File #: AR-18-084    Version: 1 Name:
Type: Agenda Reports Status: Agenda Ready
File created: 2/7/2018 In control: City Council
On agenda: 2/26/2018 Final action:
Title: Capital Projects Prioritization Criteria Presented by: Diane McMordie, Director of Financial Services
Attachments: 1. Growth Capital Charter Prioritization Criteria, 2. Category Contribution to Overall Project Score
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TAMRMS#: B06


title
Capital Projects Prioritization Criteria
Presented by: Diane McMordie, Director of Financial Services

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RECOMMENDATION(S)
recommendation

1. That the Capital Project Prioritization Matrix provided as an attachment to the February 26, 2018 agenda report entitled Capital Projects Prioritization Criteria, be approved.

2. That Administration utilize the Capital Project Prioritization Matrix in the development of funding recommendations for growth capital projects in the 2019 Business Plan and Budget Cycle.

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PURPOSE OF REPORT

To finalize the Capital Project Prioritization Criteria to be used in the development of the 2019 budget.

COUNCIL DIRECTION

On February 12, 2018 the Governance, Priorities and Finance Committee passed the following motions:

AR-18-070

1. That the Draft Capital Projects Prioritization Matrix, provided as an attachment to the February 12, 2018 agenda report entitled “Capital Projects Prioritization Criteria", be received as information.

2. That Administration incorporate the feedback received from Committee Members at the February 12, 2018 Governance, Priorities and Finance Committee meeting into a final version of the Capital Projects Prioritization Matrix to be presented to Council for consideration on February 26, 2018

BACKGROUND AND DISCUSSION

At the February 12, 2018 GPFC meeting, administration presented Committee Members with a proposed structure to evaluate growth capital projects including weighting and criteria in various categories as a method to ensure that available capital dollars are allocated to the highest prioritized projects. Committee Members provided feedback and general consensus at this meeting as to the final criteria that is to be brought back to Council.

After further consideration, Administration is making additional recommendations with regards to categories, weights & scores. This final recommended version is provided in the attachment titled “Growth Capital Charter Priori...

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