ADMINISTRATIVE REPORT

                                                    Date:  November 3, 1995

   TO:        Vancouver City Council

   FROM:      Director of Finance

   SUBJECT:   Annual Financial Authorities - 1996



   RECOMMENDATION

        A.    THAT  the Director of Finance be authorized for the period of
              January 1 to  December 31, 1996,  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,  1996, 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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