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REPORT TO: Finance and Corporate Services Committee <br />DATE OF MEETING: November 27, 2017 <br />SUBMITTED BY: Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />PREPARED BY: Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />WARD(S) INVOLVED: All <br />DATE OF REPORT: November 3, 2017 <br />REPORT NO.: FCS-17-189 <br />SUBJECT:2018 Capital Budget and 10-Year Forecast <br />___________________________________________________________________________ <br />RECOMMENDATION: <br />For Discussion <br />Note: Final approval of the 2018 Capital Budget and 10-Year Forecast will take <br />place as part of Final Budget Day, scheduled for January 22, 2018 <br />BACKGROUND: <br />The City’s Capital Budget and 10-Year Forecast (referred to hereafter as the “Capital <br />Budget”) provides for investments in infrastructure (assets) that provide a long term <br />benefit to the community. Examples include parks, roads, and sanitary sewers. The <br />projects included in the Capital Budget often take a number of years to construct, and <br />could either create new assets or renew existing assets. The term of the budget is 10 <br />years, which helps establish capital priorities for both the near future and the medium <br />term. As part of the annual budget process, Council reviews, deliberates, and approves <br />the Capital Budget. <br />The objectives of this report are to: <br />Provide highlights of the 2018 Capital Budget <br />Explain how capital priorities are set <br />Identify major projects not yet included in the Capital Budget <br />REPORT: <br />1)Highlights of the 2018 Capital Budget <br />The proposed Capital Budget includes 423 projects with a total cost of $1,119,357,000. <br />The 2018 Capital Budget is largely consistent with the 2017 version as priorities from <br />one year to the next are similar. <br />*** This information is available in accessible formats upon request. *** <br />Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. <br />C - 1 <br />