Share to Facebook Share to Twitter Bookmark and Share
File #: AR-19-432    Version: 2 Name:
Type: Agenda Reports Status: Passed
File created: 10/16/2019 In control: City Council
On agenda: 12/16/2019 Final action: 12/16/2019
Title: Consideration of 2020 Municipal & Utility Budgets Presented by: Diane McMordie, Director, Finance & Assessment Department
Attachments: 1. 2020 Consolidated Budget, 2. 10 Year Municipal Growth Plan, 3. 10 Year Utility Growth Plan, 4. 2020 Business Case Summary, 5. 7.2020 Utility Rates
TAMRMS#: B06


title
Consideration of 2020 Municipal & Utility Budgets
Presented by: Diane McMordie, Director, Finance & Assessment Department


label
RECOMMENDATION(S)
recommendation
That the 2020 Consolidated Municipal and Utility Budget in the amount of $309,919,300 detailed in the attachment titled “2020 Consolidated Budget” be approved.

body
PURPOSE OF REPORT
This report presents the 2019 Municipal and Utility budgets, as recommended by the Committee of the Whole, for Council’s review and approval.


ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #1: Growth Policy Framework: Develop a robust policy framework to guide growth.

Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.


ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Financial Planning
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


ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION

On June 17, 2019 Council passed the following motions:
· PM-20-042 - That the 2020 Municipal Repair, Maintain, Replace (RMR) Capital Budget of 29 capital RMR projects be funded in the amount of $39,571,700.
· PM-20-043 - That the 2020 Utility Repair, Maintain, Replace (RMR) Capital Budget of 14 capital RMR projects be funded in the amount of $11,622,500.

On June 24, 2019, Council passed the following motion (CB-19-012):
· That effective for the 2020, 2021 and 2022 budget, the equivalent of a 1.50% property tax increase be included in the municipal tax requirement and specifically targeted to capital reserves to support the repair, maintenance and replacement of existing ca...

Click here for full text