The 10-Year Capital Forecast has been a component of the Township's annual budget process since 2006. In that time, the forecast has proved to be an effective exercise in the overall capital planning process. In 2007, staff formalized a Capital Planning Framework to guide departments in setting priorities for their respective capital submissions.
The 10-Year Capital Forecast is a "living document" with revisions occurring annually. These revisions are generally the result of:
In addition to the 10-Year Capital Forecast, the Township actively analyzes and updates our comprehensive Asset Management Plan, to ensure capital planning is aligned with long-term needs. The Township is currently undertaking a multi-year asset management roadmap to build a culture of Asset Management across the organization.
The most recent update to the 10-Year Capital Forecast was completed in January 2021.
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