Toronto Water 2023 Capital Budget and 2024-2032 Capital Plan Adjustments

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The decision

2023-11-08 · Toronto City Council · adopted

As filed

City Council on November 8 and 9, 2023, adopted the following: 1. City Council authorize the reallocation of cashflows and corresponding funding within Toronto Water's approved 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $55.817 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (October 13, 2023) from the General Manager, Toronto Water, with a zero Budget impact.

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2. City Council authorize the reallocation of project costs, cashflows and corresponding funding in Toronto Water's 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $8.469 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 (October 13, 2023) 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 2023 Capital Budget and 2024-2032 Capital Plan by adjusting project cash flows contained within the Budget and Plan, to align forecasted project accelerations and deferrals. Additional reallocations to project cashflows and project costs are requested where project costs exceed the current approved cashflows and project costs. These reallocations will allow Toronto Water to continue to deliver projects within its capital plan.

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The adjustments will have a zero dollar impact on the 2023 Capital Budget and 2024-2032 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, Toronto Water recommends that: 1. City Council authorize the reallocation of cashflows and corresponding funding within Toronto Water's approved 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $55.817 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

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costs, cashflows and corresponding funding in Toronto Water's Approved 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $8.469 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.

Considered

2023-10-31 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council authorize the reallocation of cashflows and corresponding funding within Toronto Water's approved 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $55.817 million, for acceleration and deferral of projects, as presented in Schedule A (Parts A and B) to the report (October 13, 2023) from the General Manager, Toronto Water, with a zero Budget impact.
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2. City Council authorize the reallocation of project costs, cashflows and corresponding funding in Toronto Water's Approved 2023 Capital Budget and 2024-2032 Capital Plan in the amount of $8.469 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 (October 13, 2023) from the General Manager, Toronto Water, with a zero Budget impact.
2023-11-08 · Toronto City Council · adopted

On the record

The item as the City filed it

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