TAMRMS#: B06
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Growth Capital Charters - Subsequent Additions to the 10 Year Plan
Presented by: Diane McMordie, Director, Finance & Assessment Department
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RECOMMENDATION(S)
recommendation
That Administration update the 2020-2029 Municipal Growth Capital Plan to include the project charter provided as an attachment to the July 8, 2019 agenda report titled “New Growth Initiative Charters”.
That the revised 2020-2029 Municipal Growth Capital Plan be included in the 2020-2022 Business Plan and Budget document, to be provided to Council in the fall of 2019, along with funding recommendations guided by the Capital Prioritization Matrix.
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PURPOSE OF REPORT
To provide Council with a recommended new addition to the 2020-2029 Municipal Growth Capital Plan for PW&TRAN - New Public Works Fleet Services Garage Expansion.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.
4.2 Update Capital Plan on project prioritization, criteria, and weightings.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Service Name: Financial Planning
Definition: Stewardship of development of annual operating and capital budgets for Municipal and Utility operations.
The approved operating and capital budgets shall serve as the financial plan for the City and provide Administration with the direction and resources necessary to accomplish Council’s strategic direction and Council approved services and service levels in accordance with the Services and Service Levels Inventory
Service Component: Municipal Capital Budget Development
Service Level:
· Budget is prepared and approved by Council for a rolling ten (10) year period with the approval to execute one year of the plan.
· The annual approval of the capital budgets is complete by December 31 of each year.
· Available capital dollars are used towards the repair, maintenance and replacement of existing assets prior to cons...
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