Last year's 2007 RCMP surplus of $787,483 that was to be transferred into the Police Contingency Reserve was not done. Last year's Provincial Fine revenue of $495,253 that was to be transferred into the Police Contingency Reserve was not done.They were used in effect to help pay for the Middleton Way financing which was a project that was proceeded with in 2007 despite not being in the 2007 budget.
This official transfer of this money into the Police reserve as is required by Council Policy will be accomplished in the near future by a formal resolution authorizing it and the ratification of the transfer OUT of this reserve for its actual use as a source of funds for Middleton will occur with a simultaneous motion.
The $990,550 that actually remained in the Dec 31/07 Police reserve will be drawn down by $928,943 to pay for the extra manpower (4 sgts and support staff etc) in 2008 leaving a projected reserve balance of $61,607. It was acknowledged that these hires will not result in a full 12 month costs and that a good portion of this draw down will be surplus and will be returned to the reserve to build it back up towards its $1,000,000 cap.
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The infamous fringe load variance fund of $490,000 was revealed to be a parking spot (or hiding spot) for $200,000 that was being reserved for labour negotiations that have been finalized in 2008. This $200,000 has been transferred out for this expense and $290,000 is left in this reserve. A portion of this reserve was authorized by Council to be used to pay for 2 additional fire fighters in 2008 so the fire taxes would not be further increased this year.
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