TAMRMS#: B06
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Budget Amendment - Railroad Safety Enhancement Grant
Presented by: Diane McMordie, Director of Financial Services
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RECOMMENDATION(S)
recommendation
That the budget for project 415102, Rail Safety Enhancement, be amended by increasing the net revenue and expense budgets by $202,400 to recognize newly secured grant funding of $500,000 and, that the excess Pay As You Go (PAYG) funding of $297,600 be uncommitted from this project and made available for future Council initiatives.
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PURPOSE OF REPORT
To obtain Council approval to increase the budget for 415102 Rail Safety Enhancement to recognize new secured grant funding.
ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
N/A
ALIGNMENT TO ADMINISTRATIVE PRIORITY
N/A
ALIGNMENT TO SERVICE DELIVERY
Service Name: Financial Planning
Definition: Stewardship of the development of annual operating and capital budgets for Municipal and Utility Operations.
Service Component: Municipal Operating Budget Development
COUNCIL DIRECTION
Project charter COUN-001 Railroad Safety Enhancement was approved as part of the 2015 Capital budget to address the issue of Railway Safety Enhancements. $450,000 was approved for the completion of fencing along Meadowview and Riel Drive crossings.
On September 19, 2016 Council passed the following motion:
(BL-16-001) That Administration consolidate funding account 415102 (COUN-001) valued at $438,145 remaining, account 413412 (COUN-001) valued at $250,000 remaining, and account 412101 (COUN-002) valued at $32,133 remaining, to a single source account and proceed with necessary Capital Improvements as outlined in "Summary of Railway Crossing Improvements" to the September 19, 2016 Agenda Report entitled "Non Statutory Public Hearing - Whistle Cessation Bylaw 15/2016", to meet 2014 updates to Transport Canada Standards for at grade railway crossings and installation of required fencing for whistle cessation; and That Administration proceed with applying to Transport ...
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