4NtF.1

Meeting ID: 844 3496 6250

Passcode: 746504

Phone: 1-855-703-8985 Canada Toll-free

 


1.

  

1.a

  

If you require this information in an alternate format, please contact the Accessibility Coordinator at accessibility@northumberland.ca or 1-800-354-7050 ext. 2327.

1.b

  

This Committee meeting will be held using a hybrid meeting model. The public is invited to attend in-person in Council Chambers. Alternatively, the public may view the Committee meeting via live stream, join online, or join by phone using Zoom Conference technology. If you have any questions, please email matherm@northumberland.ca.

  • Attend in-person in Council Chambers, located at 555 Courthouse Road, Cobourg
  • Watch a livestream by visiting Northumberland.ca/Council
  • Join online using Zoom
  • Join by phone using Zoom

2.

  

2.a

  

3.

  
  • Recommended Motion:

    "That the agenda for the July 30, 2024 Finance and Audit Committee be approved."

4.

  

6.

  

7.

  
  • Recommended Motion:

    "That the Finance and Audit Committee receive the correspondence from John and Joy Cullen regarding 'Municipal Tax Burden' for information; and

    Further That the Committee recommend that County Council receive this correspondence for information."

  • Recommended Motion:

    "Whereas the assessment cycle is an essential process for maintaining the fairness and predictability of property taxes in our province; and

    Whereas the provincial government has delayed an assessment update again in 2024, and announced its intention to conduct a review of the property assessment and taxation system, that will focus on fairness, affordability, and business competitiveness, therefore further deferring new property assessments resulting in Ontario’s municipalities continuing to calculate property taxes using 2016 property values; and

    Whereas the pause in the reassessment cycle has created uncertainty and instability in property taxation, impacting both residential and commercial property owners;

    Now Therefore Be It Resolved That the Finance and Audit Committee, having considered correspondence from the Municipality of Mattawan regarding 'Promptly Resume Property Assessment Cycle', recommend that County Council support this correspondence; and

    Further That the Committee recommend that County Council direct staff to send a copy of this resolution to the Honourable Doug Ford (Premier of Ontario), the Honourable Paul Calandra (Minister of Municipal Affairs and Housing), the Honourable Peter Bethlenfalvy (Minister of Finance), the Honourable David Piccini (Minister of Labour, Immigration, Training and Skills Development and MPP for Northumberland - Peterborough South), the Association of Municipality of Ontario (AMO), the Rural Ontario Municipalities Association (ROMA), the Municipal Property Assessment Corporation (MPAC), and Northumberland County's seven member municipalities."

  • Recommended Motion:

    "That the Finance and Audit Committee receive the correspondence from the Town of Cochrane regarding 'Operational Budget Funding' for information; and

    Further That the Committee recommend that County Council receive this correspondence for information."

8.

  

Matthew Nitsch, Director Finance / Treasurer

  • Recommended Motion:

    "That the Finance and Audit Committee receive the Quarter 2, 2024 Financial Analysis for Finance and POA for information; and

    Further That the Committee recommend that County Council receive the Quarter 2, 2024 Financial Analysis for information."

Matthew Nitsch, Director Finance / Treasurer

  • Recommended Motion:

    Whereas By-law 22-2021 was adopted at the July 21, 2021 County Council meeting authorizing the submission of an application to the Ontario Infrastructure and Lands Corporation (OILC) for the issuance of debentures with a term of 25 years to finance the capital works of the Elgin Park Redevelopment (Phase 1) for an amount not to exceed $5,306,610;

    Now Therefore Be It Resolved That the Finance and Audit Committee, having considered Report 2024-090 ‘Authorization for Debenture Issuance’, recommend that County Council authorize staff to acquire debenture financing with a term of 25 years for the capital works of the Elgin Park Redevelopment (Phase 1) in the amount of $3,181,193 through the issuance of a debenture with OILC; and

    Further Be It Resolved That the Committee recommend that County Council enact a By-law authorizing the issuance of the debenture with OILC at the August 14, 2024 County Council meeting.”

Matthew Nitsch, Director Finance / Treasurer

  • Recommended Motion:

    That the Finance and Audit Committee, having considered Report 2024-091 ‘Municipal Funding Agreement – Canada Community Building Fund’, recommend that County Council direct staff to execute the agreement between the Association of Municipalities of Ontario (AMO) and the County of Northumberland (County) to make Canada Community Building Fund (CCBF) funding available to the County in accordance with the terms outlined in the agreement; and

    Further That the Committee recommend that County Council enact a By-law authorizing the Municipal Funding Agreement at the August 14, 2024 County Council meeting.”

Matthew Nitsch, Director Finance / Treasurer

  • Recommended Motion:

    That the Finance and Audit Committee receive Report 2024-092 ‘2023 Development Charges - Treasurer’s Annual Statement’ for information; and

    Further That the Committee recommend that County Council receive this report for information.”

Matthew Nitsch, Director Finance / Treasurer

  • Recommended Motion:

    That the Finance and Audit Committee, receive Report 2024-093 ‘Procurement Activity Quarterly Report – Quarter 2, 2024’ for information, noting that the Procurement By-law 21-2022 under section 4.2.2 requires the Purchasing Manager to provide a quarterly report to County Council that includes itemization of all purchases between $100,000 and $1,000,000; and include any over budget approvals up to 10% as authorized under section 6.2; and

    Further That the Committee recommend that County Council receive this report for information.”

10.

  

11.

  

N/A

14.