Toronto Water 2020 Capital Budget and 2021-2029 Capital Plan Adjustments

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2020-05-28 · Toronto City Council · adopted

As filed

City Council on May 28, 2020, adopted the following: 1. City Council authorize the reallocation of cashflows within Toronto Water's Approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $2.775 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report (May 20, 2020) from the General Manager, Toronto Water, with a zero Budget impact. 2. City Council authorize

Show the rest of As filed, 407 more characters as filed

the reallocation of project costs and cashflows in Toronto Water's Approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $5.136 million from projects that have been awarded under budget or completed to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (May 20, 2020) 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 2020 Capital Budget and 2021-2029 Capital Plan by adjusting project cash flows contained within the Budget and Plan, respectively, to align forecasted project accelerations and deferrals. Additional reallocations to project cashflows and project costs are requested where additional project costs exceed the current approved cashflow. These reallocations will allow Toronto Water to continue to deliver projects within its capital plan.

Show the rest of As the city filed it, 216 more characters as filed

The adjustments will have a zero dollar impact on the 2020 Capital Budget and 2021-2029 Capital Plan and will align the budget and plan with Toronto Water's capital project delivery schedule and program requirements.

Staff recommended

The General Manager of Toronto Water recommends that: 1. City Council authorize the reallocation of cashflows within Toronto Water's approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $2.775 million, for acceleration and deferral of projects, as presented in Schedule A (Part A and B) to the report, with a zero Budget impact. 2. City Council authorize the reallocation of project costs and cashflows

Show the rest of Staff recommended, 290 more characters as filed

in Toronto Water's approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $5.136 million from projects that have been awarded under budget or completed to those requiring additional funding in the same amount as presented in Schedule A (Part C), with a zero Budget impact.

On the record

The item as the City filed it

More from this meeting

The whole meeting