Providing A Framework For The Future
Council's response to Preliminary Discussion paper issues will determine whether Strata addresses identified issues immediately, at a future date, or leaves them for inclusion as part of a larger capital project.
Additionally, Council determines an appropriate funding source for work as determined. These sources may include operating funds, contingency (capital) reserve funds, levy funds, or loan instruments.
Depending on approved expenditure levels pertaining to existing budgets these decisions may require ratification at a subsequent duly constituted Annual or Special General Meeting.
These decisions form the basis for recommended future operating and CRF funding and expenditure plans.