Thread by @meksmith

#yyccc's finance committee very briefly discussed the latest Coun. Joe Magliocca expense report this morning. Magliocca still hasn't publicly apologized as directed last summer, but there's really nothing council or the city can do. calgaryherald.com/news/local-new…

Basically, sanctions were doled out last year already and that's the extent of #yyccc's powers. The ethics advisor told councillors that the only route to go further right now would be to make another complaint to the city integrity commissioner. calgaryherald.com/news/local-new…

Committee is now onto details of a city program to give rebates to people repairing their roof after weather damage, notably last year's hail storm. The rebate would apply to people choosing more resilient materials. calgaryherald.com/news/local-new… #yyccc

The three-year rebate program will give eligible homeowners a $3,000 rebate to upgrade to resilient roofing. The first group eligible would be people who saw damage in the 2020 hailstorms. #yyccc

The first year of the program would be funded with $2.175 million from the fiscal stability reserve. #yyccc

Coun. Sean Chu and Coun. Ward Sutherland are saying they worry this rebate program is unfair to condo owners, because condo buildings aren't eligible under this rebate program. #yyccc

VOTE on hail-resistant roof rebate program: carried 5-1. Only Coun. Sean Chu is opposed, Mayor Naheed Nenshi is recused because he has a hail-damaged home himself. #yyccc

And now a presentation on Calgary's post-pandemic economic recovery. City CFO Carla Male is up. #yyccc

A city official is outlining how COVID-19 is the second-deadliest natural disaster in Canada in the last 120 years.

So that's a thing. #yyccc

The fallout from COVID-19 has major health impacts, and it's hurt business and workers too. Unemployment in the Calgary region was at 11.7% in 2020, the highest rate in 34 years. #yyccc

Time for the year-end accountability report. This will give us a clear idea of the financial situation of city operations as of the end of 2020. #yyccc

Audit committee saw a somewhat similar financial report last week, but it included financials from wholly-owned subsidiaries, notably including Enmax, so the numbers aren't quite the same. calgaryherald.com/news/local-new… #yyccc

Financial visual details at last!
The City of Calgary has a 2020 surplus of $219.3 million. This is a result of MOST funding, which is operating budget support from the provincial and federal governments. #yyccc

Coun. Evan Woolley asks if there's a projected revenue loss for 2021, and is it expected to be the same as 2020?
CFO says that work is being done now. She says they are expecting a net COVID-related deficit of $62 million. #yyccc

There was some weirdness with how this report came to #yyccc. Should have been presented to the finance committee in March, but things got delayed, and then that led to the confusion when the audit committee saw a different, consolidated report last week.

#yyccc finance committee gives technical approval to two motions from Coun. Gian-Carlo Carra, including one asking for a pilot project this summer to allow public alcohol consumption at some designated city picnic sites. Onto full meeting of council in two weeks for debate.