Tag Archives: capital

City Council Budget Planning Session Jan 28, 2019

Last Monday afternoon there was a Budget Planning session in city council chambers.

They faced a list of projects and expenditures that our town faces. If we had unlimited funds we’d do everything that needed to be done – but we don’t. We have limited funds and consequently we have to figure out which things are important enough to get funded and which can’t. By we I mean the city council and city staff.
Staff assembles a list of the projects that need doing. Each one is ‘scored’ in 3 areas of measurement. This system helps when prioritization is being done.
Staff has presented Council with a list of a few dozen projects. Some are new and others are carried forward from the previous year.
They are asking each member of Council to pick the 7 projects from these that they would really like to see completed in the coming year. So Staff should get 7 lists of 7 choices. This method gives staff a reading on Council’s desires and Staff can then advise council on how priorities have worked out so that Council can then pass a Budget.
This method has already been used here last year but some on council who had previous experience on council found the scheme new to them. You can see this explained in the link below on Decision Making.

WATCHING
You have options on how to watch the recording of the meeting:
– to see in its entirety begin watching in the window below
– or jump directly to a place in the meeting from the links in the list – a new tab/window will open the video at the desired spot in YouTube. To jump around in that video you can use the selections in the text box below the video. Just click on the ‘Show more’ link to expand it and see the list.

Mobilizing Local Investment Capital in Christina Lake

CLVCC_Logo1Christina Lake is Venturing into putting local Capital to work locally. In doing this they’re following a similar path to Co-ops in Alberta and CEDIFs in Nova Scotia.

On May 12 they held a conference for Mobilizing Local Investment Capital. It was a day of information and they brought in speakers from groups that have gone down this path with some success in other jurisdictions. In Alberta they’re trying to revive the idea of Co-Ops. In Nova Scotia they are using Community Economic Development Investment Funds.

The Southern Interior Beetle Action Coalition (SIBAC) participated in this as well. They helped facilitate the conference here and elsewhere.

The proceedings were recorded and you can watch them below.