FINANCE & CORPORATE SERVICES COMMITTEEMINUTES
<br />NOVEMBER 27, 2017 CITY OF KITCHENER
<br />The Finance and Corporate Services Committee met this date commencing at 9:32 a.m.
<br />Present: Councillor S. Davey - Chair
<br />Mayor B. Vrbanovic and Councillors F. Etherington, Y. Fernandes, K. Galloway-
<br />Sealock, J. Gazzola, B. Ioannidis, Z. Janecki, S. Marsh, D. Schnider, and P. Singh.
<br />Staff: D. Chapman, Chief Administrative Officer
<br /> M. May, Deputy CAO, Community Services
<br /> M. Goldrup, Acting Deputy CAO, Finance & Corporate Services
<br /> C. Fletcher, Interim Executive Director, Infrastructure Services
<br /> J. Readman, Interim Executive Director, Infrastructure Services
<br /> J. Miller, Executive Director, Office of the CAO
<br /> C. Bluhm, Executive Director, Economic Development
<br /> R. Hagey, Director, Financial Planning
<br /> D. McGoldrick, Director, Operations Environmental Services
<br /> D. Murray, Director, Technology Innovation & Service
<br /> H. Gross, Director, Engineering Services
<br /> D. Fagerdahl, Manager, Financial Planning
<br /> L. Stewart, Interim Director, Facilities Management
<br /> P. McCormick, Manager, Parking Enterprise
<br /> S. Allen, Manager, Engineering Design & Approvals
<br /> N. Gollan, Manager, Stormwater Utility
<br /> D. Ritz, Supervisor, Design/Development
<br /> J. Rodrigues, Committee Administrator
<br /> D. Saunderson, Committee Administrator
<br />1. FCS-17-189 - 2018 CAPITAL BUDGET
<br />The Committee considered Finance and Corporate Services Department report FCS-17-189,
<br />dated November 3, 2017, and attached line-by-line listing of all projects in the Capital Forecast
<br />by Department/Division.
<br />Councillor J. Gazzola brought forward a motion to vote on the various sections outlined in the
<br />Capital Budget Package, including the Capital Issue Papers.
<br />Councillor motion was then voted on and LOST on a recorded vote, with Councillors
<br />Y. Fernandes, J. Gazzola and Z. Janecki voting in favour; and, Mayor B. Vrbanovic and
<br />Councillors S. Marsh, D. Schnider, K. Galloway-Sealock, B. Ioannidis, F. Etherington and P.
<br />Singh voting in opposition.
<br />INTRODUCTION FROM THE CAO
<br />Mr. D. Chapman provided opening remarks, stating the objectives of Report FCS-17-189 are
<br />to summarize the 2018 Capital Budget Forecast; describe the new investment priorities for the
<br />2018 Forecast; and, summarize significant changes from the 2017 Capital Forecast. He stated
<br />the Capital Forecast is balanced, both financially and in priorities, adding there are identified
<br />funding sources for all projects with high priority projects scheduled to be completed first. He
<br />indicated Capital Forecast
<br />improvements in the overall reserve balances. He further advised the budget is a balance
<br />between investments in core infrastructure and community amenities.
<br />Mr. R. Hagey advised the 10-year Capital Forecast includes over 423 different projects, with a
<br />combined value of $1.1B and $92M in 2018. He noted the 10-year forecast is a best practice in
<br />that it enables Council to adopt a long-term view and make project commitments that are
<br />aligned witCouncil considers a one-year capital
<br />budget, along with a ten-year forecast which is adjusted annually. He indicated Council
<br />identified capital priorities through a number of processes, including but not limited to: the
<br />Strategic Plan; the Development Charges By-law; and, various master plans. He stated once
<br />the priorities are identified, staff proposes a budget that best addresses the priorities in light of
<br />limited resources. He indicated regardless of how priorities are identified, they are often
<br />referred to the budget process to determine the specific timing of projects. He further advised
<br />the budget process is therefore not intended to revisit the details of the priorities,