FINANCE AND ADMINISTRATIVE COMMITTEE
	TO:	Mayor and Members of Council
	FROM:	Andy Taylor, Commissioner of Corporate Services Barb Cribbett, Treasurer
	PREPARED BY:	Joel Lustig, Director Financial and Client Services
	DATE OF MEETING:	2004-Mar-22
	SUBJECT:	2004 Capital and Other Programs Budget (Part A)

RECOMMENDATION:

THAT the report dated March 22, 2004 entitled “2004 Capital and Other Programs Budget (Part A)" be received;

AND THAT Council approve the 2004 Capital and Other Programs Budget (Part A) totalling $80,138,881 the funding and details of which are listed in Appendix A;

AND THAT the 2004 Capital and Other Programs Budget (Part A), in the amount of $80,138,881, be funded from the sources outlined in Appendix B.

BACKGROUND:

At the March 5^th, 2004 Budget Sub-Committee meeting, approval was given to recommend to Finance and Administrative Committee the Staff Recommended 2004 Capital & Other Programs Budget of $80,138,881 The details of the 2004 Capital & Other Programs Budget are included in Appendix A of this report.

This report is considered to be Part A as the Budget Sub-Committee will finalize an "Enhanced Capital & Other Programs Budget" (Part B) at a future Sub-Committee meeting. The combination of Part A & Part B will make up the final 2004 Capital and Other Programs Budget for the Town of Markham.

At the March 9^th Council meeting, selected projects from Appendix A that are time-sensitive in nature were pre-approved. The pre-approval of the projects at the March 9^th Council meeting has 3 main advantages:

1. Earlier completion of community projects

2. Competitive pricing as a result of early tendering

3. Workload for staff participating in the tender, evaluation, and contract award process is more evenly distributed through the year

For completeness, all staff recommended projects, including the March 9^th pre-approved projects, are listed in Appendix A.

ATTACHMENTS:

Appendix A – 2004 Capital & Other Programs Budget (Part A)

Appendix B – 2004 Capital & Other Programs (Part A) – Sources of Funding

Barb Cribbett, Treasurer

Andy Taylor, Commissioner of Corporate Services