Finance and Administration Report - Capital Project Update
A cover report providing an update on the status and expenditures of various capital projects for the year 2020.
TOWN OF VIEW ROYAL
Finance and Administration Report
TO: Committee of the Whole DATE: December 3, 2020 FROM: S. Vella, Manager of Accounting MEETING: December 8, 2020
Capital Project Update
RECOMMENDATION:
THAT the Committee receive the December 3, 2020 Capital Project Update Report for information.
CHIEF ADMINISTRATIVE OFFICER’S COMMENTS:
I concur with the recommendation.
PURPOSE OF REPORT:
To provide Council with information regarding Capital Project expenditures and projected completion dates.
INFORMATION:
For 2020, the Town has approved capital expenditures of $3,578,125. The attached report outlines budgeted and actual expenditures to November 30, 2020 and current projected completion dates. Due to timing differences between internal reporting timelines and invoices from vendors, there may exist variances between reported costs and actual costs of some projects. As invoices are processed, a more complete calculation of actual variances will be made.
RECOMMENDATION:
THAT the Committee receive the December 3, 2020 Capital Project Update Report for information.
SUBMITTED BY: S. Vella, Manager of Accounting
REVIEWED BY: D. Christenson, Director of Finance
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