Budget Review Committee of the Whole

That Correspondence Item BRC-C 1-2023, dated December 14, 2022, respecting Revised Proposed NRH 2023 Gross Capital Budget submission, BE RECEIVED and the following recommendations BE APPROVED: 1. That Regional Council APPROVE the revised proposed NRH 2023 gross capital budget submission of $14 million as per Table 1 in Report NRH 11-2022; and Budget Review Committee of the Whole Open Session Minutes BRCOTW 1-2023 January 5, 2023 Page 3 2. That the 2023 capital budget as outlined in Report CSD 1-2023 BE AMENDED as required.

That Report CSD 1-2023, dated January 5, 2023, respecting 2023 Capital Budget, BE RECEIVED and the following recommendations BE APPROVED: 1. That the 2023 Capital Budget for Niagara Regional Departments and Agencies, Boards and Commissions of $236,958,991, BE APPROVED, INITIATED and funding BE ALLOCATED to the projects in Appendix 1 of Report CSD 1- 2023, as amended, pending final By-law approval anticipated to be on February 23, 2023; 2. That an incremental transfer to the Capital Levy Reserve of $10.5 million or 2.5% of the levy and an incremental transfer to the Water & Wastewater Capital Reserves of $6.6 million or 5.0% of the net Water & Wastewater Operating budget BE CONSIDERED for the 2023 Operating budget; 3. That $395,750 for the incremental operating costs of capital projects, as per Appendix 5 to Report CSD 1-2023, BE CONSIDERED as part of the 2023 Operating Budget to be funded from Assessment Growth; and 4. That the necessary By-laws BE PREPARED and PRESENTED to Council for consideration to coincide with the approval of the Operating Budget.

That Report CSD 3-2023, dated January 5, 2023, respecting Q3 2022 Financial Update, BE RECEIVED for information.

That Correspondence Item BRC-C 2-2023, dated January 5, 2023, respecting 2023 Levy Estimate Update January 5, 2023, BE RECEIVED for information.