Board Meeting - December 21, 2020

Item 1. 2021 TTC and Wheel-Trans Operating Budgets (For Action)

• Staff report for item 1
• Decision for item 1

Item 2. TTC 15-Year Capital Investment Plan & 2021-2030 Capital Budget & Plan (For Action)

• Staff report for item 2
• Staff presentation for item 2
• Decision for item 2

2021 TTC & Wheel-Trans Operating Budget and 2021 Capital Investment Plan & 2021-2030 Capital Budget & Plan

• Staff presentation for Item 1 and Item 2

J. Robinson (Chair), J. De Laurentiis (Vice-Chair), B. Bradford, S. Carroll, C. Lai, R. Lalonde, J. McKelvie, D. Minnan-Wong, J. Osborne (Commissioners), R. Leary (Chief Executive Officer), G. Downie (Chief Capital Officer), B. Hasserjian (Chief Safety Officer - Acting), J. La Vita (Interim Chief Financial Officer), B. Leck (General Counsel), K. Llewellyn-Thomas (Chief Strategy and Customer Officer), M. MacRae (Acting Chief People Officer), F. Monaco (Chief of Infrastructure and Engineering), G. Piemontese (Interim Chief Diversity & Culture Officer), N. Poole-Moffatt (Chief of Corporate Affairs), J. Ross (Chief Operating Officer), J. Taylor (Chief of Staff), K. Watson (Deputy Chief Executive Officer), R. Wong (Chief Vehicles Officer), A. Cassar (Director – Budgets, Costing and Financial Reporting), A. Gibson (Head – Strategy and Foresight), J. Imbrogno (Director – Capital Accounting), M. Mis (Head – Service Planning and Schedules), K. Thorburn (Head – Corporate Initiatives), C. Finnerty (Director – Commission Services), A. Farnsworth (Co-ordinator – Secretariat Services) and J. Ishak (Administrator – Secretariat Services).

D. Magisano (Mayor’s Office), R. Van Fraassen (Chair Robinson’s Office); and F. Fernandes (Resolve Collaboration) were present.

J. Robinson was in the Chair.

• Item No. 1: 2021 TTC and Wheel-Trans Operating Budgets
  Tom Rakocevic (MPP Humber River-Black Creek)
  Alan Yule
  Lou Israel (TTCriders)
  Dan Bingham (MAC Members Advocacy Committee)
  Ketheesakumaran Navaratnam
  Shelagh Pizey-Allen (TTCriders)
  Johnny Dib (York South Weston Tenant Union)
  Zeesy Powers
  The Board received the deputations for information (see Item 1 for minute).
• Item No. 2: TTC 15-Year Capital Investment Plan & 2021 – 2030 Capital Budget & Plan
  Hayden Poon
  The Board received the deputation for information (see Item 2 for minute).

1. 2021 TTC and Wheel-Trans Operating Budgets

Josie La Vita, Interim Chief Financial Officer, delivered a presentation on this item.

Commissioner Lai moved adoption of the staff recommendations as follows:

It is recommended that the TTC Board:

1. Approve the recommended 2021 TTC Conventional Operating Budget of $2.034 billion in gross expenditures, revenues of $0.562 billion in revenues and a net funding requirement of $1.472 billion, inclusive of the $794.6 million TTC Conventional COVID-19 financial impact, as detailed in this report;
2. Approve the recommended 2021 Wheel-Trans Budget of $118.6 million in gross expenditures, $4.3 million in revenues and a net funding requirement of $114.3 million, inclusive of the $1.8 million Wheel-Trans COVID-19 financial impact, as detailed in this report;
3. Request City Council to authorize a special contribution to the TTC Stabilization Reserve, equal to the proceeds to be received from the anticipated settlement with Metrolinx, to provide a funding source for LRT construction disruption service.
4. Approve a 2021 year-end workforce complement of 16,313 positions, reflecting an increase of 69 positions to support service delivery and 77 positions for capital project delivery, as described in Appendix C; and
5. Forward this report to the City Budget Committee and the City Manager as the official 2021 Operating Budget submission for the Toronto Transit Commission.

The motion by Chair Robinson carried.

The motion by Commissioner Lai carried.

Approved

Correspondence submitted by: Councillor Joe Cressy, Alan Yule.

2. TTC 15-Year Capital Investment Plan & 2021 – 2030 Capital Budget & Plan

Josie La Vita, Interim Chief Financial Officer, delivered a presentation on this item.

Chair Robinson moved adoption of the staff recommendations as follows:

It is recommended that the TTC Board:

1. Approve the staff recommended TTC 2021-2030 Base Capital Budget & Plan of $11.689 billion as outlined in Appendix A of this report;
2. Approve the staff recommended TTC 2021-2030 Capital Budget & Plan of $217.781 million for Transit Expansion Projects including the completion of the remaining scope for the Toronto-York Spadina Subway Extension, SRT Life Extension Overhaul for Line 2 Subway Extension (formerly Scarborough Subway Extension) and Waterfront Transit as outlined in Appendix A of this report;
3. Forward this report to the City Budget Committee and the City Manager as the official 2021-2030 Capital Budget and Plan submission for the Toronto Transit Commission.

The motion by Chair Robinson carried.

Approved

The meeting adjourned at 1:05 p.m.