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Capital Plan and Budgets

 

The City develops its capital investment plan in a five-year time frame. This ensures appropriate planning for required projects and demonstrates the complete impact of major, multi-year projects.

What is a Capital Budget?

  • A capital budget includes estimated expenditures needed to pay for such assets as land and construction of buildings, bridges and other major permanent improvements.
  • An item will be deemed a capital item if it has a life expectancy of more than one year.
  • The capital budget is based on a five-year plan, where the costs of a project may be spread-out over more than one year.

Use of capital budgets

  • Buying land, construction of buildings and infrastructure (i.e. roads, recreation centres, libraries).
  • Buying of items used for one-time costs, with a life expectancy of more than one year (i.e. equipment, vehicles, structures, systems, etc.).
  • Largely funded through government grants, debt and reserves.

In most cases, money cannot be transferred between capital and operating budgets because of rules set by funders.

The City’s 2014 - 2018 capital budget totals $5.8 billion.

The tax-supported portion is $4.07 billion and the Utilities portion is $1.68 billion. Major types of capital projects identified in the capital plan include:

  • Transportation ($515 million capital budget 2014).
  • Community Services & Protective Services ($375 million capital budget 2014) — $156 million for Parks and Recreation, $96 million for Fire and $114 million for Community & Neighbourhood Services).
  • Utilities & Environmental Protection ($462 million capital budget 2014).
  • Corporate Services ($265 million capital budget 2014 — including $98 million for Corporate Properties & Buildings, $36 million for Fleet Services, $66 million for Office of Land Servicing & Housing and$39 million for Information Technology).

The capital plan includes a mix of new, maintenance and upgrade projects. It acknowledges that the needs for new infrastructure must be balanced against The City’s obligations for existing infrastructure in established communities.

 Visit CalgaryInfrastructure.ca for more information.

Funding the 2014-2018 Capital Budget: $5.8 billion

 

Funding the Capital Budget – Pie Chart  

 

Spending the 2014-2018 Capital Budget: $5.8 billion

 

Spending the Capital Budget – Pie Chart