Item - 2017.RA6.3
Tracking Status
- This item was considered by CreateTO on November 27, 2017 and was adopted with amendments.
RA6.3 - Toronto Realty Agency 2018 Operating Budget Request
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Board Decision
The Toronto Realty Agency recommends to the Budget Committee that:
1. City Council approve an increase of $879,000 contingency fund to the staff recommended Operating Budget Request for Human Resources purposes and professional services and that the Board must give prior approval to the expenditure of funds from this contingency fund.
2, City Council approve the staff recommended Toronto Realty Agency's 2018 Operating Budget request of $11.434 million gross, and $0 net, as amended by Recommendation 1 above.
Decision Advice and Other Information
The following gave a presentation to the Toronto Realty Agency on the 2018 Operating Budget Request:
- the Director, Business Performance Management, Chief Corporate Office; and
- the Chief Financial Officer, Build Toronto, Finance Lead for Toronto Realty Agency.
Origin
Summary
The purpose of this report is to present the 2018 Operating Budget for the Toronto Realty Agency (TRA) for review and approval by the Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ra/bgrd/backgroundfile-108969.pdf
(November 27, 2017) Presentation from the Deputy City Manager, Internal Corporate Services on the Toronto Realty Agency 2018 Budget Presentation
https://www.toronto.ca/legdocs/mmis/2017/ra/bgrd/backgroundfile-109433.pdf
Motions
That the Board recommend to the Budget Committee that:
1. City Council approve an additional $879,000 contingency fund for Human Resources purposes and professional services and that the Operating Budget request of the Toronto Realty Agency be amended accordingly.
2. The Board must give prior approval to the expenditure of funds from this contingency fund.
That the recommendation in the report (November 13, 2017) from the Deputy City Manager, Internal Corporate Services be amended by deleting "$12.189 million" and replacing it with "$11.434", so that it now reads:
1. The Toronto Realty Agency recommend City Council approve the Toronto Realty Agency's 2018 Operating Budget request of $11.434 million gross, and $0 net.