City of Toronto Logo Decision Letter

 



Budget Committee


Meeting No. 38   Contact Kelly McCarthy, Committee Administrator
Meeting Date Friday, January 18, 2013
  Phone 416-397-7796
Start Time 9:30 AM
  E-mail buc@toronto.ca
Location Committee Room 1, City Hall
     

BU38.4 

ACTION

Adopted 

 

Ward:All 

2012 In-Year Technical Capital Budget Adjustments
Committee Decision

The Budget Committee recommends to the Executive Committee that:

 

1.         City Council approve in-year technical budget adjustments resulting in the deferral of $326.898 million from the approved 2012 budget into future year cash flow commitments (including related funding impacts) as outlined in Appendix A attached to the report (December 21, 2012) from the Chief Financial and Administration Officer, Toronto Transit Commission.

 

2.         City Council approve the application of additional funds from maturing reserve accounts including a net increase of $1.189 million in the Ontario Rolling Stock Infrastructure Funding (ORSIF) Reserve Funds XR3024 and an increase of $0.048 million in the Golden Horseshoe Transit Investment Partnership (GTIP) Reserve Funds XR3023.

Origin
(December 21, 2012) Report from the Chief Financial and Administration Officer, Toronto Transit Commission
Summary

At its meeting on Wednesday, December 19, 2012 the Toronto Transit Commission considered the attached report entitled, "2012 In-Year Technical Capital Budget Adjustments”.

Background Information
(December 21, 2012) Letter from the Chief Financial and Administration Officer, Toronto Transit Commission on the 2012 In-Year Technical Capital Budget Adjustments
(http://www.toronto.ca/legdocs/mmis/2013/bu/bgrd/backgroundfile-55367.pdf)