Item - 2017.EX25.16
Tracking Status
- This item was considered by Executive Committee on May 16, 2017. The Executive Committee has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
- See also BU32.5
EX25.16 - Toronto Public Library 2016 Year End Capital Budget and 2017 Capital Budget Adjustments
- Decision Type:
- ACTION
- Status:
- Referred
- Wards:
- All
Committee Decision
The Executive Committee:
1. Referred the item to the Deputy City Manager and Chief Financial Officer and requested that he consult with the City Librarian on the requested adjustments to the Toronto Public Library Capital Budget and Plan and if necessary, report back as part of the 2016 Year-end Variance Report.
Origin
Summary
This report requests authority to amend the Toronto Public Library (TPL) Council Approved 2016 Capital Budget and 2017 Capital Budget by adjusting cash flows contained within the Budgets to align with actual 2016 year-end expenditures and project progress for three capital projects. The adjustments are due to timing differences and will increase the 2016 Capital Budget and decrease the 2017 Capital Budget by $2.908 million gross ($2.847 million debt and $0.061 million development charges (DC) funding), with a zero budget impact on each project's overall cost.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-103551.pdf
Appendix A - Toronto Public Library 2016 Capital Year End Budget Adjustments and 2017 Capital Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-103552.pdf
Motions
That the item be referred to the Deputy City Manager and Chief Financial Officer and request that he consult with the City Librarian on the requested adjustments to the Toronto Public Library Capital Budget and Plan and if necessary, report back as part of the 2016 Year-end Variance Report.
Declared Interests
Councillor James Pasternak - as his spouse is an employee of the Toronto Public Library.
16a - Toronto Public Library 2016 Year End Capital Budget and 2017 Capital Budget Adjustments
Origin
Summary
At its meeting of May 11, 2017, the Budget Committee:
1. Referred the item to the Deputy City Manager and Chief Financial Officer and requested that he consult with the City Librarian on the requested adjustments to the Toronto Public Library Capital Budget and Plan and if necessary, report back as part of the 2016 Year-end Variance Report.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-103827.pdf