a) That report SRCFS.22.017 be received;
b) That staff present a 2023 Draft Capital Budget & Forecast that:
i. Continues to manage the City’s capital program reflective of corporate priorities;
ii. Maximizes all funding from external sources, development charges and reserve funding;
iii. Incorporates Capital Sustainability Committee Outcomes;
iv. Continues to leverage the Enterprise Asset Management / Asset Management Plan to help inform the prioritization of core asset investment needs; and
v. Incorporates fiscal responsibility in addressing the City’s Infrastructure funding gap.
c) That staff present a 2023 Draft Operating Budget that:
i. Supports Council priorities; and
ii. The operating budget considerations outlined in report SRCFS.22.017 be used as a guideline in the development of the 2023 Operating Budget.
d) That staff present a 2023 Draft Water, Wastewater & Stormwater Budget that reflects the wholesale rate increase from Region of York and reflects approved factors from the Water/Wastewater Financial Plan as well as the Stormwater Financial Plan and Rate Update; and
e) That staff be directed to proceed with the 2023 Budget process in accordance with the timetable outlined in Appendix “A” and guidelines described in SRCFS.22.017.