FINANCIAL INFORMATION

Committee Name:

General Committee - Finance And Administrative Issues

Committee Date:

Monday, April 24, 2006

Report Name:

14th Avenue Watermain Construction, McCowan Road to Boxwood Crescent

G/L Account:

083 5350 6745 005 & 083 5350 7264 005

Capital

Operating

Account Type (Op/Cap):

Capital

Other

Account Description:

14th Avenue Watermain Construction, McCowan Road to Boxwood Crescent

Original Budget:

7,200,000

(A)

Close Upon Final Payment

Less Spent to Date:

134,232

(B)

Remain Open

Less O/S Commitments:

230,138

(C)

Current Budget Available

6,835,630

(D) = (A) - (B) - (C)

a change in scope.

price escalation/market conditions.

Funding Required excl Contingency

4,960,705

(E) Awarded to:

Pachino Construction Co. Ltd. (Construction)

other.

Contingency (if applicable)

489,250

(F)

Note: Budget also included admin., eng. fee, property etc.

General Committee - Finance And Administrative Issues

Budget Remaining

1,385,675

(G) = (D) - (E) - (F)

General Committee - Development Services

SECTION A - COMPLETE THIS SECTION IF ADDITIONAL FUNDING IS REQUIRED (Balance Remaining is Negative)

1. Complete the following sentence: Additional funds are required as a result of…

2. Funding Source(s):

Amount

Account(s):

Comments:

Funding Shortfall:

(G)

Total:

SECTION B - CAPITAL ACCOUNT STATUS

Status:

Close Upon Final Payment

If project(s) are to remain open an explanation is required:

Construction expected to start June 2006 and last 6 months

SECTION C - FUTURE BUDGET IMPLICATIONS

Identify Future Financial Impact:

NO IMPACT

Year

Amount $

Description

Expenditures

Revenues

Capital Requirements

SECTION D - FINANCE DEPARTMENT COMMENTS

NOTES:

1. All figures exclude GST and include PST where applicable.