TAMRMS#: B09
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Capital Prioritization Matrix
Presented by: Diane McMordie, Director, Finance & Assessment/CFO
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RECOMMENDED MOTIONS
recommendation
That the Community Growth and Infrastructure Committee recommend to Council:
1. That the "Capital Prioritization Matrix" provided as an attachment to the September 14, 2020 agenda report titled "Capital Prioritization Matrix", be received as information
2. That by June 2021, CGISC is presented with options and recommendations for amendments to the capital planning and funding processes that support a long term strategy for the future growth of the community.
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PURPOSE OF REPORT
To provide the Committee with information as to the details of the criteria utilized by the Chief Administrative Officer when determining the capital projects to be recommended for funding to Council as part of the annual budget process. While other considerations may also inform the recommendations, the Capital Prioritization Matrix plays a major role in the decision making process.
Administration is also seeking the Committee’s input on future enhancements to our capital budgeting processes.
ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
N/A
ALIGNMENT TO SERVICE DELIVERY
Financial Planning
Municipal Capital Budget Development
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 consideration of new capital growth projects and assets.
Capital Charters are prepared and prioritized for new investments using the established prioritization criteria.
ALIGNMENT TO COUNCIL (OR COMMITTEE) DIRECTION OR MANDATORY STATUTORY PROVISION
On February 26, 2018 Council passed the following motions:
(AR-18-084)
“That the Capital Project Prioritization Matrix provided a...
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