Committee of the Whole - Budget

WITH RESPECT to the November 24, 2025 Committee of the Whole - Budget meeting, we recommend that the agenda as printed, including any additional information and new business, be confirmed.

WITH RESPECT to Report 336-2025-Corporate Services-Finance-2026- 2027 Proposed Capital Budget we recommend that the Rural Trunk Ditching allocation be increased by $40,000 in each year for a revised total of $170,000 in 2026 and 2027 to address identified drainage deficiencies along rural road corridors; AND THAT this increase be financed by the tax levy.

WITH RESPECT to Report 336-2025-Corporate Services-Finance, we recommend that the Amendment to Budget- Rural Trunk Ditching be referred back to Administration for further information relating to Rural Trunk Ditching projects and current carry forward costs; Committee of the Whole-2026-2027 Capital Budget – November 24, 2025 AND THAT Administration report back at the December 2, 2025 City Council Budget Ratification meeting.

WITH RESPECT to Report 336-2025-Corporate Services-Finance, we recommend that the proposed 2026-2027 Capital Budget be approved as outlined in this Report; AND THAT the 2026 Capital Budget of $159,997,300 as outlined in this Report be financed as follows: Capital Financed by the Tax Levy$ 23,043,400 Debenture (Regular Tax-Supported)$ 7,648,600 Debenture (Special Tax-Supported)$ 20,550,000 Debenture (Waterworks)$ 4,600,000 Debenture (Wastewater)$ 9,000,000 Internal Loan (Parking)$ 111,900 Grants$ 56,160,300 Developer Contributions$ 1,030,000 Tax-Supported Reserve and Reserve Funds$ 11,729,000 Land Development Account$ 1,636,000 Waterworks Reserve Fund$ 12,650,000 Wastewater Reserve Fund$ 9,112,500 Solid Waste – Landfill Reserve Fund$ 2,663,800 Boater Services Capital Reserve Fund$ 61,800 Committee of the Whole-2026-2027 Capital Budget – November 24, 2025 AND THAT the 2027 Capital Budget of $148,044,700 as outlined in this Report be financed as follows: Capital Financed by the Tax Levy$ 24,505,000 Debenture (Regular Tax-Supported)$ 7,648,600 Debenture (Special Tax-Supported)$ 10,550,000 Debenture (Waterworks)$ 4,600,000 Debenture (Wastewater)$ 3,248,900 Debenture (Boater Services)$ 250,000 Internal Loan (Parking)$ 1,156,500 Grants$ 48,620,300 Tax-Supported Reserve and Reserve Funds$ 10,767,100 Waterworks Reserve Fund$ 20,740,400 Wastewater Reserve Fund$ 12,083,200 Solid Waste – Landfill Reserve Fund$ 3,270,000 Boater Services Capital Reserve Fund$ 404,700 Parking Reserve Fund$

Committee of the Whole-2026-2027 Capital Budget – November 24, 2025 THAT a Special City Council meeting be scheduled immediately following the November 24, 2025 Special Committee of the Whole-Budget in order to ratify Committee of the Whole-Closed Session Meeting Minutes from November 12, 2025; AND THAT that with respect to the Memorandum from Deputy City Clerk Jeff Walters dated November 20, 2025, that a Special Growth Standing Committee meeting be scheduled on Monday, December 1, 2025 at 4:30 p.m; AND THAT a Committee of the Whole – Closed Session meeting be scheduled for Tuesday, December 16, 2025 at 6:00 p.m. in order to receive information pursuant to the Municipal Act (Section 239 (2)) relative to: (e) litigation or potential litigation, including matters before administrative tribunals, affecting the municipality or local board, (f) advice that is subject to solicitor-client privilege, including communications necessary for that purpose, and (k) a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the municipality or local board. AND THAT a Special City Council meeting be scheduled immediately following the Tuesday, December 16, 2025 Committee of the Whole – Closed Session in order to ratify any necessary items arising from the Closed Session Meeting; AND THAT any necessary by-laws be presented to City Council for ratification.