Item - 2015.EX5.17
Tracking Status
- City Council adopted this item on May 5, 2015 without amendments and without debate.
- This item was considered by the Executive Committee on April 22, 2015 and adopted without amendment. It will be considered by City Council on May 5, 2015.
- See also BU7.2
EX5.17 - Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 5, 6 and 7, 2015, adopted the following:
1. City Council authorize the reallocation of funds within Toronto Water's approved 2014 Water Capital Budget in the amount of $50.006 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report (April 9, 2015) from the General Manager, Toronto Water, with a zero budget impact.
2. City Council authorize the reallocation of funds in Toronto Water's approved Capital Budget in the amount of $11.600 million from projects that have been completed to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (April 9, 2015) from the General Manager, Toronto Water, with a zero budget impact.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-79244.pdf
(April 9, 2015) Report and Schedule A from the General Manager, Toronto Water on Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-79251.pdf
(April 8, 2015) Report from the General Manager, Toronto Water on Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-78924.pdf
EX5.17 - Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council authorize the reallocation of funds within Toronto Water's approved 2014 Water Capital Budget in the amount of $50.006 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report (April 9, 2015) from the General Manager, Toronto Water, with a zero budget impact.
2. City Council authorize the reallocation of funds in Toronto Water's approved Capital Budget in the amount of $11.600 million from projects that have been completed to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (April 9, 2015) from the General Manager, Toronto Water, with a zero budget impact.
Origin
Summary
This report requests City Council’s authority to amend Toronto Water’s Approved 2014 Capital Budget by adjusting project costs and cash flows contained within the Budget and Plan, respectively, to reflect the actual year expenditures and progress completion. The adjustments will have a zero dollar impact on the 2014 Capital Budget and will align 2014 expenditures with Toronto Water's capital project delivery schedule and program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-79244.pdf
(April 9, 2015) Report and Schedule A from the General Manager, Toronto Water on Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-79251.pdf
(April 8, 2015) Report from the General Manager, Toronto Water on Toronto Water 2014 Year End Capital Budget Adjustment and Accelerations/Deferrals - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-78924.pdf