The Public GalleryToronto

Budget Committee · 2019-06-17 · 2019.BU7.9

The filed record

Toronto Public Library - 2019 Capital Budget and 2020-2028 Capital Plan Accelerations/Deferrals (Second Quarter)

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This report requests City Council's authority to amend the Toronto Public Library 2019 Council Approved Capital Budget and 2020-2028 Capital Plan by adjusting cash flows contained within the 10-Year Capital Plan, respectively, to align forecasted project accelerations and deferrals. The adjustments will have a zero debt impact on the 2019 Capital Budget and 2020-2028 Capital Plan and will align the 2019 Capital Budget to Toronto Public Library's capital project delivery schedule and program requirements.

Staff recommended

The City Librarian recommends that: 1. City Council authorize the acceleration and deferral of cash flows within the projects in Toronto Public Library's 2019 Council Approved Capital Budget and future year commitments in the amount of $1.078 million, as included in Attachment 1 "Accelerations/Deferrals - Toronto Public Library 2019 Capital Budget and 2020-2028 Capital Plan Adjustments", with zero gross and debt budget impact.

Considered

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