City releases 2022 financial report on significant capital projects
Prince George, BC – Staff will present Council with a six-month update on significant capital projects at the December 5 Council meeting. The report will inform Council of the City’s capital budget and performance for significant projects over $1 million.
The report includes status information on major, debt and…
Infrastructure is a very broad term that covers a large number of things from physical buildings and roads to City services. Learn about Prince George's civic infrastructure and how they serve our community.
Capital projects are often - but not always - major infrastructure undertakings like building new facilities or repairing roads and sidewalks that involve significant spending.
Beginning in late 2020, the City focused its efforts on a number of corrective measures to improve transparency and accountability related to capital project structure and processes. The steps Council and Administration have taken include:
- Reducing the City Manager's delegated authority to amend project budgets to five per cent of the project budget, up to a maximum of $100,000 per project.
- Council will review budget amendments approved under the City Manager's authority once every three months.
- Considerating hiring external project management services for significant capital projects. This was first put into practice for the downtown YMCA daycare construction project that was completed on-time and under budget in 2021.
- Conducting external reviews of the City's capital management processes and developing a new project management framework to provide project delivery consistency.
- Approving a whistleblower policy in 2021 that ensures all City employees and elected officials have a clear, confidential roadmap to bring their concerns forward.