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File #:
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O21-4068
Version:
1
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Name:
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Type:
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Report
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Status:
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Passed
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On agenda:
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1/11/2021
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Final action:
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1/11/2021
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Title:
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2021 Revenue Anticipation Borrowing Bylaw
Bylaw No. 5683
Report 20-166
File FIN 3900-25
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Title
2021 Revenue Anticipation Borrowing Bylaw
Bylaw No. 5683
Report 20-166
File FIN 3900-25
Recommended Action
That Council give final reading to “2021 Revenue Anticipation Borrowing Bylaw 2020 No. 5683”.
Explanation - Bylaw No. 5683
The purpose of Bylaw 2020 No. 5683 is to provide authorization to borrow funds between January 1, 2021 and December 31, 2021. As the Municipality does not receive property taxation revenue until tax collection time (May to late June), it may be necessary to borrow funds to meet the lawful expenditures of the Township and to pay amounts required to meet the Township’s taxing obligations in relation to other public bodies.
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