Item - 2017.EX24.18
Tracking Status
- City Council adopted this item on April 26, 2017 without amendments and without debate.
- This item was considered by the Executive Committee on April 19, 2017 and adopted without amendment. It will be considered by City Council on April 26, 2017.
- See also BU31.1
EX24.18 - 2017 Capital Budget Adjustments for Carry Forward Funding
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on April 26, 27 and 28, 2017, adopted the following:
1. City Council approve additional carry forward funding of $426.534 million from unspent capital projects funding as detailed in Appendices 1a and 1b to the report (March 13, 2017) from the Deputy City Manager and Chief Financial Officer, in order to continue work on previously approved capital projects, and that the 2017 Approved Capital Budget for respective City Programs and Agencies be adjusted accordingly with no incremental impact on debt.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102373.pdf
(March 13, 2017) Report from the Deputy City Manager and Chief Financial Officer on 2017 Capital Budget Adjustments for Carry Forward Funding
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102360.pdf
Appendix 1a - Additional Carry Forward Funding by Program/Agency and Appendix 1b - Additional Carry Forward Funding by Project
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102361.pdf
EX24.18 - 2017 Capital Budget Adjustments for Carry Forward Funding
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council approve additional carry forward funding of $426.534 million from unspent capital projects funding as detailed in Appendix 1a and 1b to the report (March 13, 2017) from the Deputy City Manager and Chief Financial Officer, in order to continue work on previously approved capital projects, and that the 2017 Approved Capital Budget for respective City Programs and Agencies be adjusted accordingly with no incremental impact on debt.
Origin
Summary
The purpose of this report is to seek Council's approval for additional carry-forward funding adjustments of $426.534 million to the 2017 Approved Capital Budget. The recommended carry forward funding adjustments are in compliance with the City's Carryforward Policy and have no impact on the City's approved debt for 2017.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102373.pdf
(March 13, 2017) Report from the Deputy City Manager and Chief Financial Officer on 2017 Capital Budget Adjustments for Carry Forward Funding
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102360.pdf
Appendix 1a - Additional Carry Forward Funding by Program/Agency and Appendix 1b - Additional Carry Forward Funding by Project
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102361.pdf