STAFF REPORT
January 24th 2000
To: Budget Advisory Committee
From David Wallett. General Manager
Subject: St. Lawrence Centre for the Arts, Capital Improvement Fund
Downtown
Purpose:
Withdrawal of funds to the amount of $115,500.00 plus PST during fiscal 2000 for annual technical improvements
programme
Financial Implications and Impact Statement:
"There are no financial implications resulting from the adoption of this report."
Recommendations:
It is recommended that:
(1) This report be received for information
Background:
Five years ago the City advised the Centre that expenses in this category should be removed from the Centre's operating
budget and that the Board should make withdrawals from its own Capital Improvement Fund for property and technical
improvements.
Comments:
The C.I.F. withdrawal for fiscal 2000 was approved by the Board of Management of the Centre at its Board Meeting on
January 11, 2000 and was so minuted.
Conclusions:
Contact:
David Wallett. General Manager. St. Lawrence Centre for the Arts.
Tel: 366-1656: Fax: 947-1387: Email: dwallett@stlc.com
General Manager
List of Attachments:
Minutes of Board of Management Meeting January 11, 2000
Itemized expenditure list
