At Tuesday’s Special Council meeting, as reported in the previous Post, Treasurer Ian Davey provided Councillors with an update on the current financial status of Cobourg. He confirmed that the numbers are an estimate for the whole year based on actuals to date. He also confirmed that the million dollars saved on staffing was because of hiring that was deferred or did not happen. His report included details on where additional money was spent because of Covid-19, details on Government grants and status of current Capital Projects. This follow-up post includes those details. Some Capital spending has been deferred but most projects have continued irrespective of Covid-19 – usually we don’t get a status report on projects so this progress report is good.
Extra Spending due to Covid-19
Federal – Provincial Funding announced to Date
|Federal – Provincial Safe Restart – Phase 1||$571,800|
|Federal – Provincial Safe Restart – Transit Operations||$97,780|
|Provincial Enhanced Public Transit Cleaning||$8,767|
Both Ian Davey and Major John Henderson spoke about why Cobourg would not be applying for Safe Restart – Phase 2 funding. While Phase 1 funding was simply allocated with “no questions asked”, Phase 2 would need to be justified including explaining where Phase 1 funding was spent and why additional money was required. It seems that those who manage their money well, get less help
The list of Capital projects is long (48 items) and includes a number of projects that are deferred into 2021. Ian explained that these could be done in 2021 since the budget amount was already approved. However, if Council so wished, as part of the 2021 budget setting process, the money could be re-allocated in 2021 to other projects since it has not yet been spent.
The list below includes 20 projects that are large and/or of significant Public Interest. Of the total 2020 budget of $8.8M, $1.28M was deferred into 2021. See link below for the full list. The full report also indicates funding: Tax base ($302K), debenture (borrowing – $2M), Federal Gas Tax ($1.6M), reserves ($3.9M) or other ($802K).
Significant Capital Projects – Status
|Kerr St. – Division to D’Arcy||$2,085,120||Construction in Progress|
|Mathew St reconstruction||$820,000||Substantially Complete|
|Streetlight Replacement Program||$355,000||Ongoing|
|Harbour Electrical System||$310,000||Completed|
|Waterfront Plan – East Pier||$275,000||Work in Progress|
|Vic Hall Sandstone repairs||$270,000||Completed|
|Harbour Seawalls and Breakwaters||$200,000||Work in Progress|
|Wheels Bus Replacement||$160,000||Proceeding|
|Albert St reconstruction||$15,000||Design Work Proceeding|
|Tennis Court Resurfacing||$53,000||Completed|
|Donegan C Diamond Resurfacing||$35,000||Committed|
|Council Chamber Microphones||$15,000||Completed|
|Waterfront Spray Pad||$15,000||Completed|
|Waterfront Plan – Campground||$127,000||RFP Issued|
|Harbour Improvements Phase 1||$88,000||RFP Issued|
|Sanitary Sewer Rehabilitation||$1,000,000||On Hold|
|Sidewalks||$200,000||Deferred to 2021|
|Cooey Park Development||$100,000||Deferred to 2021|
|Replace some existing Playspace Equipt.||$60,000||Deferred to 2021|
|Water Bottle Filling Stations||$15,000||Deferred to 2021|
Sorted by status timing.
Councillors asking questions about Ian’s report were Deputy Mayor Suzanne Séguin and Emily Chorley. However, Ian’s report was clear, comprehensive and positive – so there was little need for questions.
- Capital Project Status and funding as of 15 October 2020 – presented as Schedule G of Financial Report
- Capital Projects approved for 2020 – 11 January 2020
- Download Ian’s complete Report