TAMRMS#: B09
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Approval of 10 Year Utility RMR
Presented by: Anne Victoor, Financial Services Manager, Finance & Assessment Department
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RECOMMENDATION(S)
recommendation
1. That the 10 Year Utility RMR (Repair, Maintain, Replace) Capital plan provided as an attachment to the June 17, 2019 agenda report titled “Approval of 10 Year Utility RMR Capital Plan” be approved.
2. That the following postponed motion be approved:
PM-20-043
“That the 2020 Utility Municipal Capital Budget of 14 capital RMR (Repair, Maintain, Replace) projects be funded in the amount of $11,622,500.”
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PURPOSE OF REPORT
This report presents 10 Year Utility RMR (Repair, Maintain, Replace) plan as originally presented to Governance, Priorities and Finance Committee (GPFC) on May 13, 2019 for Council consideration of the 2020 Utility RMR Capital Plan.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
N/A
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Financial Planning
Stewardship of development of annual operating and capital budgets for Municipal and Utility operations.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On May 13, 2019 Governance, Priorities, and Finance Committee passed the following motions:
(AR-19-221)
That the Governance, Priorities and Finance Committee recommend to Council that:
1. That Committee members submit any motions for proposed amendments to the 10 Year Utility RMR Capital Plan to Administration by May 21, 2019.
2. That Administration prepare backgrounders for proposed changes to the 10 Year Utility RMR Capital Plan and present to Council at the June 17, 2019 meeting for consideration of approval.
Council Policy C-FS-05 Budget and Taxation Guiding Principles:
Service Standards/Expectations:
Section 3 - Municipal and Utility capital budgets shall be prepared and approved by Council for a rolling ten (10) year period and Administration shall be given approval to execute on year one (1) of the plan.
Section 5-The appro...
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