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TO: |
Mayor and Members of Council |
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FROM: |
Andy Taylor, Commissioner of Corporate
Services Barb Cribbett, Treasurer |
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PREPARED BY: |
Joel
Lustig, Director Financial and Client Services |
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DATE OF MEETING: |
2004-Mar-09 |
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SUBJECT: |
2004 Capital and
Other Programs Budget Pre-approval |
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RECOMMENDATION:
THAT the report dated March 9, 2004 entitled “2004 Capital and Other Programs Budget Pre-approval" be received;
AND THAT Council pre-approve selected projects from the 2004 Capital and Other Programs Budget totalling $5,129,200 the funding and details of which are listed in Appendix A.
BACKGROUND:
At
the March 5th, 2004 Budget Sub-Committee meeting, approval was given
to recommend to Finance and Administrative Committee (scheduled for March 22nd,
2004) the Staff Recommended Capital & Other Programs Budget of $80,138,881 If
approval is given at the March 22nd Finance and Administrative Committee
meeting, the $80,138,881 Capital and Other Programs budget will be presented to
Council for approval, in its entirety, at the March 30th Council
meeting.
The
purpose of this report is to obtain pre-approval of time sensitive capital
projects in advance of the March 30th Council meeting. Pre-approval of these projects 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
FINANCIAL CONSIDERATIONS:
Appendix
A outlines all of the capital and other program projects that require
pre-approval along with the sources of funding.
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Barb
Cribbett, Treasurer
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Andy
Taylor, Commissioner
of Corporate Services |
Q:\SHARED\2004Council
_COWReports\0401 2004 Capital and Other Programs Pre-approval.doc
