ADMINISTRATIVE REPORT

TO:

Standing Committee on City Services and Budgets

FROM:

General Manager Board of Parks and Recreation

SUBJECT:

2001 Park Board Basic Capital Budget

 

RECOMMENDATION

THAT the 2001 Park Board Basic Capital Budget totalling $8,131,417 as detailed in this report be approved, with the source of funding to be from plebiscite borrowing authority ($5,951,417) and Capital from Revenue ($2,180,000) as approved as part of the 2000 -2002 Capital Plan.

POLICY

Council has final approval over the annual Capital Budgets for all department and boards.

DISCUSSION

This report outlines a proposed distribution of Park Board 2000 -2002 Capital Plan funds over the two remaining years of the cycle, and seeks approval for the 2001 capital allocations. This budget and funding distribution was approved by Park Board at its meeting of February 12, 2001.

Appendix A outlines the capital funding assigned to each Capital Plan Program area, after deductions for debenture and overhead costs. For each Program area, the table shows (1) the previously approved allocations for 2000, (2) the proposed allocations for 2001 (including a summary description of the intended new development and major maintenance projects for the year), and (3) the balance remaining for allocation in 2002.

Since some projects for 2000 were carried over to 2001, the funding distribution tentatively proposed in last year's budget report has been modified somewhat. The bottom line is a slightly reduced allocation for 2001, which will avoid some unnecessary borrowing costs. The proposedadjustments are as follows:

(a) Mount Pleasant Community Centre Rebuild (line item 1): The 2001 allocation is now $350,000, with the balance transferred to 2002. The proposed allocation will enable project design to proceed once site evaluation and selection is complete.
(b) Renfrew Community Centre Code Upgrade (line item 2) and Renfrew Pool Rebuild (line item 6): Both these items will be dealt with as a single project, to be deferred until 2002.
(c) Concession Rebuilds (line item 11): Allocations for 2001 and 2002 have been reversed, so that design work and minor improvements can proceed this year, with major renovations occurring in 2002.
(d) Asphalt/Drainage (line item 22): 2001 allocation is now $380,000 to enable improvements on the Totem Pole and Second Beach Parking Lots both to be completed this year.
(e) Neighbourhood Park Improvement (line item 28): 2001 allocation is now $350,000 to facilitate Strathcona Park redevelopment.
(f) Queen Elizabeth Park Plan (line item 39): Allocation is now $95,000 since the Regional District has postponed seismic upgrading of the Queen Elizabeth reservoir.

CONCLUSION

Council is asked to approve the Park Board's Capital Plan Budget for 2001, as described in Appendix A, to a total of $8,131,417.

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NOTE FROM CLERK: Appendix A IS NOT AVAILABLE IN ELECTRONIC FORM - ON FILE IN THE OFFICE OF THE CITY CLERK.