File #: 19-G-323    Version: Name:
Type: Presentation Status: Recommended Motion (section A)
File created: 10/28/2019 In control: City Council
On agenda: 11/25/2019 Final action:
Title: 2020 BUSINESS PLAN AND OPERATING BUDGET PRESENTATION C. Millar, Director of Finance/Treasurer provided a presentation on the 2020 Business Plan and Operating Budget. Mr. Millar discussed slides concerning the following topics: * An overview on the 2020 Business Plan associated to the Operating Budget; * The 2020 Business Plan Process; * The 2020 Budget Directions related to Operating; * A chart illustrating a summary of the proposed 2020 Tax Budget Changes; * The User Rate Budgets for water, wastewater and parking; * An overview on the 2020 Business Plan associated to the Capital Plan; * A financial outlook associated to the City's "AA" credit rating from S&P Global Ratings; * The 2020 Budget Directions related to the Capital Plan from 2020 - 2029; * The Capital Prioritization Process; * The Capital Plan key projects; * A chart illustrating how the 2019 - 2024 Capital Plan is to be funded; * The forecasted debt levels between 2019 - 2024; and * The next steps in the 2020 Budge...
Attachments: 1. 191104 2020 Budget Presentation

Title

2020 BUSINESS PLAN AND OPERATING BUDGET PRESENTATION

 

C. Millar, Director of Finance/Treasurer provided a presentation on the 2020 Business Plan and Operating Budget. 

 

Mr. Millar discussed slides concerning the following topics:

 

                     An overview on the 2020 Business Plan associated to the Operating Budget;

                     The 2020 Business Plan Process;

                     The 2020 Budget Directions related to Operating;

                     A chart illustrating a summary of the proposed 2020 Tax Budget Changes;

                     The User Rate Budgets for water, wastewater and parking;

                     An overview on the 2020 Business Plan associated to the Capital Plan;

                     A financial outlook associated to the City’s “AA” credit rating from S&P Global Ratings;

                     The 2020 Budget Directions related to the Capital Plan from 2020 - 2029;

                     The Capital Prioritization Process;

                     The Capital Plan key projects;

                     A chart illustrating how the 2019 - 2024 Capital Plan is to be funded;

                     The forecasted debt levels between 2019 - 2024; and

                     The next steps in the 2020 Budget Process.

 

Members of General Committee asked a number of questions of City staff and received responses related to the following:

 

                     The urbanization of the Secondary Plans and access to existing neighbourhoods municipal services;

                     Further clarification on:

o                     The calculations of the proposed Tax Budget Changes;

o                     The forecasted Debt Levels and related to Development Charges, water and wastewater;

o                     The User Rate Budgets associated to parking rates;

o                     The impacts of provincial funding cuts and downloading; and

o                     The capital costs, tax capital reserve an associated debt associated with new infrastructure and infrastructure renewal.