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County of Essex <br />Office of the Director of Corporate Services f Treasurer <br />Administrative Report <br />To: Warden Bain and Members of County Council <br />From: Robert J. Maisonviile <br />Director of Corporate Services 1 Treasurer <br />Subject: County of Essex <br />2012 Budget Report <br />Date: February 15, 2012 <br />Report: 2012 -R06 -FIN- 0215 -RM <br />Purpose <br />To present the County of Essex Budget Report for the year 2012. <br />Legislation <br />The preparation of annual estimates is prescribed by Section 289 of the Municipal Act 2001: <br />An upper -tier municipality shall in each year prepare and <br />adopt a budget including estimates of all sums required <br />during the year for the purposes of the upper -tier <br />municipality... <br />In preparing the budget, the upper -tier municipality, shall <br />treat any operating surplus of any previous year as revenue <br />that will be available during the current year, shall provide for <br />any operating deficit of any previous year ... and may provide <br />for such reserves as the upper-tier municipality considers <br />necessary. <br />2012 Budget Process <br />The annual budget process commences each year in October with Administration meeting <br />periodically to discuss a variety of budget planning issues, including: <br />development of critical budgeting assumptions. <br />➢ review of departmental work plans. <br />➢ establish a timetable for budget presentation. <br />➢ improvements to the form and content. <br />