That Council:
- AMENDS Sustainable Finance Guideline 8.4 as follows:
“The unspent amount of funding for an approved capital project may be carried forward to the following year’s Financial Plan, if the project has begun. Every year, unspent capital funds for projects that have not begun will be brought forward to the Standing Committee on Finance and Audit for information and reviewed and considered for carryforward approval by the Senior Leadership Team.”
2. AMENDS Sustainable Finance Guideline 14.1 as follows:
“Budget amendments in a calendar year or transfers equal to the lower of: 5% of the capital project budget, or $100,000 per project, may be approved by the City Manager. If the budget amendments in a calendar year exceed the above totals, subsequent budget amendments must be approved by Council.”