| Total Expenses | $4,366,456 |
|---|---|
| Funds Approved | $4,310,000 |
| Total Funding | $4,310,000 |
| Less: Total Expenses | (4,366,456 |
| Projected Surplus / (Deficit) | ($56,456) |
| Projected Surplus / (Deficit) – Rounded | ($60,000) |
As indicated in the above table, an additional $60,000 is needed to fund the projected deficit. The deficit is due to the addendum #3 for Dillion Consulting Ltd. Administration recommends that these funds be transferred from the Pollution Control Reserve, Fund 208, which has sufficient funds remaining to absorb the transfer.
Consultations:
Carrie McCrindle (FPA) - Finance Department
Jennifer Musson - Purchasing
Conclusion:
Administration recommends that Council approve the addendum to the agreement with Dillon Consulting Ltd. in the amount of $55,800.00 (plus HST). Funding for this shall be accommodated through a transfer of $60,000 from Pollution Control Reserve, Fund 208.
Approvals:
| Name | Title |
|---|---|
| C. McCrindle | Financial Planning Administrator |
| J. Renaud | Sr. Manager Pollution Control |
| M. Winterton | CLT – City Engineer |
| J. Mancina | CLT – CFO/City Treasurer |
| S. Askin-Hager | CLT – City Solicitor |