Item - 2019.BU8.9
Tracking Status
- This item was considered by Budget Committee on September 6, 2019 and was adopted without amendment.
- See also EX8.19
BU8.9 - Transportation Services 2019 Capital Budget and 2020-2028 Capital Plan Adjustments
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Budget Committee recommends to the Executive Committee that:
1. City Council amend the Transportation Services' Approved 2019 Capital Budget to reallocate funds in the amount of $1.235 million gross for funding of projects with a zero budget impact, as presented in Attachment 1 to the report (August 22, 2019) from the General Manager, Transportation Services.
2. City Council amend the Transportation Services' Approved 2019-2028 Capital Budget and Plan to reallocate cash flows in the amount of $96.185 million gross from 2019 to 2020 and beyond with a zero budget impact to the approved ten year budget and plan, as presented in Attachment 2 to the report (August 22, 2019) from the General Manager, Transportation Services.
Origin
Summary
This report requests City Council’s authority to amend Transportation Services' Approved 2019 Capital Budget and 2020-2028 Capital Plan by reallocating cash flows within the 2019 Budget and ten year Capital Plan.
These reallocations will have a zero budget impact to the Transportation Services' Approved 2019-2028 Capital Budget and Plan and will align program requirements and project delivery schedules resulting in improved spending rates.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/bu/bgrd/backgroundfile-136704.pdf