which are informed by and reflective of the City's approved Asset Management Policy and Plan.

Executive Summary:

N/A.

Background: 

Background: At its meeting of Monday July 22, 2019, Council adopted Council Resolution CR361/2019 which directed, in part, the following:

"...That the report of the Chief Financial Officer & City Treasurer dated July 22, 2019

regarding the 2020 Proposed Budget Process & Timeline BE RECEIVED for information.'

Through the 2020 budget process, the 8-year Capital Budget Plan is being updated to include projects from 2020 through to 2027.

Discussion:

On Monday April 1, 2019, City Council approved the 2019 Capital Budget 7-Year Capital Plan (per B8/2019). The 2020 Capital Budget being submitted to Council updates that plan for 2020 through to 2027. This plan not only brings forth the year 2026 but also introduces an additional year (2027) to move to an 8-year capital plan. In each subsequent year an additional one year will be added to the capital budget plan so that by the year 2022, City Council will be presented with a 10-year capital plan, which also meets with Ontario Regulation 588/17 (O.Reg 588/17) requirements.

The 2020 8-year Capital Budget has also been updated to reflect the guidelines and principles within the approved Asset Management Plan (AMP) (CR424/2019 CSC 329). Ensuring the capital budget investments reflect the guidelines, principles and recommendations of the AMP is also consistent with O.Reg 588/17 and provides support for the numerous grants which require confirmation that projects are in line with AMP.

This recommended Capital Budget continues to identify investments by Major Category; Roads Infrastructure; Sewers Infrastructure; Transportation; Parks and Recreation; Corporate Property Infrastructure; Corporate Technology; Community and Economic Development; Corporate Reserve Replenishment and Agencies, Boards and Committees (ABC's). The listing of projects by Major Category, including project details, can be found in the Capital Projects Detail book.

As a new feature to the 2020 Capital Budget and in order to ensure consistency with the recently approved AMP, the Executive Summary book has been organized to reflect the various capital investments into Classification types. This provides an alternate view of the types of investments included in the capital budget. The Classification types and their respective definitions are listed in the table below.