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File #: AR-20-200    Version: 1 Name:
Type: Agenda Reports Status: Passed
File created: 5/22/2020 In control: City Council
On agenda: 6/9/2020 Final action: 6/9/2020
Title: 10 Year Utility RMR Capital Plan Presented by: Diane McMordie, Director, Finance and Assessment
Attachments: 1. 10 Year Utility Capital Plan, 2. 2021 Utility RMR Capital Budget Variance, 3. 2021 Utility RMR Capital Charters
TAMRMS#: B06

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10 Year Utility RMR Capital Plan
Presented by: Diane McMordie, Director, Finance and Assessment

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RECOMMENDATION(S)
recommendation
That Community Growth & Infrastructure Standing Committee recommend to Council that

1. The 10 Year Utility RMR Capital plan provided as an attachment to the June 9, 2020 agenda report titled “10 Year Utility RMR Capital Plan” be received as information.
2. That Council members submit any motions for proposed amendments to the 10 Year Utility RMR plan to Administration by June 17, 2020.
3. That Administration prepare backgrounders for proposed changes to the 10 Year Utility RMR Plan and present to Council at the July 6, 2020 meeting for consideration of approval.

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PURPOSE OF REPORT
To provide Council with a preliminary view of the 10 Year Utility RMR Capital plan for future consideration of approval for the 2021 projects.

ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
N/A

ALIGNMENT TO SERVICE DELIVERY
Financial Planning
Stewardship of development of annual operating and capital budgets for Municipal and Utility operations.

ALIGNMENT TO COUNCIL (OR COMMITTEE) DIRECTION OR MANDATORY STATUTORY PROVISION
Council Policy C-FS-05 Budget and Taxation Guiding Principles

Service Standards/Expectations

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.

5-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.
7- The City is committed to the preservation and long term viability of its current infrastructure and as such commits available capital dollars towards the repair, maintenance and replacement of existin...

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