Budget Committee of the Whole

That the agenda be adopted as distributed by the Clerk.

a) That the 2024 Operating Results be received for information purposes; b) That the 2024 Operating Budget carryforward items of $255,000 listed in Appendix “B” to staff report SRCFS.25.018 be approved and

a) That staff report SRCFS.25.020 regarding 2024 Investment Portfolio Results be received for information purposes.

a) That staff report SRCFS.25.017 regarding the 2026 Capital and Operating Budget Strategy, be received; b) That Budget Committee of the Whole recommends the Mayor directs staff to present a 2026 Draft Capital Budget that: i. Continues to manage the City’s capital program reflective of the City’s Strategic Priorities; ii. Maximizes all funding from external sources, development charges and reserve funding; iii. Does not exceed the proposed funding envelopes, including project management and overhead costs: a. $34.5 million from Tax Supported Reserve Funds. b. $33.3 million from Development Charges Reserve Funds. c. $8 million from Cash-in-Lieu of Parkland Reserve Fund. d. $34.1 million from Water and Wastewater Reserve Funds as per the Council Approved Financial Plan. e. $15.2 million from Water Quality Protection Reserve Fund for Stormwater Management projects as per the Council Approved Financial Plan. c) The Budget Committee of the Whole recommends the Mayor directs staff to prepare a 2026 Draft Operating Budget that: i. Recognizes and responds to the financial pressures affecting residents, with particular attention to tariffs, the rising cost of living, and ongoing affordability challenges; May 6, 2025 BCW#01-25 ii. Balances financial pressures on the City including the need to build and maintain growth related infrastructure and continuing to deliver important services that make our City a premium community in which to live; iii. Reviews spending and find efficiencies t

That the meeting be adjourned.