Budget Committee of the Whole Tuesday November 21st at 1:30pm
(Capital Budget begins Page 192)
A capital budget outlines a plan for capitalizing in the building and improvements of infrastructure and assets to provide safe and enjoyable services for city residents.
It serves as a financial communication tool for stakeholders to make decisions on imminent plans, priorities, and challenges faced by the city.
Additionally, it helps monitor and manage the city's funds to ensure investment choices align with the community’s needs.
Similar to the operating budget, the capital budget is subject to influence from Council priorities, economic conditions, inflation and financial constraints.
The City must balance its budget on an yearly basis, bridging the gap between identified needs and available funding sources.
The public may submit written correspondence regarding agenda items by email to email@example.com. Written correspondence must be submitted by 12 p.m. (noon) one business day before the meeting. Comments submitted will be provided to all Members of Council, are considered as public information and will be included on the public agenda posted to the City's website.
Any person who wishes to speak to Council on agenda items must pre-register with the Office of the Clerk by 12 p.m. (noon) one business day before the meeting. Applications to appear as a delegation can be submitted by email to firstname.lastname@example.org or by using the on-line application form found on Richmondhill.ca. Delegations can be in person, or electronically by video conference or telephone. The Office of the Clerk will provide instructions on appearing as a delegation.