Toronto Water 2018 Year End Capital Budget and 2019-2028 Capital Plan Adjustments

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The decision

2019-05-14 · Toronto City Council · adopted

As filed

City Council on May 14 and 15, 2019, adopted the following: 1. City Council authorize the reallocation of 2018 cashflows within Toronto Water's Approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact. 2. City Council authorize the reallocation of 2019, 2020 and 2021 cashflows within Toronto Water's Approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.

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3. City Council authorize the reallocation of 2018 cashflows and project costs in Toronto Water's Approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $5.827 million from projects that have been completed or awarded under budget to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.

On the agenda

As the city filed it

This report requests City Council's authority to amend Toronto Water's Approved 2018 Capital Budget by adjusting project costs and cash flows to align with year-end expenditures and project progress. The adjustments will have a zero dollar impact on the 2018 Capital Budget. This report requests City Council's authority to amend Toronto Water's Approved 2019 Capital Budget and 2020-2028 Capital Plan by adjusting project costs and cash flows contained within the Budget and Plan, respectively, to align the 2019 Capital Budget with the final 2018 capital expenditures and project progress.

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The adjustments will have a zero dollar impact on the 2019 Capital Budget and 2020-2028 Capital Plan and will align the budget and plan with Toronto Water's capital project delivery schedule and program requirements.

Staff recommended

The Budget Committee recommends that: 1. City Council authorize the reallocation of 2018 cashflows within Toronto Water's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact. 2. City Council authorize the reallocation of 2019, 2020 and 2021 cashflows within Toronto Water's approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.

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3. City Council authorize the reallocation of 2018 cashflows and project costs in Toronto Water's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $5.827 million from projects that have been completed or awarded under budget to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.

Considered

2019-05-01 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council authorize the reallocation of 2018 cashflows within Toronto Water's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact. 2. City Council authorize the reallocation of 2019, 2020 and 2021 cashflows within Toronto Water's approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $77.299 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.
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3. City Council authorize the reallocation of 2018 cashflows and project costs in Toronto Water's approved 2018 Capital Budget and 2019-2027 Capital Plan in the amount of $5.827 million from projects that have been completed or awarded under budget to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (April 1, 2019) from the General Manager, Toronto Water, with a zero Budget impact.
2019-05-14 · Toronto City Council · adopted

On the record

The item as the City filed it