FINANCIAL INFORMATION

Committee Name:

General Committee - Finance & Administrative

Committee Date:

Monday, February 04, 2008

Report Name:

Award of Tender 180-T-07 Construction of Angus Glen Soccer Field

G/L Account:

081-5350-7827-005

Capital

Operating

Account Type (Op/Cap):

Capital

Other

Account Description:

Angus Glen Soccer Field

Original Budget:

400,000

(A)

Close Upon Final Payment

Less Spent to Date:

0

(B)

Remain Open

Less O/S Commitments:

46,688

(C)

Current Budget Available

353,312

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

a change in scope.

price escalation/market conditions.

Funding Required excl Contingency

468,751

(E)                  Awarded to:

S&F Excavating

other.

Contingency (if applicable)

50,000

(F)

Committee of the Whole

Budget Remaining

(165,439)

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

Council

Development Services

General Committee - Community Services & Environment

General Committee - Finance & Administrative

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

General Committee - Transportation

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

price escalation/market conditions.

2.  Funding Source(s):

Amount

Account(s):

Comments:

Funding Shortfall:

(165,439)

(G)

148,895

DC Reserve

Development Charges funded portion of increase (90%)

16,544

Capital Contingency

Tax funded portion of increase (10%)

0

Total:

165,439

SECTION B - CAPITAL ACCOUNT STATUS

Status:

Close Upon Final Payment

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

SECTION C - FUTURE BUDGET IMPLICATIONS

Identify Future Financial Impact:

Year

Amount $

Description

Expenditures

2008

2,467

Maintenance of park (0.715 hectares x $6900) beginning July 2008

Revenues

Capital Requirements

SECTION D - FINANCE DEPARTMENT COMMENTS

NOTES:

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