Item - 2022.EX34.34
Tracking Status
- City Council adopted this item on July 19, 20, 21 and 22, 2022 with amendments.
- This item was considered by the Executive Committee on July 12, 2022 and adopted without amendment. It will be considered by City Council on July 19, 20, 21 and 22, 2022.
EX34.34 - Toronto Water 2022 Capital Budget and 2023-2031 Capital Plan Adjustments
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
City Council Decision
City Council on July 19, 20, 21 and 22, 2022, adopted the following:
1. City Council authorize the reallocation of cashflows within the 2022 Approved Capital Budget and 2023-2031 Capital Plan for Toronto Water in the amount of $23.798 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report (June 9, 2022) from the General Manager, Toronto Water, with a zero Budget impact.
2. City Council authorize the reallocation of project costs and cashflows in the 2022 Approved Capital Budget and 2023-2031 Capital Plan for Toronto Water in the amount of $28.915 million from projects that have been awarded under budget or completed to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (June 9, 2022) from the General Manager, Toronto Water, with a zero Budget impact.
3. City Council amend the 2022-2031 Capital Budget and Plan for Toronto Water by converting previously approved future estimates for the 10 Year Engineering Project and increasing total project costs by $69.750 million in 2022 and cash flow commitments by $7.750 million, $18.000 million, $18.000 million, $18.000 million, $2.500 million and $1.500 million in 2023, 2024, 2025, 2026, 2027 and 2028 respectively, funded by Toronto Water Capital Financing Reserve Funds for Water and Wastewater ($69.750 million) as presented in Schedule A, Part D to the report (June 9, 2022) from the General Manager, Toronto Water.
4. City Council request the General Manager, Toronto Water, to consider including the scope of project 19-24, Storm Sewer Replacement along Model Avenue with other scheduled local infrastructure improvement work where appropriate and to reflect this in the 2023 Toronto Water Budget submission.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2022/ex/bgrd/backgroundfile-227769.pdf
Attachment 1 - Schedule A, Parts A to D
https://www.toronto.ca/legdocs/mmis/2022/ex/bgrd/backgroundfile-227756.pdf
Motions (City Council)
That:
1. City Council request the General Manager, Toronto Water, to consider including the scope of project 19-24, Storm Sewer Replacement along Model Avenue with other scheduled local infrastructure improvement work where appropriate and to reflect this in the 2023 Toronto Water Budget submission.
Vote (Amend Item (Additional)) Jul-20-2022 5:15 PM
| Result: Carried | Majority Required - EX34.34 - Pasternak - motion 1 |
|---|---|
| Total members that voted Yes: 21 | Members that voted Yes are Paul Ainslie, Ana Bailão, Brad Bradford, Robin Buxton Potts, Shelley Carroll, Mike Colle, Gary Crawford, John Filion, Mark Grimes, Stephen Holyday, Cynthia Lai, Mike Layton, Nick Mantas, Jennifer McKelvie, Joe Mihevc, Frances Nunziata (Chair), James Pasternak, Anthony Perruzza, Jaye Robinson, Michael Thompson, John Tory |
| Total members that voted No: 1 | Members that voted No are Gord Perks |
| Total members that were Absent: 3 | Members that were absent are Paula Fletcher, Josh Matlow, Denzil Minnan-Wong |
EX34.34 - Toronto Water 2022 Capital Budget and 2023-2031 Capital Plan Adjustments
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council authorize the reallocation of cashflows within Toronto Water’s approved 2022 Capital Budget and 2023-2031 Capital Plan in the amount of $23.798 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report (June 9, 2022) from the General Manager, Toronto Water, with a zero Budget impact.
2. City Council authorize the reallocation of project costs and cashflows in Toronto Water's Approved 2022 Capital Budget and 2023-2031 Capital Plan in the amount of $28.915 million from projects that have been awarded under budget or completed to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (June 9, 2022) from the General Manager, Toronto Water, with a zero Budget impact.
3. City Council amend the 2022-2031 Capital Budget and Plan for Toronto Water by converting previously approved future estimates for the 10 Year Engineering Project and increasing total project costs by $69.750 million in 2022 and cash flow commitments by $7.750 million, $18.000 million, $18.000 million, $18.000 million, $2.500 million and $1.500 million in 2023, 2024, 2025, 2026, 2027 and 2028 respectively, funded by Toronto Water Capital Financing Reserve Funds for Water and Wastewater ($69.750 million) as presented in Schedule A, Part D to the report (June 9, 2022) from the General Manager, Toronto Water.
Origin
Summary
This report requests City Council's authority to amend Toronto Water's Approved 2022 Capital Budget and 2023-2031 Capital Plan by adjusting project cash flows contained within the Budget and Plan, respectively, to align forecasted project accelerations and deferrals. Additional reallocations to project cashflows and project costs are requested where project costs exceed the current approved cashflows and project costs. These reallocations will allow Toronto Water to continue to deliver projects within its capital plan. The adjustments will have a zero dollar impact on the 2022 Capital Budget and 2023-2031 Capital Plan and will align the budget and plan with Toronto Water's capital project delivery schedule and program requirements.
In addition, City Council's authority is requested to amend Toronto Water's Approved 2022 Capital Budget and 2023-2031 Capital Plan by converting already approved future year cost estimates and increasing project costs and cashflow commitments in order to support the engineering services required for the delivery of planned 2024-2026 Watermain, Sewer and Water Service Replacement projects, scheduled to be awarded ahead of schedule in late 2022.
Background Information
https://www.toronto.ca/legdocs/mmis/2022/ex/bgrd/backgroundfile-227769.pdf
Attachment 1 - Schedule A, Parts A to D
https://www.toronto.ca/legdocs/mmis/2022/ex/bgrd/backgroundfile-227756.pdf