Item - 2017.BU32.3
Tracking Status
- This item was considered by Budget Committee on May 11, 2017 and was adopted without amendment.
- See also EX25.14
BU32.3 - Facilities 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments and Accelerations / Deferrals (Second Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- 27 - Toronto Centre-Rosedale, 28 - Toronto Centre-Rosedale, 29 - Toronto-Danforth, 34 - Don Valley East
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 $1.262 million, as illustrated in Schedule A to the report (April 26, 2017) from the Chief Corporate Officer, with zero gross and debt impact.
2. City Council authorize the deferral and acceleration of funds in Facilities, Real Estate, Environment and Energy's 2017 Council Approved Capital Budget and 2018- 2026 Capital Plan in the amount of $1.480 million, as illustrated in Schedule B to the report (April 26, 2017) from the Chief Corporate Officer, with zero gross and net debt impact.
Origin
Summary
The purpose of this report is 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 and will better align 2017 and future cash flows with Facilities, Real Estate, Environment and Energy program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/bu/bgrd/backgroundfile-103334.pdf
Attachments - Schedule A - 2017 Budget Adjustments and Schedule B - Deferrals / Accelerations
https://www.toronto.ca/legdocs/mmis/2017/bu/bgrd/backgroundfile-103335.pdf