Item - 2018.EX34.18
Tracking Status
- City Council adopted this item on May 22, 2018 without amendments and without debate.
- This item was considered by the Executive Committee on May 14, 2018 and adopted without amendment. It will be considered by City Council on May 22, 2018.
EX34.18 - Facilities 2018 Capital Budget and 2019 - 2027 Capital Plan Adjustments and Accelerations / Deferrals (First Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 22, 23 and 24, 2018, adopted the following:
1. City Council authorize the reallocation of funds in Facilities, Real Estate, Environment and Energy's 2018 Council Approved Capital Budget in the amount of $1.675 million, as illustrated in Schedule A to the report (April 20, 2018) from the General Manager, Facilities Management, with zero gross and net debt impact.
2. City Council authorize the deferral and acceleration of funds in Facilities, Real Estate, Environment and Energy's 2018 Council Approved Capital Budget and 2019‑2027 Capital Plan in the amount of $1.8 million, as illustrated in Schedule B to the report (April 20, 2018) from the General Manager, Facilities Management, with zero gross and net debt impact.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114421.pdf
Schedule A - 2018 Capital Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114422.pdf
Schedule B - 2018 Deferrals/Accelerations
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114423.pdf
EX34.18 - Facilities 2018 Capital Budget and 2019 - 2027 Capital Plan Adjustments and Accelerations / Deferrals (First Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council authorize the reallocation of funds in Facilities, Real Estate, Environment and Energy's 2018 Council Approved Capital Budget in the amount of $1.675 million, as illustrated in Schedule A to the report (April 20, 2018) from the General Manager, Facilities Management, with zero gross and net debt impact.
2. City Council authorize the deferral and acceleration of funds in Facilities, Real Estate, Environment and Energy's 2018 Council Approved Capital Budget and 2019‑2027 Capital Plan in the amount of $1.8 million, as illustrated in Schedule B to the report (April 20, 2018) from the General Manager, Facilities Management, with zero gross and net debt impact.
Origin
Summary
The purpose of this report is to amend the Facilities, Real Estate, Environment and Energy (FREEE) 2018 Council Approved Capital Budget and 2019-2027 Capital Plan. The amendments will have zero gross and net debt impact and will better align 2018 and future cash flows with Facilities, Real Estate, Environment and Energy program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114421.pdf
Schedule A - 2018 Capital Budget Adjustments
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114422.pdf
Schedule B - 2018 Deferrals/Accelerations
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114423.pdf