Title
PRESENTATION CONCERNING THE LONG RANGE FINANCIAL PLAN, TIMING OF DEVELOPMENT AND 10-YEAR CAPITAL PLAN DEFERRAL OPTIONS
Craig Millar, Director of Finance/Treasurer, Michelle Banfield, Director of Development Services, Bala Araniyasundaran, General Manager of Infrastructure and Growth Management and Dawn McAlpine, General Manager of Community and Corporate Services provided a presentation concerning the proposed Long Range Financial Plan (LFRP), the timing of future City development and deferral options for the 10-Year Capital Plan.
Mr. Millar, Ms. Banfield, Mr. Araniyasundaran and Ms. McAlpine discussed slides concerning the following topics:
Long Range Financial Plan - Five Strategies to Strengthen the City's Financial Position:
* The purpose of a Long Range Financial Plan and financial policy updates;
* A bar graph illustrating the City's debt capacity from 2021 to 2041;
* An overview on allocation of the Barrie Hydro dividend (BHHI);
* Charts illustrating the current and proposed projections of the Reinvestment and Tax Capital Reserves from 2022 to 2029;
* The positive outcomes of increasing the BHHI dividend contributions to the Tax Capital Reserve and maintaining the Reinvestment Reserve;
* An overview on the LRFP and proposed Policy Framework;
Timing of Growth:
* The timing of growth and development charges revenue;
* The development approval timelines detailing the improvements, complexities for development in the Building Boundary and Secondary Plan Areas, and application volumes;
10-Year Capital Plan Deferral Options:
* A summary on the deferral considerations, deferral options of capital projects;
* The considerations of deferring Infrastructure Projects;
* The impacts of deferring the Road Widenings/McKay Interchange Projects and the Water/Wastewater Project;
* A summary of the proposed Infrastructure Projects to be deferred;
* The proposed deferral options for Corporate Facility Projects:
o The Community Centres and Libraries/Other Faci...
Click here for full text