Title
PRESENTATION CONCERNING THE 2024 CITY SERVICES OPERATING BUDGET AND CAPITAL PLAN
Craig Millar, Chief Financial Officer provided a presentation concerning the 2024 City Services Operating Budget and Capital Plan.
Mr. Millar discussed slides concerning the following topics:
• The 2024 Business Plan Process;
• The City’s policy framework and by-laws governing the City’s financial management;
• A summary of the proposed 2024 tax rate impact;
• A pie chart illustrating the 2024 sources of operating revenue;
• The proposed user rate budgets for water, wastewater and parking;
• The objectives of the 2024 Capital Plan;
• A summary of the 2024 Capital Plan and key projects;
• A pie chart illustrating the requested capital spending authority by funding sources between 2024 and 2028;
• A chart illustrating the Tax Capital Reserve Balance;
• The Reinvestment reserve continuity schedule between 2024 to 2028;
• The forecasted debt levels between 2023 and 2028; and
• The next steps and timelines.