|
Decision Letter |
|
Budget Committee |
| Meeting No. | 8 | Contact | Jennifer Forkes, Committee Administrator | |
| Meeting Date |
Tuesday, May 19, 2015 |
Phone | 416-392-4666 | |
| Start Time |
9:30 AM |
buc@toronto.ca | ||
| Location |
Committee Room 1, City Hall
|
Chair | Councillor Gary Crawford |
| BU8.7 | ACTION |
Adopted |
|
Ward:All |
| 2015 Capital Budget Adjustments for Sustainable Energy Plan |
| Committee Decision | |
The Budget Committee recommends that:
1. City Council authorize the reallocation of approved capital funding for the Lighting Retrofit Project in Parks, Forestry and Recreation arenas in the Sustainable Energy Plan's 2015 Capital Budget in the amount of $983,000 with a zero gross and net budget impact. |
|
| Origin |
| (May 4, 2015) Report from the Chief Corporate Officer |
| Summary |
This report requests City Council's authority to adjust the 2015 Approved Capital Budget for Sustainable Energy Plan (SEP) by reallocating approved capital funding from projects currently in the 2015 Approved Capital Budget that are being cancelled or can be deferred to the Lighting Retrofit Project in Parks, Forestry and Recreation arenas.
This budget adjustment will result in a zero gross and net impact to the 2015 Approved Capital Budget for SEP. This action will allow the City to direct funding to a conservation and demand management project that will have positive economic and environmental benefits on the City as a whole. |
| Background Information |
| (May 4, 2015) Report from the Chief Corporate Officer on 2015 Capital Budget Adjustments for Sustainable Energy Plan (http://www.toronto.ca/legdocs/mmis/2015/bu/bgrd/backgroundfile-79789.pdf) |