Toronto Water 2019 Year End Capital Budget and 2020-2029 Capital Plan Adjustments

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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 2019 cashflows within Toronto Water's Approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $81.506 million, for acceleration and deferral of projects, as presented in Schedule A (Part A & B) to the report (May 21, 2020) from the General Manager, Toronto Water, with a zero Budget impact. 2. City Council authorize the reallocation of 2020 and 2021 cashflows within Toronto Water's Approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $81.506 million, for acceleration and deferral of projects, as presented in Schedule A (Part A & B) to the report (May 21, 2020) from the General Manager, Toronto Water, with a zero Budget impact.

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3. City Council authorize the reallocation of 2019 cashflows and project costs in Toronto Water's Approved 2019 Capital Budget and 2020-2029 Capital Plan in the amount of $2.202 million from projects that have been completed under budget to those requiring additional funding in the same amount as presented in Schedule A (Part C) to the report (May 21, 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 2019 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 2019 Capital Budget. This report requests City Council's authority to amend Toronto Water's Approved 2020 Capital Budget and 2021-2029 Capital Plan by adjusting project costs and cashflows contained within the Budget and Plan, respectively, to align the 2020 Capital Budget and 2021-2029 Capital Plan with the final 2019 capital expenditures and project progress.

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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 Manger of Toronto Water recommends that: 1. City Council authorize the reallocation of 2019 cashflows within Toronto Water's approved 2019 Capital Budget and 2020-2028 Capital Plan in the amount of $81.506 million, for acceleration and deferral of projects, as presented in Schedule A (Part A & B), with a zero Budget impact. 2. City Council authorize the reallocation of 2020 and 2021 cashflows within Toronto Water's approved 2020 Capital Budget and 2021-2029 Capital Plan in the amount of $81.506 million, for acceleration and deferral of projects, as presented in Schedule A (Part A & B), with a zero Budget impact.

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3. City Council authorize the reallocation of 2019 cashflows and project costs in Toronto Water's approved 2019 Capital Budget and 2020-2029 Capital Plan in the amount of $2.202 million from projects that have been completed under budget 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

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