TAMRMS#: B06
4.1
REQUEST FOR DECISION
title
Operating & Capital Carry Forwards & Completed Projects
Presented by: Suzanne Findlay, Manager Financial Services, Financial & Strategic Services
label
RECOMMENDED MOTION(S)
recommendation
1. That the 2025 Municipal Capital Carry Forward amount of $455.8 million, which includes a $4 thousand budget increase provided as attachment titled "Municipal Capital Projects - Carry Forward" be approved.
2. That the residual balances remaining in the 2025 Municipal Capital closed projects in the amount of $1.1 million provided as attachment titled "Municipal Capital Projects - Closed" be uncommitted within their respective funding sources.
3. That the 2025 Utility Capital Carry Forward amount of $117.7 million provided as attachment titled "Utility Capital Projects - Carry Forward" be approved.
4. That the residual balances remaining in the 2025 Utility Capital completed projects in the amount of $0.5 million provided as attachment titled "Utility Capital Projects - Closed" be uncommitted within their respective funding sources.
5. That the 2025 Municipal and Utility Operating Carry Forward amount of $5.9 million provided as attachment titled "Operating Carry Forwards" be approved.
6. That reserve balances be updated to reflect the realized net savings from completed Municipal and Utility Operating projects provided as attachment titled "Residual Balances of Completed Projects".
body
SUMMARY
This report provides Council with an overview of the Municipal and Utility Carry Forwards and Closed Projects for consideration of approval.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
Council Policy C-FS-11 Operating and Capital Carry Forwards and Closed Projects requires that all Operating Carry Forward requests and a list of Capital Carry Forward requests shall be provided to Council as part of the report on proposed year end transfers, for consideration and approval.
BACKGROUND AND DISCUSSION
Th...
Click here for full text