AMP is updated every five years, the Capital Budget is updated annually. The projects in the recommended Capital Budget are also influenced and reflective of the AMP. This can be seen on page 22 of Section B - Capital Budget Executive Summary book which shows the annual investment achieved by 2027 for the various asset types.

As such, a recommendation is included within this report to formalize and directly link the 2020 8-year Capital Budget directly with the AMP. The recommendation as presented is noted as follows:

"THAT City Council DEEM the 2020 8-year Capital Budget as a supplement to the approved Corporate Asset Management Plan as it identifies projects and investments which are informed by and reflective of the City's approved Asset Management Policy and Plan."

Should changes be made to the recommended 2020 8-year Capital Budget, there may be a need to revisit the impact on the ability to put forward this recommendation as currently presented.

Financial Matters:

The total recommended funding over the 8-year plan is approximately $1.2 Billion for an average of $151 million per year. This is an increase of $15M million per year compared to the $136M million per year approved in the 2019 7-year plan. The focus of the 8-year plan continues to be the roads and sewers categories, with a total of approximately $707.4 M (58%) of funding being recommended for these types of projects. This sizable investment for roads also results in an increase from 64.3kms to 96.55kms of roads being funded. Further, this increased investment results in more than doubling the investment on significant risk roads, from 17.08kms to 41.64kms addressing 1/3rd of the total kms which are of significant risk. This is accomplished without reducing investments on lower risk roads segments.

It is noted that approximately $302.6M (25%) of the investments in the plan relate to Classification 1 projects (Non-Discretionary Investments and or Pre-Commitments of Council). Reflective of an increased focus on Service Sustainability, those investments total $838.4M or approximately 70% of the total recommended 2020 8-year Capital Budget. This is inclusive of the portion of Classification 1 defined for service sustainability ($143.1M), all of Classification 2 ($627.9M), and the applicable portion in Classification 3 ($67.4M). Investments which are for economic development, growth and or service enhancements total approximately $326.2M (27%). The remaining 3% of the recommended investments relate to Agencies, Boards and Committee investments.

Administration also reviews the capital budget to determine if any projects can leverage Development Charge (DC) funding. This year the review determined that some projects with precommitted or placeholder funding were also DC eligible. As the original funding sources were precommitted by a Council Resolution it is necessary to have City Council release the original funding source commitments and commit the DC funding sources. Below is a table which lists the specific Council Resolutions, project, amount and original funding source. The recommendation is to approve the amendment to these CR's thereby removing the commitment against the original funding source and