Item - 2018.EX30.23

Tracking Status

  • City Council adopted this item on January 31, 2018 without amendments and without debate.
  • This item was considered by the Executive Committee on January 24, 2018 and adopted without amendment. It will be considered by City Council on January 31, 2018.
  • See also EX30.23

EX30.23 - 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on January 31 and February 1, 2018, adopted the following:

 

1. City Council approve the budget adjustments as outlined in Appendix A of the report (December 11, 2017) from the Chief Executive Officer, Toronto Transit Commission, to reflect offsetting project deferrals and accelerations and re-allocations in the approved 2017 Toronto Transit Commission Capital Budget to/from future year cash flow commitments (including related funding impacts) noting that there is no impact to project approvals or to City debt.

 

2. City Council approve 2017 Capital Budget and funding source adjustments outlined in Appendix B of the report (December 11, 2017) from the Chief Executive Officer, Toronto Transit Commission, including an increase of $3.6 million in Provincial Funding for Communication Program, an increase of $3.6 million in Metrolinx-Move Ontario for ATC Program ($0.6 million) and PRESTO Project ($2.9 million) and $0.175 million increase in Section 37 Planning Act for Transit Priorities Project, resulting in a total increase to the 2017 project approval of $7.3 million; with no impact to City debt.

Background Information (Committee)

(December 14, 2017) Letter from the Toronto Transit Commission board on 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-110508.pdf
(December 11, 2017) Report and appendices A and B from the Chief Executive Officer, Toronto Transit Commission on 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-110509.pdf

EX30.23 - 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Executive Committee recommends that:

 

1. City Council approve the budget adjustments as outlined in Appendix A of the report (December 11, 2017) from the Chief Executive Officer, Toronto Transit Commission, to reflect offsetting project deferrals and accelerations and re-allocations in the approved 2017 Toronto Transit Commission Capital Budget to/from future year cash flow commitments (including related funding impacts) noting that there is no impact to project approvals or to City debt.

 

2. City Council approve 2017 Capital Budget and funding source adjustments outlined in Appendix B of the report (December 11, 2017) from the Chief Executive Officer, Toronto Transit Commission, including and increase of $3.6 million in Provincial Funding for Communication Program, an increase of $3.6 million in Metrolinx-Move Ontario for ATC Program ($0.6 million) and PRESTO Project ($2.9 million) and $0.175 million increase in Section 37 Planning Act for Transit Priorities Project, resulting in a total increase to the 2017 project approval of $7.3 million; with no impact to City debt.

Origin

(December 14, 2017) Letter from the Toronto Transit Commission Board

Summary

At its meeting on Monday, December 11, 2017 the Toronto Transit Commission Board considered the attached report entitled "2017 TTC Capital Budget In-Year Technical Adjustment".

 

The Board adopted the recommendations in the staff report, as follows:

 

It is recommended that the Board:

 

1. Approve the budget adjustments as outlined in Appendix A to reflect offsetting project deferrals and accelerations and re-allocations in the approved 2017 Toronto Transit Commission Capital Budget to/from future year cash flow commitments (including related funding impacts) noting that there is no impact to project approvals or to City debt;

 

2. Approve 2017 Capital Budget and funding source adjustments outlined in Appendix B including and increase of $3.6 million in Provincial Funding for Communication Program, an increase of $3.6 million in Metrolinx-Move Ontario for ATC Program ($0.6 million) and PRESTO Project ($2.9 million) and $0.175 million increase in Section 37 Planning Act for Transit Priorities Project, resulting in a total increase to the 2017 project approval of $7.3 million; with no impact to City debt;

 

3. Forward this report to the City of Toronto for Council approval.

 

The foregoing is submitted to Toronto City Council for approval, through the City's Executive Committee.

Background Information

(December 14, 2017) Letter from the Toronto Transit Commission board on 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-110508.pdf
(December 11, 2017) Report and appendices A and B from the Chief Executive Officer, Toronto Transit Commission on 2017 Toronto Transit Commission Capital Budget In-Year Technical Adjustment
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-110509.pdf

Motions

Motion to Adopt Item moved by Councillor Gary Crawford (Carried)
Source: Toronto City Clerk at www.toronto.ca/council