Staff Report #14
April 27, 2026
To All Commissioners
Re: Financial Update – Capital Budget Programs – March 31, 2026
Recommendation
That the report be RECEIVED for information.
Background
Summarized in the table below is the 2025 Capital Program Summary for the nine-month period ending March 31, 2026.
Summary of 2025 Capital Budget Program Activity Three Months Ending March 31, 2026
| Description | Actual | Budget | Amount Under Budget (Over Budget) | Project Status | |
| Program | |||||
| Bus replacement (2026) | $ – | $ 17,774,000 | $ 17,774,000 | In progress | |
| Bus expansion (ICIP) | – | 11,033,000 | 11,033,000 | In progress | |
| Bus expansion | – | 1,003,000 | 1,003,000 | In progress | |
| Facility upgrades | 121,231 | 500,000 | 378,769 | In progress | |
| Fare processing equipment | 104,277 | 1,936,800 | 1,823,523 | In progress | |
| Information systems | 148,183 | 1,000,000 | 851,817 | In progress | |
| Shop & garage equipment | 32,875 | 240,000 | 207,125 | In progress | |
| Service fleet replacement | 52,085 | 155,000 | 102,915 | In progress | |
| Stop upgrades | – | 63,500 | 63,500 | In progress | |
| Bus stop amenities | – | 167,500 | 167,500 | Pending ICIP approval | |
| Fleet radio replacement | – | 625,000 | 625,000 | Project deferred | |
| Highbury facility rebuild | – | 11,670,000 | 11,670,000 | In progress (multi-year) | |
| Zero emission bus pilot | – | 25,960,000 | 25,960,000 | In progress (multi-year) | |
| Total | $ 458,651 | $ 72,127,800 | $ 71,669,149 | ||
| Funding | |||||
| Provincial Gas Tax | $ 52,139 | $ 3,571,600 | $ 3,519,461 | ||
| Capital Program Reserve | 233,143 | 1,458,500 | 1225,357 | ||
| City of London | 173,369 | 38,758,000 | 38,576,631 | ||
| ICIP – Provincial | – | 6,984,900 | 6,984,900 | ||
| ICIP – Federal | – | 8,382,800 | 8,382,800 | ||
| Senior Government | – | 12,980,000 | 12,980,000 | ||
| Total | $ 458,651 | $ 72,127,800 | $ 71,669,149 | ||
The following programs are underway through the first three months of the year, with narrative focusing on the year-to-date progress.
Bus replacement and expansion (29 buses) – The first bus has recently arrived with delivery of the remaining 28 units expected to begin in May through July. The Fleet & Facilities department have begun preparing the bus for service and will become busy when two to three buses begin arriving on a weekly basis.
Facility upgrades – The facility upgrade program is underway with costs incurred to date pertaining to office renovations, rotary lift installation, and a generator. See Staff Report #5, dated April 27, 2026, for further details and plans for the remainder of the year.
Fare processing equipment – The project to replace the OBV’s (on board validators) on the conventional fleet is underway with the costs included above pertaining to software design and development milestones. See Staff Report #7, dated April 27, 2026, for further details.
Information systems & hardware – Expenditures incurred to date include additions to networking equipment and other hardware purchases.
Shop and garage equipment – Expenditures incurred to date relate to the ongoing monthly purchase of shop tools and miscellaneous equipment within Fleet & Facilities.
Service fleet replacement – Expenditures incurred to date are for the purchase of a new Inspector van which has since been outfitted for service.
Administration will continue to monitor actual to budget performance and report to the Commission monthly.
Recommended by:
Mike Gregor, Director of Finance
Concurred in by:
Kelly S. Paleczny, General Manager