Adjustment to the 1999 Approved Budget

of the Environmental Task Force

The Policy and Finance Committee recommends the adoption of the following report (June 29, 1999) from the Chair of the Environmental Task Force:

Purpose:

The purpose of this report is to request City Council to adjust the 1999 operating estimates of the Environmental Task Force to reflect additional revenues received from external organizations supporting Task Force activities, specifically Toronto Hydro, Toronto District Heating Corporation and Enbridge Consumers Gas.

Financial Implications:

There are no net financial implications arising from this report.

Recommendations:

It is recommended that City Council increase the Environmental Task Force 1999 operating estimates to $150,000.00 gross from $65,000.00 gross to reflect additional funds committed by other organizations, subject to the receipt of such funds.

Council Reference/Background/History:

At its meeting on April 29, 1999, City Council approved a 1999 operating estimate of $65,000.00 for the Environmental Task Force through the adoption of Clause 1 of Report 8 of the Strategic Policies and Priorities Committee.

Comments:

In addition to the $65,000.00 operating budget approved by City Council, the Environmental Task Force has been able to arrange for firm commitments of $65,000.00 in additional funding to assist with carrying out the Task Force work program. A further $20,000.00 in funding is anticipated. This report requests Council to adjust the 1999 approved operating estimates of the Task Force to up to $150,000.00 gross and $65,000.00 net to reflect these additional funding commitments, provided the funds are received.

Contact Name and Telephone Number:

Carol Mee, Project Manager, Environmental Task Force, Phone (416) 396- 7450.