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County of <br />Essex <br />Administrative Report <br />Office of the Director of Financial Services/Treasurer <br />To: Warden McNamara and Members of County Council <br />From: Sandra Zwiers, MAcc, CPA, CA <br />Director of Financial Services/Treasurer <br />Date: Wednesday, November 20, 2019 <br />Subject: 2020 Budget Overview <br />Report #: 2019-1120-FIN-R021-SZ <br />The purpose of the report is to provide Council with a corporate overview of <br />the issues affecting the operations for 2020 and their corresponding impact <br />on the County Levy and municipal tax rates. <br />The preparation of annual estimates for the upper tier is prescribed by <br />Section 289 of the Municipal Act 2001, S.O. 2001, c.25. <br />An upper -tier municipality shall in each year prepare and adopt <br />a budget including estimates of all sums required during the <br />year for the purposes of the upper -tier municipality... <br />In preparing the budget, the upper -tier municipality shall treat <br />any operating surplus of any previous year as revenue that will <br />be available during the current year; shall provide for any <br />operating deficit of any previous year... and may provide for <br />such reserves as the upper -tier municipality considers <br />necessary. <br />Sandra Zwiers, MAcc, CPA, CA, Director of Financial Services/Treasurer <br />Corporation of the County of Essex, Suite 202, 360 Fairview Ave. W., Essex, ON N8M 1Y6 <br />Phone: 519-776-6441, ext. 1312; Email: szwiers@countyofessex.ca <br />1 of 124 <br />