Item - 2017.EX29.20
Tracking Status
- City Council adopted this item on December 5, 2017 without amendments.
- This item was considered by the Executive Committee on November 28, 2017 and adopted without amendment. It will be considered by City Council on December 5, 2017.
EX29.20 - 2018 Rate Supported Budgets - Toronto Parking Authority
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on December 5, 6, 7 and 8, 2017, adopted the following:
Capital Budget
1. City Council approve the 2018 Recommended Capital Budget for Toronto Parking Authority with a total project cost of $78.501 million, and 2018 cash flow of $57.241 million and future year commitments of $21.260 million comprised of the following:
a. New Cash Flow Funds for:
i. 34 new / change in scope sub-projects with a 2018 total project cost of $78.501 million that requires cash flow of $57.241 million in 2018 and future year cash flow commitment of $21.260 million for 2019; and
b. 2017 approved cash flow for 28 previously approved sub-projects with carry forward funding from 2017 into 2018 totalling $11.265 million.
2. City Council approve the 2019 - 2027 Recommended Capital Plan for Toronto Parking Authority totalling $433.869 million in project estimates, comprised of $96.579 million for 2019; $87.1 million for 2020; $57.450 million for 2021; $61.9 million for 2022; $35.7 million for 2023; $46.6 million for 2024; $29.5 million for 2025; $32.8 million for 2026, and $7.5 million in 2027.
3. City Council consider the operating savings of $0.866 million net in 2019; $1.664 million net in 2020; $1.570 million net in 2021; $1.0 million net in 2022; $1.085 million net in 2023; 0.581 million net in 2024, $0.791 million net in 2025; $0.462 million net in 2026; and $0.525 million net in 2027 resulting from the approval of the 2018 Recommended Capital Budget for inclusion in the 2018 and future year operating budgets.
4. City Council direct that all sub-projects with third party financing be approved conditionally, subject to the receipt of such financing in 2018 and if such funding is not forthcoming, their priority and funding be reassessed by City Council relative to other City-financed priorities and needs.
Operating Budget
5. City Council approve the 2018 Recommended Operating Budget for Toronto Parking Authority of $99.662 million gross, and ($66.538 million net) for the following services:
|
Service |
Gross ($000s) |
|
Net ($000s) |
|
Off-Street Parking |
81,695.6 |
|
(20,661.4) |
|
On-Street parking |
12,446.0 |
|
(46,287.3) |
|
Bike Share |
5,520.4 |
|
410.4 |
|
Total Program Budget |
99,662.1 |
|
(66,538.2) |
6. City Council approve the 2018 service levels for Toronto Parking Authority as outlined on pages 15, 17, and 19 of the 2018 Staff Recommended Operating Budget Notes - Toronto Parking Authority, and associated staff complement of 328.5 operating positions.
7. City Council direct the Acting President, Toronto Parking Authority to report back to the Executive Committee, through the Budget Committee, with a comprehensive strategy to address the funding for the Bike Share Program on a longer term basis, to inform the 2019 and future year Budget processes by March 31, 2018.
Public Notice Given
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-108973.pdf
(November 9, 2017) Report from the General Manager, Transportation Services on Revenue Impacts of Community Councils on Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109209.pdf
(October 27, 2017) Public Notice - 2018 Toronto Parking Authority Rates Toronto Municipal Code Chapter 441, Fees and Charges
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109210.pdf
(November 3, 2017) 2018 Staff Recommended Capital Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109211.pdf
(November 24, 2017) Revised 2018 Staff Recommended Capital Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109388.pdf
(November 3, 2017) 2018 Staff Recommended Operating Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109212.pdf
Motions (City Council)
Vote (Adopt Item) Dec-07-2017 7:43 PM
| Result: Carried | Majority Required - EX29.20 - Adopt the item |
|---|---|
| Total members that voted Yes: 37 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Sarah Doucette, John Filion, Paula Fletcher, Mary Fragedakis, Jim Hart, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, David Shiner, Michael Thompson, John Tory, Lucy Troisi, Kristyn Wong-Tam |
| Total members that voted No: 3 | Members that voted No are Frank Di Giorgio, Michael Ford, Josh Matlow |
| Total members that were Absent: 5 | Members that were absent are Justin J. Di Ciano, Mark Grimes, Michelle Holland, Giorgio Mammoliti, Cesar Palacio |
EX29.20 - 2018 Rate Supported Budgets - Toronto Parking Authority
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Public Notice Given
Committee Recommendations
The Executive Committee recommends that:
Capital Budget
1. City Council approve the 2018 Recommended Capital Budget for Toronto Parking Authority with a total project cost of $78.501 million, and 2018 cash flow of $57.241 million and future year commitments of $21.260 million comprised of the following:
a. New Cash Flow Funds for:
i. 34 new / change in scope sub-projects with a 2018 total project cost of $78.501 million that requires cash flow of $57.241 million in 2018 and future year cash flow commitment of $21.260 million for 2019;
b. 2017 approved cash flow for 28 previously approved sub-projects with carry forward funding from 2017 into 2018 totalling $11.265 million.
2. City Council approve the 2019 - 2027 Recommended Capital Plan for Toronto Parking Authority totalling $433.869 million in project estimates, comprised of $96.579 million for 2019; $87.1 million for 2020; $57.450 million for 2021; $61.9 million for 2022; $35.7 million for 2023; $46.6 million for 2024; $29.5 million for 2025; $32.8 million for 2026, and $7.5 million in 2027.
3. City Council consider the operating savings of $0.866 million net in 2019; $1.664 million net in 2020; $1.570 million net in 2021; $1.0 million net in 2022; $1.085 million net in 2023; 0.581 million net in 2024, $0.791 million net in 2025; $0.462 million net in 2026; and $0.525 million net in 2027 resulting from the approval of the 2018 Recommended Capital Budget for inclusion in the 2018 and future year operating budgets.
4. All sub-projects with third party financing be approved conditionally, subject to the receipt of such financing in 2018 and if such funding is not forthcoming, their priority and funding be reassessed by City Council relative to other City-financed priorities and needs.
Operating Budget
5. City Council approve the 2018 Recommended Operating Budget for Toronto Parking Authority of $99.662 million gross, and ($66.538 million net) for the following services:
|
Service |
Gross ($000s) |
|
Net ($000s) |
|
Off-Street Parking |
81,695.6 |
|
(20,661.4) |
|
On-Street parking |
12,446.0 |
|
(46,287.3) |
|
Bike Share |
5,520.4 |
|
410.4 |
|
Total Program Budget |
99,662.1 |
|
(66,538.2) |
6. City Council approve the 2018 service levels for Toronto Parking Authority as outlined on pages 15, 17, and 19 of the 2018 Staff Recommended Operating Budget Notes - Toronto Parking Authority, and associated staff complement of 328.5 operating positions.
7. City Council direct the Acting President, Toronto Parking Authority to report back to the Executive Committee, through the Budget Committee, with a comprehensive strategy to address the funding for the Bike Share Program on a longer term basis, to inform the 2019 and future year Budget processes by March 31, 2018.
Origin
Summary
The Budget Committee submits its recommendations on the 2018 Rate Supported Budgets - Toronto Parking Authority.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-108973.pdf
(November 9, 2017) Report from the General Manager, Transportation Services on Revenue Impacts of Community Councils on Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109209.pdf
(October 27, 2017) Public Notice - 2018 Toronto Parking Authority Rates Toronto Municipal Code Chapter 441, Fees and Charges
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109210.pdf
(November 3, 2017) 2018 Staff Recommended Capital Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109211.pdf
(November 24, 2017) Revised 2018 Staff Recommended Capital Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109388.pdf
(November 3, 2017) 2018 Staff Recommended Operating Budget Notes - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109212.pdf