Title
PRESENTATION CONCERNING THE 2023 BUSINESS PLAN AND BUDGET
Craig Millar, Chief Financial Officer provided a presentation concerning the 2023 Business Plan and Operating Budget.
Mr. Millar discussed slides concerning the following topics:
• An overview of the City’s services and services levels;
• The 2023 Business Plan Process;
• The guiding principles of the City’s financial management and condition;
• The 2023 and beyond financial pressures;
• A summary of the proposed 2023 tax rate impacts;
• A pie chart illustrating the 2023 sources of operating revenue;
• The user rate budgets for water, wastewater and parking;
• The 2023 stormwater charge implementation and rate impacts;
• The objectives of the 2023 Capital Plan;
• A summary of the 2023 Capital Plan and key projects;
• A pie chart illustrating the requested capital spending authority by funding sources between 2023 and 2027;
• The forecasted tax capital reserve balance between 2023 and 2027;
• The forecasted debt levels and expected servicing cost between 2023 and 2027; and
• The next steps and timelines.
Members of Council asked a number of questions of City staff and received responses.