Item - 2015.BU8.7
Tracking Status
- This item was considered by Budget Committee on May 19, 2015 and was adopted without amendment.
- See also EX6.15
BU8.7 - 2015 Capital Budget Adjustments for Sustainable Energy Plan
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Budget Committee recommends that:
1. City Council authorize the reallocation of approved capital funding for the Lighting Retrofit Project in Parks, Forestry and Recreation arenas in the Sustainable Energy Plan's 2015 Capital Budget in the amount of $983,000 with a zero gross and net budget impact.
Origin
Summary
This report requests City Council's authority to adjust the 2015 Approved Capital Budget for Sustainable Energy Plan (SEP) by reallocating approved capital funding from projects currently in the 2015 Approved Capital Budget that are being cancelled or can be deferred to the Lighting Retrofit Project in Parks, Forestry and Recreation arenas.
This budget adjustment will result in a zero gross and net impact to the 2015 Approved Capital Budget for SEP. This action will allow the City to direct funding to a conservation and demand management project that will have positive economic and environmental benefits on the City as a whole.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/bu/bgrd/backgroundfile-79789.pdf