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From YouTube: Budget Committee - October 14, 2016
Description
Budget Committee, meeting 24, Oct 14, 2016
Agenda and background materials: http://app.toronto.ca/tmmis/decisionBodyProfile.do?function=doPrepare&meetingId=11064
B
B
B
B
Bu
24.3
facilities,
real
estate
environment
and
energy,
2016
capital
budget
in
2016,
225,
capital
plan
adjustments
and
accelerations
deferrals
for
the
fourth
quarter.
Any
questions,
council,
DG,
animu
staff
recommendations,
own
favorite,
pose
carried
beep,
bu
24.4
the
path
wayfinding
project,
any
questions
of
staff
on
that
you
would
just
hold
it
down
just.
C
A
D
So
in
the
three
mr.
chair
in
the
spring,
we
did
our
annual
update
on
loans
to
agencies
and
groups
and
line
of
credit
guarantees
and
other
guarantees,
in
that
we
highlighted
that
there
was
a
particular
problem
with
that
loan
that
the
arena
has.
We
already
have
a
resolution
passed
by
executive
committee
and
council
for
us
to
report
back
on
the
terms
of
that
loan.
The
terms
of
that
so
we're
going
to
do
that
work
anyway.
This
is
really
just
a
transactional
report.
E
Sorry
lee
side
through
their
arrangement
there
they're
dealt
in
a
special
way
as
opposed
to
the
other
seven
arena
boards.
So
any
time
they're
in
deficit.
It
gets
added
to
their
long-term
debt
right
and
that's
that's
an
issue
in
itself,
but
then
this
year,
they're
in
surplus
and
the
city
is
taking
the
money
back
so
they're.
Not
so
that's
a
big
issue
and
I
want
to
get
that
issue
solved
as
long
as
yes
looked
a
lot
as
long
as
not
deferring
this.
D
On
it,
I'm
just
done
that
so
technically
we're
not
taking
the
money
back,
we
take
arena
board
surpluses,
we
put
them
in
a
reserved
for
the
replacements
of
their
Zamboni
and
I
was
just
going
to
refer,
which
is
a
general
reserve.
No
well
that's
what
I
wanted
to
confirm.
I
believe
that
they
are
set
aside
in
proportion
to
their
surpluses,
but
I
need
Josie
to
confirm.
That's!
That's.
E
D
F
You,
mr.
chair,
yes,
the
practice
for
a
very
long
time
on
both
arena
boards
and
ayats.
As
you
can
see
from
both
report
number
one
and
number
two
is
that
any
deficits
Eddie
air
any
of
the
different
boards
that
have
surpluses,
help
offset
the
deficits
and,
if
there's
an
overall
general
surplus,
then
we
first
contribute
to
their
fleet
reserve
for
zamboni
replacement
and
then
any
residual.
Either
the
city
pays
or
the
city
brings
back
into
surplus
and
that's
councils
policy
and
practice
that
we've
had
since
Malcolm.
E
Right
and
I'm
questioning
that.
Well
all
due
respect,
because
anytime
there's
in
the
tooth
in
the
June
report,
there
was
a
extent
there
were
extenuating
circumstances,
I
think
it
was
in
bill
bell
arena
and
that
twenty
six
thousand
dollars
was
written
off.
The
same
situation
happened
in
lee
side
and
that
got
added
to
their
long-term
debt.
So.
F
To
you,
mr.
chair,
but
we
don't
actually
write
it
automates
in
some
ways
it's
no
different
than
our
divisions
and
other
agencies.
If
they
happen
to
be
in
a
deficit
situation.
Any
surpluses
brought
in
from
the
organization
help
compensate
for
that
and
the
net
surplus
through
the
surplus
management
policy
then
directs
how
we
deal
with
that
that
surplus,
so
they're
treated,
might
really
like
everyone
else.
The
issue
with
the
arena
boards
is
there
supposed
to
be
at,
but
the
budgeted
at
net
zero
and
sometimes
they
exceed
their
projections.
F
Sometimes
they
fall
short
of
the
projection
when
there
are
construction
projects
like
the
arena
ad
and
other
kinds
of
closures,
and
we
see
that
they
actually
have
less
money.
The
city
comes
in
and
funds
that
so
it's
a
you
know
it's
a
broader
relationship
around
the
city
being
accountable
for
any
shortfalls
and
any
surpluses
then
come
back
to
the
city
equal
to
what
we
do
with
the
police
ttc
and
you
know,
shelter
or
transportation.
So
this,
but.
E
F
You
mr.
chair
I,
mean
the
arena
board.
Second
pad
project
was
a
standalone
decision
by
council
based
on
a
you
know,
a
very
long
discussion
through
the
years
around
the
business
case
of
adding
that
pad
which
at
one
point,
the
original
proposition
was
that
it
was
supposed
to
be
funded
by
by
them
wholly
and
it
eventually
evolved
into
a
loan,
and
those
are
the
conditions
of
that
particular
project.
E
B
And
and
counselor
also
this
this
will
be
an
item
on
the
executive
committee,
even
if
we
deferred
here
it's
still
an
item
on
the
executive
of.
If
you
want
to
defer
it,
maybe
we
can
have
the
conversation
before
exact
and
and
if
that's
something
you
still
want
to
go
forward
with,
we
can
deal
with
an
executive
okay.
Thank
you.
Okay,
thank
you!
Yeah!
It
does
go
to
executive.
So,
okay,
oh
sorry,
yes,
counselor
care.
How
the
question.
C
So
I
am
question.
This
is
one
of
those.
This
is
why
people
get
really
nervous
when
we
starting
to
a
special
deal
within
the
structure,
which
is
what
happens
when
Lisa
arena
wanted
to
build
this
extra
pet,
okay,
I
think
in
this
whole
committee,
I
think
kept
probably
counselor,
Nancy,
atta
and
I
were
the
only
ones
that
were
here
at
that
time.
C
They
wanted
to
have
this
extra
pad
at
a
time
when,
when
the
city
was
in
no
way
shape
or
form
in
the
situation,
to
help
them
up
with
that,
and
there
was
a
concern
at
the
time
that
that
it
would
over
time
be
forgotten
that
we
have
this
symbiotic
relationship
between
the
arena
boards
and
they
they
they
help
each
other
out
through
that
pooled
surplus,
but
that
this
was
going
to
be
a
separate
deal
and
alone
for
which
they
were
accountable
ever
ever
after.
So
what
I'm
wondering
is?
C
Is
there
an
already
creative
briefing
note
that
describes
that
original
commitment
that
could
be
attached
to
any
decision
we
might
be
taking
now
years
later?
Could
we
could
we
have?
This
was
that
this
was
the
arrangement
struck
at
the
time,
so
that
it's
really
clear
to
people.
There's
the
overall
arena
boards
symbiotic
relationship
and
then
there's
the
special
leaside
arena.
Commitment
through.
D
E
Just
wanna
know
it
in
word
in
response
to
councillor
Carol.
No
I
was
not
here,
but
all
I'm
just
want
to
make
sure.
Is
that
somehow
that
a
particular
facility,
in
this
case
lee
side,
isn't
penalized
so
when
they
run
a
deficit,
I
understand
how
that
gets
added
to
their
debt
and
I
understand.
That's
a
unique
situation
that
the
only
arena
board.
My
concern
is
when
they
run
a
surplus,
if
one
year
they
run
a
fifty-thousand-dollar
deficit,
but
that's
what
I
want,
but
I
don't
think
that
that
surplus
coast
of
the
loan-
that's
the
problem.
B
D
D
B
G
D
They
are
up-to-date
and
current
on
all
the
payments,
so
they're,
fine,
we
don't
have
a
problem
with
that
are
they
are
then
treated
like
all
the
ayats
and
and
the
other
Rena
boards
of
management
where
surpluses
first
paid
down
deficits.
The
remaining
go
into
zamboni
fleet
replacement
reserve
in
proportion
to
the
surpluses
that
got
contributed
to
know.
G
G
D
D
If
siphon
arena
or
an
AR
wanted
to
do
something,
an
expansion
of
that
sort,
that's
how
we've
handled
it
in
the
past
and
then
we
come
up
with
some
terms
assessing
the
business
case
to
make
sure
that
there's
a
solid
business
yeah
because,
as
Josie
did
say,
they
are
supposed
to
be
self-sustaining.
Organizations.