EC2024-0371

That with respect to Notice of Motion EC2024-0371, the following be adopted: NOW THEREFORE BE IT RESOLVED THAT: Council directs Administration to engage with the Ministry of Municipal Affairs to discuss their response to The City of Calgarys Municipal Funding Gap report, and request the Mayor send a letter to the Minister of Municipal Affairs seeking his perspective on ways to address the funding gap. To better understand The City of Calgarys financial position and address the funding shortfall from the Government of Alberta, Council directs Administration to utilize the 2024 April 30 Regular Meeting of Council (following the submission of audited year-end financial statements to Audit Committee and the Year End Performance Report to Executive Committee) to bring the following information: An estimated update of the annual operating and capital provincial funding gap; The amount of the ENMAX dividend for 2023, the timing of when it will be paid out, and the amount (if any) that is greater than the estimates from November 2023 that informed the 2024 approved budget; The amount collected in Local Access Fees (LAF) for 2023, and the amount (if any) that is greater than the estimates from November 2023 that informed the approved 2024 budget; and The amount of any 2023 positive operating variances by service, as well as the reasons for variances. In order to address The City of Calgarys funding shortfall from the Government of Alberta, Council directs Administration to prepare recommendations for the 2024 April 30 Regular Meeting of Council to: Commit to reductions to the 2025 base budget correlated with services that have created efficiencies in the 2023 operating budget, or redeployment of the funds achieved through efficiencies; and Direct any 2023 ENMAX dividend amount, additional 2023 LAF amounts collected, and any other 2023 positive variance not already committed in the 2024 budget to the Fiscal Stability Reserve, committing those funds to inflationary or market pressures on existing capital projects.