Item - 2017.BU33.7

The Budget Committee recommends that:

1.  City Council authorize the reallocation of funds within Transportation Services' 2017 Capital Budget in the amount of $2.730 million gross and $0 debt, for funding of projects, as presented in Attachment 1 to the report (May 30, 2017) from the General Manager, Transportation Services.

2.  City Council authorize the reallocation of funds from Transportation Services' 2017 Capital Budget to Toronto Transit Commission's 2017 Capital Budget in the amount of $0.850 million gross and $0.425 million debt for funding of bicycle parking projects, as presented in Attachment 1 to the report (May 30, 2017) from the General Manager, Transportation Services.

This report requests City Council's authority to amend Transportation Services' 2017 Capital Budget by adjusting cash flows contained within the 2017 Capital Budget to align with project delivery schedule and program requirements. These reallocations will allow Transportation Services to continue to deliver projects within its Capital Plan.

The report also requests City Council's authority to amend the Toronto Transit Commission's (TTC) 2017 Capital Budget by reallocating the portion of Transportation Services' Public Transit Infrastructure Fund (PTIF) program for bicycle parking at 40 rapid transit stations supporting multi-modal trips. The reallocation will result in an overall reduction of $0.850 million gross and $0.425 million debt to Transportation Services' 2017 Capital Budget, and an increase of $0.850 million gross and $0.425 million debt to Toronto Transit Commission's 2017 Capital Budget.