Item - 2019.BU12.4
Tracking Status
- This item was considered by Budget Committee on December 6, 2019 and was adopted without amendment.
- See also EX11.19
BU12.4 - Information and Technology 2019-2028 Capital Plan Adjustments and Accelerations/Deferrals
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Budget Committee recommends that:
1. City Council authorize the deferral and acceleration of funds in Information and Technology's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan in the amount of $3.463 million as detailed in Schedule Attachment 1, "Appendix 1 – IT Capital Budget Accelerations/Deferrals" to the report (November 21, 2019) from the Chief Technology Officer, Information and Technology with a zero gross and net debt impact.
Origin
Summary
The purpose of this report is to amend Information and Technology's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan. The amendments will have a zero gross and net debt impact. It will better align 2019 and future cash flows with Information and Technology's capital project delivery schedule and program requirements supporting modernization and outcomes to improve the City's service delivery. These changes do not affect individual project deliverables, schedules and/or scope.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/bu/bgrd/backgroundfile-140491.pdf
Appendix A - Accelerations and Deferrals between 2019, 2020 and 2021
https://www.toronto.ca/legdocs/mmis/2019/bu/bgrd/backgroundfile-140492.pdf