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