Item - 2019.BU6.5

The Budget Committee recommends that:

1.  City Council authorize the reallocation of 2018 cash flow within Information and Technology's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $1.431 million, for acceleration and deferral of projects, as presented in Schedule A to the report (May 10, 2019) from the Chief Information Officer, with a zero budget impact.

2.  City Council authorize the reallocation of 2019 cash flows within Information and Technology's approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $1.431 million for the acceleration and deferral of projects, as presented in Schedule A to the report (May 10, 2019) from the Chief Information Officer, with a zero budget impact.

3.  City Council authorize the reallocation of cashflows and project costs in Information and Technology's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $0.565 million from projects that are currently under budget to those requiring additional funding in the same amount as presented in Schedule B to the report (May 10, 2019) from the Chief Information Officer, with a zero budget impact.

This report requests City Council's authority to amend Information and Technology's 2018 Capital Budget and 2019-2028 Capital Plan by adjusting project costs and cash flows contained within the Budget and Plan, respectively, to align with year-end expenditures and project progress. The adjustments will have a zero gross and net budget impact on the 2018 Capital Budget and 2019-2028 Capital Plan and will align the budget and plan with Information and Technology's capital project delivery schedule and program requirements.