May 25, 1998
To:Budget Committee
From:Wanda Liczyk, Treasurer and Chief Financial Officer
Subject:Funding of additional $9.103 million capital projects approved for Transportation.
Purpose:
To identify the source of funding of the additional $9.103 million approved by Council in the Transportation capital
budget.
Funding Sources, Financial Implications and Impact Statement:
The projects are to be funded as indicated below.
Recommendations:
It is recommended that the uncommitted revenue from the sale of property assets be used to fund the additional $9.103
million approved by Council.
Background:
In clause 2 of the agenda before Budget Committee today, is a report addressing the programs under way to expedite the
disposal of land and reduction of leases. Out of the total anticipated proceeds, the Commissioner of Corporate Services
has identified, in a memorandum to the CAO, the specific uncommitted revenues that could be made available to fund
the additional Transportation capital projects of $9.103 million approved by Council. (Copy of the memorandum is
attached).
Comments:
Council, in approving the 1998 capital budget for Transportation, amended the proposed Transportation budget by
$9.103 million for the following projects, in order of priority:
$ million
(1)Bridge Construction $ 1.530
(2)F.G. Gardiner Expressway$ 2.000
(3)Bridge Construction$ 1.350
(4)Road Resurfacing$ 3.323
(5)Traffic Control$ 0.400
(6)Safety and Operational Improvement$ 0.500
Total$ 9.103
The specific work to be undertaken, as identified by the Transportation department, is as follows:
(1)Bridge construction on York Mills road from the Don river to east of Don Mills Road and the W.R. Allen Underpass
at Elm Ridge drive, both at an estimated gross cost of $1.53 million (project : city #055).
(2)F.G.Gardiner Expressway bent repair and rehabilitation of the supporting columns from Jarvis Street to Cherry Street
at an estimated cost of $2.0 million (project: city #180).
(3)Bridge construction on Lawrence Avenue West from the Humber River to east of Scarlett Road at an estimated cost
of $1.35 million (project: city #055).
(4)Road resurfacing at 4 locations (project: city #396).
(5)Traffic Control which includes $100 thousand for the installation of audible signals and $300 thousand for the
replacement and/or upgrade of old traffic plant. (projects: city #037 and #031).
(6)Safety and Operational improvement includes miscellaneous works to improve the pedestrian and vehicular safety on
arterial roads (project: city # 380).
The historical spending pattern, on a gross basis, over the last five years, from 1993 to 1997, is an average of $85.1
million. On a comparable basis, the 1998 approved estimate for city wide projects is $77.3 million on a gross basis
which is $7.8 million lower than the five year historical spending average. Excluding projects funded under the Federal
Provincial Municipal (FPM) program and more recently, in 1997, the Canada Ontario Infrastructure Works (COIW)
program this average is reduced to $69.7 million on a gross basis. The 1998 approved city wide estimate is $7.6 million
higher than this average.
The 1998 estimate of $77.3 million includes an amount $33.0 million solely on the Humber bridges project approved by
the former Metro Council in 1997. This leaves only $44.3 million for all other city wide projects. Given the previous
spending average of $85.1 million gross annually, as indicated above, combined with the commitment of $33.0 million
for Humber bridges, it is anticipated that the department will not experience any significant under expenditure in the
program.
Conclusions:
This report identifies the funding of the additional $9.103 million approved in the Transportation capital program and
provides background information on the historical spending patterns of the program to assess overall reasonableness of
the additional amounts approved.
Contact Name:
Shekhar Prasad, 392-8095, Fax 392-3649
Internet: shekhar_prasad@metrodesk.metrotor.on.ca
W.A. Liczyk
Chief Financial Officer and Treasurer
