Item - 2017.BU31.3

Tracking Status

This item was considered by Budget Committee on March 27, 2017 and was adopted without amendment.

BU31.3 - Facilities 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (the First Quarter)

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Budget Committee recommends that:

1. City Council authorize the reallocation of funds in Facilities, Real Estate, Environment and Energy's 2017 Council Approved Capital Budget in the amount of $1.343 million, as illustrated in Schedule A to the report (March 8, 2017) from the Chief Corporate Officer, with zero gross and net debt impact.

Origin

(March 8, 2017) Report from the Chief Corporate Officer

Summary

This report requests authority to amend the Facilities, Real Estate, Environment and Energy (FREEE) 2017 Council Approved Capital Budget and 2018-2026 Capital Plan. The amendments will have zero gross and net debt impact corporately and will better align 2017 and future cash flows with Facilities, Real Estate, Environment and Energy program requirements.

Background Information

(March 8, 2017) Report from the Chief Corporate Officer on Facilities 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (the First Quarter)
https://www.toronto.ca/legdocs/mmis/2017/bu/bgrd/backgroundfile-101724.pdf
Revised Schedule A - 2017 Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/bu/bgrd/backgroundfile-101725.pdf

Motions

1 - Motion to Adopt Item moved by Councillor Shelley Carroll (Carried)