Annual Financial Authorities

ADMINISTRATIVE REPORT
Date: November 19, 1997
CC File No. 1612
TO:Vancouver City Council
FROM:Director of Finance
SUBJECT:Annual Financial Authorities - 1998
RECOMMENDATION
A.THAT the Director of Finance be authorized for the period of January 1 to December 31, 1998, in accordance with Section 215 and 216 of the Vancouver Charter, to draw warrants for payment and to report same in writing to the City Clerk for the information of Council within 15 days after the end of each month in which the warrant is drawn.
B.THAT the Director of Finance be authorized to temporarily use, during the period January 1 to July 15, 1998, such capital funds as are available, for other expenditures of the City, pending collections of taxes, as provided by Section 259 (b) of the Vancouver Charter.
MANAGER'S COMMENTS
The General Manager of Corporate Services RECOMMENDS approval of A and B.
COUNCIL POLICY
Council has the policy to delegate to the Director of Finance the authorities of Council under the Vancouver Charter to approve the issuance of warrants (Section 215) and the utilization of capital funds (Section 259 (b)). Details of all warrants drawn are filed with the City Clerk for the information of Council.
SUMMARY
The Director of Finance has requested certain authorities that Council is empowered to delegate under the Vancouver Charter. These are administrative in nature and in no way infringe on Council's policy-making powers.
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