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Home > City Hall > Capital Budget, Capital Accounting and Grants
Capital Budget and Capital Accounting
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Building a responsible capital budget for the City of Vaughan is a challenging process.  Resources must be allocated in a way the balances needs and aspirations of the present while meeting the requirements of longer term financial sustainability.  The pressures of new initiatives, maintaining existing infrastructure and growth requirements must be balanced against available funding, the impact on future operating budgets and the staff resources to undertake and manage capital projects. The Financial Planning & Development Finance department is responsible for the capital budget process, capital accounting, debt placement, the administration of trusts and reserves and the provision of internal and external financial reporting services in compliance with all provincial statutes, city by-laws and policies.  Key functions related to the capital budget and capital accounting process include:

 Capital Budgeting

·       Develop and issue capital budget process timetables, instructions, guidelines and schedules

·         Review departmental capital project submissions to ensure budget guideline and financial policy compliance

·         Identify funding sources to minimize impact on the property tax levy

·        Maximize grant opportunties through external funding through Provincial and Federal Government 

·         Forecast reserve revenues to assess the availability of funding throughout the forecast period

·         Assess future operating budget impacts

·         Provide interpretation, guidance and high level advices to Commissioners, Directors and staff during the development of the Capital Budget

·         Prepare consolidated capital budget drafts, reports and presentations for SMT and Council review and adoption

·         Prepare the approved Capital Budget document and distribute to Council, SMT and the public

·         Prepare the Capital and Reserve Sections of the annual budget book that has received the GFOA (Government Finance Officers Association) Budget Presentation Award

 Capital Accounting

    ·         Upload the budget to our financial accounting system for reporting purposes
    ·         Maintain the capital books of account and fulfill monthly, quarterly and annual reporting requirements
    ·         Perform all capital related financing transactions and capital accounts payable
    ·         Maintain and administer the City’s tangible capital asset inventory
    ·         Debt placement and administration

 

 

 

 Contact Information

 

Financial Planning & Development Finance

Phone:

905-832-2281

Email:
Budgeting@vaughan.ca

Location:
City Hall
Level 300
2141 Major Mackenzie Drive
Vaughan
L6A 1T1

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Other Links:
 
City Budgets
 
Financial Planning & Development Finance
 
Operating Budget
 
Program Costing and Special Projects
 
Long Range Financial Planning /Financial Master Plan
 
 
Reserves Policy Item
Reserves Policy
 
Capital Details:

 
2022 Quarterly Reports

  • Q2 Closed Projects
  • Q2  Reserve Continuity Schedule
 
2021 Quarterly Reports
  • Q4 Closed Projects
  • Q4 Reserve Continuity Schedule
  • Q2 Closed Projects
  • Q2  Reserve Continuity Schedule
 2020 Quarterly Reports
  • Q4 Open Projects
  • Q4 Inactive Projects
  • Q4 Closed Projects
  • Q4 Continuity Schedule
  • Q2 Open Projects
  • Q2 Inactive Projects
  • Q2 Continuity Schedule
 
 2019 Quarterly Reports
  • Q4 Open Projects
  • Q4 Closed Projects
  • Q4 Inactive Projects
  • Q4 Continuity Schedule
  • Q2 Open Projects
  • Q2 Closed Projects
  • Q2 Inactive Projects
  • Q2 Continuity Schedule

  2018 Quarterly Reports

  • Q1 Open Projects
  • Q1 Closed Projects
  • Q1 Continuity Schedule
  • Q3 Open Projects
  • Q3 Closed Projects
  • Q3 Inactive Projects
  • Q3 Continuity Schedule
  • Q4 Open Projects
  • Q4 Closed Projects
  • Q4 Inactive Projects
  • Q4 Continuity Schedule

2017 Quarterly Reports

  • Q1 Capital Spend -Active Projects
  • Q1 Capital Spend - Inactive Projects
  • Q1  Continuity Schedule
  • Q1 Closed Projects
  • Q2 Capital Spend -Active Projects
  • Q2 Capital Spend - Inactive Projects
  • Q2 Continuity Schedule
  • Q3 Capital Spend - Active Projects
  • Q3 Capital Spend - Inactive Project
  • Q3 Contiuity Schedule
  • Q3 Closed Projects
  • Q4 Capital Spend - Active Projects
  • Q4 Capital Spend - Inactive Project
  • Q4 Contiuity Schedule

 

 

 

 

          2016 Quarterly Reports:

  • Q1 Capital Spend -Active Projects
  • Q1 Capital Spend - Inactive Projects
  • Q1-16 Reserve Continuity Schedule
  • Q2-16 Active Projects
  • Q2-16 Closed Projects
  • Q2-16 Continuity Schedule
  • Q2-16 Inactive Projects
  • Q3-16 Active Projects
  • Q3-16 Closed Projects
  • Q3-16 Inactive Projects
  • Q3-16 Continuity Schedule
  • Q4-16 Active Projects
  • Q4-16 Closed Projects
  • Q4-16 Inactive Projects
  • Q4-16 Continuity Schedule


 

  • 2014 Capital Budget & 2015-2017 Capital Plan: Vol.1 and Vol.2
  • 2013 Capital Plan: Vol.1 and Vol.2
  • 2012 Capital Plan
  • 2011 Capital Plan
  • 2010 Capital Plan
  • 2009 Capital Plan

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