TAMRMS#: B09
6.1
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Review of 2018 and Prior Incomplete Capital Projects
Presented by: Diane McMordie, Director, Financial Services & Information Technology/CFO
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RECOMMENDED MOTIONS
recommendation
That Community Growth & Infrastructure Standing Committee recommend to Council that...
1. Seven Municipal Capital projects be closed and the residual balance of $350,244 as detailed in the document entitled "2018 and Prior Incomplete Capital Projects", provided as an attachment to the June 14, 2021 agenda report be uncommitted within their respective funding sources.
2. Two Utility Capital projects be closed and the residual balance of $3,483 as detailed in the document entitled "2018 and Prior Incomplete Capital Projects", provided as an attachment to the June 14, 2021 agenda report be uncommitted within their respective funding sources.
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PURPOSE OF REPORT
To provide Committee members with an updated status relating to 2018 and prior incomplete Capital projects.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
N/A.
ALIGNMENT TO COUNCIL (OR COMMITTEE) DIRECTION OR MANDATORY STATUTORY PROVISION
N/A.
At the February 16, 2021 CC meeting council mentioned to Administration to bring forward capital projects that are incomplete.
BACKGROUND AND DISCUSSION
As per Council Policy C-FS-11, Operating and Capital Carry Forwards Policy:
Any operational or capital project that has not been completed during its budgeted fiscal year shall be brought forward for consideration as part of Administration’s report on proposed year end transfers, and all projects shall be subject to a maximum carry-forward deadline.
The purpose of a capital carry forward is to ensure that there is adequate funding available to complete Council approved capital projects overlapping budget years.
At the February 16, 2021 meeting...
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