TAMRMS#: B06
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Capital Carry Forwards & Completed Projects
Presented by: Anne Victoor, Manager Financial Services
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RECOMMENDATION(S)
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1. That the 2018 Municipal Capital Carry Forward amount of $103.6 million, which includes a $391 thousand net budget increase, as detailed in the document entitled “Municipal Capital Projects - Carry Forward”, provided as an attachment to the February 19, 2019 agenda report entitled “Capital Carry Forwards & Completed Projects”, be approved.
2. That the residual balance remaining in the 2018 Municipal Capital closed projects in the amount of $19.5 million as detailed in the document entitled "Municipal Capital Projects - Closed", provided as an attachment to the February 19, 2019 agenda report entitled “Capital Carry Forwards & Completed Projects”, be uncommitted within their respective funding source.
3. That the 2018 Utility Capital Carry Forward amount of $84.6 million, which includes a $70 thousand budget increase, as detailed in the document entitled "Utility Capital Projects - Carry Forward”, provided as an attachment to the February 19, 2019 agenda report entitled “Capital Carry Forwards & Completed Projects”, be approved.
4. That the residual balance remaining in the 2018 Utility Capital completed projects in the amount of $45 thousand as detailed in the document entitled "Utility Capital Projects - Closed", provided as an attachment to the February 19, 2019 agenda report entitled “Capital Carry Forwards & Completed Projects”, be uncommitted within their respective funding source.
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PURPOSE OF REPORT
This report provides Council with an overview of the 2018 Municipal and Utility Capital Carry Forwards and Closed Projects for consideration.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
N/A
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
N/A
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
As per Council Policy C-FS-11, Operating and Capital Carry Forwards Policy:
An...
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