Budget Committee of the Whole Meeting
Agenda

BCW#04-21

Tuesday, October 19, 2021 at 1:30 P.m. - 3:30 P.m.

(Electronic Meeting pursuant to Section 238(3.3) of the Municipal Act, 2001)

Chair, Joe DiPaola, Acting Mayor

 

PUBLIC NOTICE

 

Due to efforts to contain the spread of COVID-19 and to protect all individuals, City facilities will not be open to the public to attend Council and Committee meetings until further notice. The public can observe meetings of Council and Committees by viewing the livestream of the open session part of these meetings which can be accessed on the City’s website (Richmondhill.ca) or on the City’s YouTube page (linked from the City’s homepage).

 

Public Comments: The public may submit written correspondence regarding agenda matters by email to [email protected]. Written correspondence must be submitted by 12:00 p.m. the day before the meeting. Comments submitted will be provided to all Members of Council, considered as public information and noted in the public record.

 

Electronic Delegations: The public may apply to appear as an electronic delegation by video conference or by telephone. Applications to appear as an electronic delegation must be submitted by 12:00 p.m. the day before the meeting by email to [email protected] or by using the on-line application form found on Richmondhill.ca. The Office of the Clerk will provide instructions on appearing as an electronic delegation.

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1.

Adoption of Agenda

2.

Disclosure of Pecuniary Interest and General Nature Thereof

3.

Delegations

4.

Scheduled Business

4.1

SRCFS.31.051 - 2022 Draft Capital Budget and Forecast

- Presentation by David Dexter, Director, Financial Services and Treasurer, and Paolo Masaro, Executive Director, Infrastructure and Engineering Services

• a) That the 2022 Draft Capital Budget in the amount of $77,423,800 identified in Appendix “A” to staff report SRCFS.21.051 be approved;

  b) That the 2022 Draft Capital Budget recommended funding sources identified in Appendix “D” to staff report SRCFS.21.051 be approved;

  c) That the projects identified in the Projects Contingent on Grant Funding List in Appendix “B” to staff report SRCFS.21.051 be approved and funding allocated if grant funding becomes available;

  d) That the Capital Forecast in the amount of $516,488,500 attached as Appendix “F” and Appendix “G” to staff report SRCFS.21.051 be received for information;

  e) That draft By-Law 137-21, attached as Appendix “H” to staff report SRCFS.21.051, be referred to the October 27, 2021 Council meeting for adoption.

4.2

SRCFS.21.045 - 2021 Reserve and Reserve Fund Status

- Presentation by David Dexter, Director, Financial Services and Treasurer

• a) That staff report SRCFS.21.045 be received for information purposes;

  b) That for administration purposes, the following reserve funds realignment be approved, their existing by-laws be repealed, and their corresponding accounts be closed:

  1. Roads Repair and Replacement and Sidewalk Reserve Fund merged with Transportation Network Repair and Replacement Reserve Fund as they provide funding for transportation related assets; and
  2. Indoor Recreation Development Charges Reserve Fund merged with Outdoor Development Charges Reserve Fund as these eligible services are now combined into one umbrella - Parks and Recreation Development Charges Reserve Fund per the Development Charges Act (DCA).

4.3

SRCFS.21.043 - 2021 Operating Forecast Q3

- Presentation by Gigi Li, Manager, Fiscal Planning and Strategy

• a) That staff report SRCFS.21.043, 2021 Operating Forecast Q3, be received for information purposes.

5.

Adjournment