Item - 2017.EX24.21

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 BU31.4

EX24.21 - Fleet Services 2016 Year End Capital Budget Adjustment

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 authorize the reallocation of funds within the 2016 Approved Capital Budget for Fleet Services in the amount of $5.858 million, for the acceleration and deferral of projects, as presented in Appendix A to the report (March 8, 2017) from the General Manager, Fleet Services.

 

2.  City Council authorize the reallocation of funds within the 2017 Approved Capital Budget for Fleet Services in the amount of $5.858 million, for the acceleration and deferral of projects, as presented in Appendix B to the report (March 8, 2017) from the General Manager, Fleet Services.

Background Information (Committee)

(March 27, 2017) Letter from the Budget Committee on Fleet Services 2016 Year End Capital Budget Adjustment
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102357.pdf
(March 8, 2017) Report from the General Manager, Fleet Services on Fleet Services 2016 Year End Capital Budget Adjustment
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102367.pdf
Appendix A - Fleet Services Division 2016 Capital Year End Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102368.pdf
Appendix B - Fleet Services Division 2017 Capital Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102369.pdf

EX24.21 - Fleet Services 2016 Year End Capital Budget Adjustment

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Executive Committee recommends that:

 

1.  City Council authorize the reallocation of funds within the Fleet Services Division 2016 Approved Capital Budget in the amount of $5.858 million, for the acceleration and deferral of projects, as presented in Appendix A to the report (March 8, 2017) from the General Manager, Fleet Services.

 

2.  City Council authorize the reallocation of funds within the Fleet Services Division 2017 Approved Capital Budget in the amount of $5.858 million, for the acceleration and deferral of projects, as presented in Appendix B to the report (March 8, 2017) from the General Manager, Fleet Services.

Origin

(March 27, 2017) Letter from the Budget Committee

Summary

This report requests authority to amend the Fleet Services Division (FSD) Approved 2016 Capital Budget by adjusting cash flows contained within the Budget and Plan, respectively, to reflect the actual year end expenditures.  This will provide additional cash flow for projects with accelerated deliverables from cash flow drawn from underspent/deferred projects in 2016.  These adjustments will have a zero dollar impact on Fleet Services Division's 2016 Approved Capital Budget and will not impact Divisional vehicle and equipment requests in 2017.

Background Information

(March 27, 2017) Letter from the Budget Committee on Fleet Services 2016 Year End Capital Budget Adjustment
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102357.pdf
(March 8, 2017) Report from the General Manager, Fleet Services on Fleet Services 2016 Year End Capital Budget Adjustment
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102367.pdf
Appendix A - Fleet Services Division 2016 Capital Year End Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102368.pdf
Appendix B - Fleet Services Division 2017 Capital Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-102369.pdf

Motions

1 - Motion to Adopt Item moved by Councillor Gary Crawford (Carried)
Source: Toronto City Clerk at www.toronto.ca/council