Capital financing and other financial costs relate to raising funds in the operating budget and transfering to the capital fund to help pay for the current year’s capital works program. It provides for principal and interest payments on tax-supported debt that has been issued as of the beginning of the year plus an amount estimated to be issued during 2020. It includes transferring funds to various reserves which, in turn, will be used to fund specific operating and capital expenditures.

Proposed capital financing and other financial 2020 budget