Budget Implications

With these recommendations the financial condition of the Town of Shelburne will be
maintained and will not worsen over time. Financial condition indicators will need to be
monitored to assess this. The budget implications of each of the five key implementation
elements are as follows:

 

  Implementation Item Potential Savings? Incremental Costs? Incremental Costs? External or new resources required? Bottom Line
1. Move to a CAO system No Yes Yes Maybe
Additional planning and analysis is required to determine if additional staff support would be required
Modest net cost
2. Develop and implement a Town of Shelburne Sustainability Strategy Yes Yes
Only significant cost increase related to Economic Development Strategy
Yes
Recommend Council approve a withdrawal from the Town Operating Reserve and/or use other available funds to fund 50% of Economic Development Strategy
Yes
Recommend the Town apply to the province to fund 50% of Economic Development Strategy
Net Cost
3. Address issues and opportunities identified in Operational Review Yes Yes Yes No Modest cost reduction
4. Build a strong working relationship with surrounding municipalities Yes No Yes No Cost Neutral
5. Monitor Progress of Town of Shelburne Sustainability Strategy No Yes Yes No Cost Neutral