Need help using the council agenda and meeting system? Please click here.

    Browser plugins and popup blockers may interfere with the operation of this website. Please disable them if you are experiencing difficulties.

File #: O18-929    Version: 1 Name:
Type: Report Status: Passed
File created: 1/10/2018 In control: Township Council
On agenda: 1/15/2018 Final action: 1/15/2018
Title: 2018 Revenue Anticipation Borrowing Bylaw Bylaw No. 5329 Report 17-134 File FIN 3900-25
Attachments: 1. I.1 fin Revenue Anticipation Borrowing Bylaw.pdf

Title

2018 Revenue Anticipation Borrowing Bylaw

Bylaw No. 5329

Report 17-134

File FIN 3900-25

Recommended Action

That Council give final reading to “2018 Revenue Anticipation Borrowing Bylaw 2017 No. 5329”.

 

Explanation - Bylaw No. 5329

 

The purpose of Bylaw 2017 No. 5329 is to provide authorization to borrow funds between January 1, 2018 and December 31, 2018.  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.