Finance Committee Decisions in Brief

From the April 4, 2016 Meeting

6.2.1 Roads Maintenance Program Value for Money Report

Decision

*The report was received and forwarded to City Council for information.
*Administration instructed to work with Auditor to develop a process (dashboard) to present to Committee at the appropriate time (Fall 2016).

Background

*A value for money review was conducted by PricewaterhouseCoopers LLP to determine whether divisions acting as the custodians of the roadways and are entrusted with executing on spending (being Roadways Maintenance within Public Works, Major Projects, and Construction & Design) are achieving economy, efficiency and effectiveness in the manner in which they are operating.

7.2.5 Transportation & Utilities Capital Projects Funding Reallocation

Decision

*The committee recommended to City Council that the transfer of funds as indicated below, be approved:

1.    $147,399 from the Arterial Road Reserve be allocated to Capital Project #1462 – Arterial Road – Clarence Avenue;

2.    $259,615 from the Infrastructure Water and Sanitary Sewer Reserve to Capital Project #1615 – Water Distribution; and

3.    $292,148 from the pooled Reallocation of Capital Funds to Capital Project #2003 – Highway 14 and Highway 7 Grade Separation.

Background

*A review of capital programs, primarily from the previous Infrastructure Services Department, has resulted in the closure (completion) of 48 projects. Of these completed projects, 25 are underspent and funds will be returned to the appropriate reserves; 20 were overspent by an amount that does not require City Council approval to fund; and the remaining three require City Council approval to fund the amount over-expended.