November 16, 2026 - Agenda

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ITEM

MINUTES

FIN-3

Motion to adopt the minutes of the meeting of the Finance Committee held on October 5, 2026.

FINANCE AND CORPORATE SERVICES DIVISION

1.

2027 Utility Budgets and Rates

(File Ref. No. 10-6060-01) (REDMS No. 8457589)

FIN-5

See Page FIN-5 for full report

Designated Speaker:  Melissa Shiau, Jason Ho and Kristina Grozdanich

STAFF RECOMMENDATION

That the 2027 utility budget options presented below and as outlined in the report titled “2027 Utility Budgets and Rates”, dated November 2, 2026, from the General Manager, Engineering and Public Works and General Manager, Finance and Corporate Services, be approved as the foundation for establishing the 2027 utility rates and be included in the Consolidated 5 Year Financial Plan (2027-2031):

(a)

Option 1 for Water (page 6, Table 2);

(b)

Option 1 for Sewer (page 13, Table 6);

(c)

Option 1 for Flood Protection (page 20, Table 10); and

(d)

Option 2 for Solid Waste and Recycling (page 25, Table 12).

2.

2027 District Energy Utility Rates

(File Ref. No. 01-0060-20-LIEC1) (REDMS No. 8516169)

FIN-41

See Page FIN-41 for full report

Designated Speaker:  Alen Postolka and Aaron Yeung

STAFF RECOMMENDATION

(1)

That the Alexandra District Energy Utility Bylaw No. 8641, Amendment Bylaw No. 10792 be introduced and given first, second and third readings;

(2)

That the Oval Village District Energy Utility Bylaw No. 9134, Amendment Bylaw No. 10793 be introduced and given first, second and third readings; and

(3)

That the City Centre District Energy Utility Bylaw No. 9895, Amendment Bylaw No. 10794 be introduced and given first, second and third readings.

ADJOURNMENT