Facilities 2019 Capital Budget and 2020 - 2028 Capital Plan Adjustments and Accelerations / Deferrals (Second Quarter)

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The decision

2019-05-29 · Budget Committee · adopted

As filed

The Budget Committee recommends that: 1. City Council authorize the deferral and acceleration of funds in Facilities, Real Estate, Environment and Energy's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan in the amount of $1.699 million, as detailed in Attachment 1 to the report (May 7, 2019) from the Interim General Manager, Facilities Management, with zero gross and net debt impact.

On the agenda

As the city filed it

The purpose of this report is to amend the Facilities, Real Estate, Environment and Energy 2019 Council Approved Capital Budget and 2020-2028 Capital Plan. The amendments will have zero gross and net debt impact and will better align 2019 and future cash flows with Facilities, Real Estate, Environment and Energy program requirements.

Staff recommended

The Interim General Manager, Facilities Management recommends that: 1. City Council authorize the deferral and acceleration of funds in Facilities, Real Estate, Environment and Energy's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan in the amount of $1.699 million, as detailed in Attachment 1 "Schedule A - 2019 Second Quarter Capital Budget Deferrals/Acceleration", with zero gross and net debt impact.

On the record

The item as the City filed it