Coldstream Council Remuneration adjustment on the Table on Monday

District of Coldstream Committee of the Whole Meeting Agenda for June 18, 2018
Municipal Hall, 9901 Kalamalka Road, Coldstream, BC 6:00 PM
3.b. Mayor/Council Remuneration 2019 Adjustment

 Report from the Director of Financial Administration dated June 5, 2018
Council Remuneration Adjustment

Recommendation

THAT the Committee of the Whole recommends to Council, that staff be directed to amend the Council Remuneration Bylaw by increasing the Mayor's remuneration to $31,200 effective January 1, 2019;
AND THAT the Committee of the Whole recommends to Council that staff be directed to amend the Council Remuneration Bylaw by increasing Council remuneration to $13,740 effective January 1, 2019.
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The elimination of the Municipal Officers' Allowance in 2019 will decrease the net pay received by the Mayor and Councillors, as tax and source deductions will be applied to their full remuneration.
Increasing the annual remuneration levels starting in 2019 for the Mayor and Councillors (approx. $1,200 annually for the Mayor; $240 annually for each Councillor that contributes to CPP), would compensate for the income tax effect of the elimination of the one-third non-accountable Municipal Officers' Allowance. The increase would result in approximately the same net pay all members of Council would have received if the allowance was still applicable. The increase was calculated using 2018 Canada Pension Plan and income tax rates and takes into consideration District income only. The increase does not consider other sources of income that Mayor and Council may receive, which may change the level of taxes payable.

Current Council direction is to amend the Council Remuneration Bylaw to increase the Mayor
compensation to $30,000 and the Councillor remuneration to $13,500, both effective January 1, 2019. These amendments were determined after the compensation review completed in 2016. Should Council wish to adjust the compensation for Council members to account for the nonaccountable allowance being eliminated, then the Mayor remuneration would be set at $31,200  and the Councillor remuneration $13,740 both effective January 1, 2019.
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https://coldstream.civicweb.net/document/1963/1640%20Council%20Remuneration.pdf?handle=3710208BC41C4DA395D4172A2E89BB57