2007/03/19 (2)
The City of Niagara Falls, Ontario
Resolution
March 19, 2007
No.7
Moved by Councillor Pietrangelo
Seconded by Councillor Diodati
WHEREAS in compliance with the Public Sector Accounting Board (pSAB) 3150 requirements,
the City of Niagara Falls is committed to the development of an asset management program for the
purpose of valuation of assets; and
WHEREAS the Governments of Canada and Ontario are partnering with eligible municipalities to
assist them with asset management and capital building through the Asset Management Program
(AMP); and
WHEREAS the City of Niagara Falls is applying for funding of the City of Niagara Falls Asset
Management and Accounting Project through the Canada - Ontario Municipal Rural Infrastructure
Fund (COMRIF); and
WHEREAS the City of Niagara Falls is committed to contributing at least V3 of the costs for the
proj ect; and
WHEREAS the City of Niagara Falls Asset Management and Accounting Project will lead to a
more efficient management of assets in the City of Niagara Falls.
THEREFORE BE IT RESOLVED that the City of Niagara Falls Asset Management and
Accounting Project will be funded and is a high priority within the City of Niagara Falls.
Carried Unanimously
AND The Seal of the Corporation be hereto affixed.
D~1!- \r?(;lSJ~
R. T.(T~D)SALCI
CITY CLERK MAYOR