Title
CAPITAL PROJECT STATUS REPORT
1. That the $582,000 required to fund the project identified in Appendix “B” - Other Priority projects be funded from the following funding sources:
a) $194,000 - Library Development Charges (11-05-0560); and
b) $388,000 - Library Ramp Up Reserve (13-04-0445).
2. That Staff be authorized to close the capital projects identified in Appendix “C” - Projects with Excess Funding and the excess funds in the amount of $595,903 be returned to the following funding sources:
a) $151,034 - Water Reserve Funds (12-05-0580);
b) $3,000 - Tax Capital Reserve (13-04-0440);
c) $50,000 - Wastewater Reserve Funds (12-05-0575);
d) $276,619 - Water Development Charges (11-05-0540);
e) $16,782 - Water Rate Holding Account (12-05-0581); and
f) $98,468 - Federal/Provincial Grant (Infrastructure Stimulus Funding).
3. That the $2,601,373 required to fund over-expenditures on projects identified in Appendix “D” - Projects Requiring Additional Funding - Council Approval Required be funded from reserves and reserve funds as follows:
a) $1,536,119 - Tax Capital Reserve (13-04-0440);
b) $904,932 - Water Reserve Funds (12-05-0580);
c) $115,068 - Water Development Charges (11-05-0540); and
d) $45,254 - Roads & Related Development Charges (11-05-0520). (FIN022-10) (File: F00)