The Move Ontario Trust is governed by its Declaration of Trust, the provisions of the Ontario Trustee Act, and trust case law. The Trust is governed by three Trustees, one from each of Ontario, Toronto, and York Region. Trustees hold the trust assets in trust for the benefit of the Beneficiaries, Toronto and York Region, in accordance with the terms and conditions of the Declaration of Trust. They have exclusive authority over the management of the Trust Assets and the affairs and undertaking of the Trust.
The Trustees have established policies to govern how requests for funding the Toronto-York Spadina Subway Extension (TYSSE) are received and processed. Toronto and York Region have jointly established a TYSSE Executive Task Force (ETF) to oversee the implementation of the subway extension. Requests are submitted by the ETF, along with supporting documentation, for annual budgeting and cash payments purposes.
Bruce McCuaig
Deputy Minister of Transportation
Bruce McCuaig was appointed Deputy Minister of Transportation on January 7, 2008.
Prior to this appointment, Mr. McCuaig was Assistant Deputy Minister of Provincial Highways Management Division in MTO. In this position, Mr. McCuaig was responsible for the division that manages the province’s 16,525 kilometres of highways. The division also looks after 2,800 bridges and structures, 29 remote airports and eight ferry services.
Mr. McCuaig has also held the position of Assistant Deputy Minister of the ministry’s Policy, Planning and Standards Division, as well as a variety of other positions at MTO and at the Ministry of Municipal Affairs and Housing.
Mr. McCuaig has a Bachelor of Applied Arts degree in Urban and Regional Planning from Ryerson University in Toronto, Ontario and a Master’s degree in Public Administration from Queen’s University in Kingston, Ontario.
Cam Weldon
Deputy City Manager and Chief Financial Officer
Cam Weldon is the Deputy City Manager and Chief Financial Officer for the City of Toronto. Mr. Weldon is responsible for a combined $12.0 billion Operating and Capital Budget (2009) and corporate shared services including facilities and real estate, fleet management and I&T.
Prior to his appointment to Deputy City Manager and Chief Financial Officer in February, 2009, Cam Weldon held the positions of Treasurer and Director of Accounting at the City as well as Internal Auditor, Director of Accounting and Purchasing Services and Regional Treasurer with the Regional Municipality of Halton.
Mr. Weldon has served on a number of Canadian Institute of Chartered Accountants Public Sector Accounting Board (PSAB) task forces to improve public sector accounting and reporting in Canada. He served as a member of the PSAB’s first task force for Tangible Capital Assets and for the Reporting Entity. He also served as a member of the PSAB research study group that produced the Accounting for Infrastructure in the Public Sector research study.
Mr. Weldon is a Chartered Accountant and received his Bachelor of Commerce Degree from McMaster University in Hamilton. In 2007, Mr. Weldon received his Chartered Director designation from McMaster University.
Lloyd Russell
Commissioner of Finance and Treasurer
Lloyd Russell is the Commissioner of Finance and Treasurer for the Regional Municipality of York. He is responsible for all functions common to the Chief Financial Officer and also oversees the Information Technology Services function for the Region.
Prior to joining York Region, Lloyd was the Director of Financial Services and City Treasurer for the City of Ottawa for 5 years and Commissioner of Finance for the City of Nepean for 7 years prior to that. Lloyd has also held senior finance positions with the Region of Ottawa-Carleton and the City of London.
In addition to his municipal experience, Lloyd has also held a number of operational and policy positions with the Ontario Ministry of Education, the Ontario Housing Corporation and the Bank of Montreal.
Lloyd is a Certified General Accountant and a member and past chair of the Municipal Finance Officers Association of Ontario. Lloyd has also been active in the Government Finance Officers Association and was a member of their Committee on Canadian Issues for six years.