MEETING OF COUNCIL - Town of Cambridge

COUNCIL MINUTESTUESDAY 26 FEBRUARY 2013COUNCIL DECISION:(COMMITTEE AND ADMINISTRATION RECOMMENDATION)Moved by Cr Langer, seconded by Cr BradleyThat:-(i)(ii)the report on the mid year review of budget for the 2012/2013 financial year bereceived and the variances to the budget be noted;the following amendments to the budget be approved:-Senior Services - Capital Grant Funded Vehicle ReplacementAmend the annual budget for Senior Services operations by $44,500 to recognisethe capital grant received and amend the plant and equipment capital budget by$44,500 for Senior Services for the purchase of a new replacement vehicle.Capital Revenue - Land Sales - Ocean Mia Lots, 501,560 and 537Amend the annual budget for land sales - Ocean Mia Lots 501,560 and 537 by$7,606,700 to $nil and the corresponding transfer to the Endowment LandsAccountCapital Revenue - Land Sales - Ocean Mia Cityside Stage 1 releaseAmend the annual budget for land sale proceeds - Ocean Mia Stage 1 (City Side)release by $3,441,000 to $1,350,000, and the corresponding transfer to theEndowment Lands AccountWaste Management - Waste FeesAmend the annual budget for waste fee revenue by $200,000.Wembley Golf Course - Green FeesAmend the annual budgets for green fees by $240,000.Wembley Golf Course - Interest ExpenseAmend the annual budgets for interest expense for the pro shop and for the drivingrange by $240,000.Carried 9/0H:\CEO\GOV\COUNCIL MINUTES\13 MINUTES\FEBRUARY 2013\C CR.DOCX 181