MUNICIPAL ASSET MANAGEMENT & FINANCIAL PLANNING A CASE STUDY: THE TOWNSHIP OF SCUGOG

Size: px
Start display at page:

Download "MUNICIPAL ASSET MANAGEMENT & FINANCIAL PLANNING A CASE STUDY: THE TOWNSHIP OF SCUGOG"

Transcription

1 MUNICIPAL ASSET MANAGEMENT & FINANCIAL PLANNING IN SMALLER MUNICIPALITIES A CASE STUDY: THE TOWNSHIP OF SCUGOG JULY 2012 By: David A. Stewart

2 THE PAPER VS. THE PRESENTATION The Paper Includes A literature review A detailed step by step description of an asset management and financial planning framework created for use in smaller municipalities A reflection and analysis into the challenges and learning experiences the Township of Scugog faced as a result of the project The Presentation Showcases how the framework was implemented at the Township of Scugog 2

3 INTRODUCTORY DISCUSSION

4 CONTEXT Material is based largely on my experience leading the planning and delivery of an asset management and financial planning framework for the Corporation of the Township of Scugog, a lower-tier municipality located in Central Ontario with a population estimation of 21,569 Information was obtained through my comprehensive research paper on the topics of long term asset management and financial planning in smaller municipalities (population 25,000 or less) and through collaboration and consultation with practitioners in the municipal sector 4

5 PRESENTATION PURPOSE Review the background and objectives of asset management in smaller municipalities Discuss emerging trends and the challenges of asset management in smaller municipalities Present an asset management and financial planning framework developed for use in smaller municipalities Present a case study on the Township of Scugog s journey towards manageable and flexible asset management and financial planning activities implemented as of June, 2012 *All from a finance department perspective 5

6 IMPORTANT QUESTIONS 1. Does your municipality have a comprehensive asset inventory? 2. Does your municipality have asset condition assessments on select/all tangible capital assets? 3. Have replacement costs for the majority of assets been determined? 4. Are annual contributions made to support the capital assets? If so, are you optimizing your capital investments? 5. Has your municipality attempted to identify the infrastructure investment gap? If so, has an action plan been developed to address the gap? 6

7 THE DESIRED RESPONSE The asset management and financial planning framework presented in this case study will help your Council and staff achieve the desired yes response to each important question listed on the previous slide 7

8 WHY DEVELOP AN ASSET MANAGEMENT PLAN? 1. Critical to the health, welfare and economic vitality to not only the nation but to communities of all sizes 2. A way to identify and address municipal infrastructure needs 3. Increased economic competitiveness 4. Promotes the coordination of infrastructure upgrade and repair activities, allowing municipalities to make informed and cost effective decisions 5. Potential condition for future funding opportunities Ontario s Long Term Infrastructure Plan (LTIP) 8

9 WHO IS RESPONSIBLE? In most municipalities, responsibility lies with the engineers in the works department Financing of asset management plans is the responsibility of Council, with input from the finance department Need a concerted and coordinated effort from all departments 9

10 WHO SHOULD BE INVOLVED? CORPORATE LEADER PROJECT MANAGER ELECTED OFFICIALS PUBLIC STAFF Finance All Departments CONSULTANTS 10

11 REASONS WHY ASSET MANAGEMENT IS IMPORTANT Municipal government owns most of the assets 67% in Ontario We have been under investing in our assets Infrastructure deficit Funders care and want to see a plan Municipalities have built a reliance on their assets to provide the services ratepayers rely on everyday, therefore a manageable asset management plan is needed to maintain and fund the replacement of assets so existing services can be maintained 11

12 BACKGROUND & OBJECTIVES

13 13

14 ASSET MANAGEMENT Asset management is a strategic, proactive, long term comprehensive plan for managing existing and new infrastructure on a life cycle basis that includes: Objectives within time lines; An inventory/registry of current assets; Asset condition data collected on a regular basis; A maintenance program (adequate treatment options; including optimization schedules); A risk management analysis; and A financial plan/investment strategy BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 14

15 ASSET MANAGEMENT OBJECTIVES To provide better long term planning of capital investment; To provide fair, open and transparent management of capital assets; To encourage fiscal responsibility which is supported by appropriate due diligence; and To ensure risks are managed effectively and economically with public interest being protected BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 15

16 BASIC VS. ADVANCED AM PLANS A basic asset management plan is undertaken to meet organizational requirements for planning and reporting. It provides basic outputs such as; forward replacement programs and associated cash flow projections *Research has proven that there is merit in quickly developing a basic asset management plan* An advanced asset management plan seeks to optimize activities and programs to meet appropriate service levels based on the collection and analysis of key information on asset condition, performance, life cycle costs and treatment options BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 16

17 WHAT IS THE RIGHT APPROACH? There is not ONE right answer Depends on many factors 1. Current Situation Most smaller municipalities are still in the development process as they take aim at consolidating and integrating asset data 2. Funding Scenario Now vs. Future Constant, decreasing, increasing 3. Political Consideration Councils = deciding factor in terms of their visions and objectives on the topics of long term asset management and financial plans BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 17

18 TRENDS & CHALLENGES

19 TRENDS IN SMALLER MUNICIPALITIES 1. *Keep It Simple (K.I.S.) 2. Hire Additional Staff and/or Consultants to work with staff 3. Working Groups 4. Create an Asset Management Coordinating Committee 5. *Create an Asset Inventory Database 6. Utilize Technology Advancements to Integrate Data 7. Product Sharing (for a nominal fee) 8. *Develop an Infrastructure Report Card *Examples presented in case study BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 19

20 CHALLENGES IN SMALLER MUNICIPALITIES 1. Non-specialized municipal staff on the topic of AM 2. Minimal resources and guidance available on the topic 3. Poor document management systems questions integrity of data 4. Inadequate financial software systems in place to support integration of asset data 5. Councils are uninformed with respect to the planning process and implementation timelines 6. A lack of political will 7. The short term political cycle 8. Managing amalgamation, revenue shortfalls, budget demands, public expectations and limited growth 9. Change management 10. Disconnects between departments 11. The need for increased capital program spending BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 20

21 ASSET MANAGEMENT & FINANCIAL PLANNING FRAMEWORK

22 WHY THE NEED? Municipal decision makers in smaller municipalities have discussed the need for information on how to plan, manage and implement asset management plans and financial plans Increasing demand for information on how smaller municipalities can identify their infrastructure investment gap and devise an action plan to manage and address their infrastructure needs Smaller municipalities want the ability to identify, communicate and manage their infrastructure needs BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 22

23 OVERVIEW OF THE FRAMEWORK - FRAMEWORK DIAGRAM LOCATED ON PAGE 87 OF REPORT - The framework has been created to help smaller municipalities implement asset management and financial planning activities with staff and elected officials It was developed through extensive research and through collaboration and consultation with practitioners in the municipal sector Much of the framework is focused on targeting smaller municipalities with a population of 25,000 or less The framework takes into consideration the unique factor Recognizes that each municipality will proceed at different speeds and with various levels of complexity and detail depending upon its population and population projections, land area, density, geographic location, service portfolio, age of infrastructure, demographics and socio-economic profile BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 23

24 IMPLEMENTING THE FRAMEWORK The Goal Work through the process ( what to do ) and process components ( how to do it ) The Implementation Schedule Depends on the size of the municipality and the resources involved and available The Timeline Will be unique for every municipality BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 24

25 TOWNSHIP OF SCUGOG CASE STUDY

26 26

27 QUICK FACTS Lower tier municipality 65.5 FTE s Land area of 475 square km Population 21,569 (Statistics Canada, 2011) Located 65 km Northeast of Toronto Situated amongst the Greenbelt, the Oak Ridges Moraine and Lake Scugog 413 Km of Roads (221 Km paved, 192 Km unpaved) 1% Levy increase is approximately $98,000 Large Farm/Agriculture Tax Base Limited growth municipality BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 27

28 SENIOR ADMINISTRATIVE TEAM Chief Administrative Officer Assistant to the Mayor & CAO Human Resources Advisor Director of Community Services Director of Public Works & Parks Director of Finance/Treasurer Clerk Fire Chief 28

29 AREAS OF RESPONSIBILITY Road maintenance/rehabilitation Storm water management Building Planning Fire and emergency services Parks Facilities Bylaw enforcement Animal control Street lighting Recreation and culture Economic development Financial Services BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 29

30 ABSTRACT The case study was prepared in response to the Township of Scugog s Corporate Plan initiative to design, develop, implement and manage a long term asset management plan and financial planning framework for the municipality in the most cost effective way possible, by effectively utilizing in-house resources The case study includes a detailed description of the Township of Scugog s journey towards manageable asset management, a financial condition assessment of the corporation as well as financial models that capture the municipality s long term infrastructure needs A forty (40) year corporate needs model and fifty (50) year road network needs model has been selected for use in the study. Multiple spending scenarios are presented for each of the models BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 30

31 SCUGOG S JOURNEY VISION: Vision is nothing if you do not have a plan to execute it. BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 31

32 SCUGOG S JOURNEY STOP #1 STOP #2 STOP #3 STOP #4 STOP #5 Corporate Tangible Capital Asset Inventory Created AMP Integrated into Corporate Plan Financial Condition Assessment The AMP Process 1. TON Schedules 2. Estimate TC s & RC s 3. Asset Condition Assessment AMP Linked to Capital Budget (Investment Strategies) 4. Corporate Priority Optimization 5. Financial Forecasting BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 32

33 STOP #1 Corporate TCA Inventory Created (Result of PSAB) A corporate database was created using Microsoft Excel Column headings included: Asset name (roll number if land) Asset class (major/minor/sub-class) Department asset belonged to Description of asset In service year Acquisition/Historic cost Estimated useful life of asset BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 33

34 STOP #2 AMP Integrated into Corporate Plan Scugog s Corporate Plan is a set of instructions to senior decision makers describing what role each department is expected to fulfill in the enhancement of the organizations objectives Scugog s Council and staff successfully integrated asset management initiatives into the Corporate Plan early in 2010 * Should initiate at the beginning of a Council term, if possible BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 34

35 STOP #2 AMP Integrated into Corporate Plan Keys to achieving organizational commitment: Raising the awareness of elected officials and the senior management team on the benefits of asset management and the associated financial implications Imparting an ownership of the process by involving key players such as the Mayor, Members of Council, senior management and staff Clearly and consistently communicating asset management objectives to staff BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 35

36 STOP #3 Financial Condition Assessment Assesses the municipality s financial health Councils can better understand where the municipality has been and where it is going Identifies key financial challenges based on historical trends Identifies hidden or emerging problems Presents and overall picture of strengths and weaknesses of the municipality Enables staff to provide the level of analysis and discussion necessary to address issues * Municipalities should consider hiring consultants to collect, compile and present this information BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 36

37 THE TYPES OF ANALYSIS USED Horizontal/Trend Analysis The horizontal/trend analysis focuses on changes from year to year. For example, declining capital program spending for a municipality may have had an impact on the roads resurfacing program Vertical Analysis The vertical analysis focuses on various items listed up and down the page of a financial statement or a budget for a given year. This analysis helps answer the question, what portion does each item contribute to the whole. For example, what percentage of the total budget does department A comprise over a 5 year period BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 37

38 THE TYPES OF ANALYSIS USED Ratio Analysis The ratio analysis focuses on analyzing recognized benchmarks and indices in order to better assess the municipality s financial independence and financial management. For example, a municipality could choose to use a debt to reserve ratio to better illustrate a spending story Comparative Analysis The comparative analysis focuses on comparing key performance indicators in the municipality against other neighbouring or similar municipalities to gain perspective on relative financial health. For example, a municipality could choose to compare capital program spending as a percentage of overall budget spending on an annual basis BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 38

39 TOWNSHIP OF SCUGOG SELECT EXAMPLES

40 GROWTH % OF TOTAL BUILDING PERMITS ISSUED FOR NEW RESIDENTIAL UNITS THE REGION OF DURHAM - BY MUNICIPALITY AVERAGE % Town of Ajax City of Oshawa Town of Whitby Municipality of Clarington City of Pickering Uxbridge Township Scugog Township Brock Township 40

41 HORIZONTAL/TREND ANALYSIS TOWNSHIP OF SCUGOG FINANCIAL POSITION ( ) 6,000, ,000, ,000, ,000, ,000, ,000, YEAR Municipal Financial Position 41

42 HORIZONTAL/TREND ANALYSIS TOWNSHIP OF SCUGOG TAX LEVY PER CAPITA ( ) COST YEAR Tax Levy Per Capita 42

43 RATIO ANALYSIS TOWNSHIP OF SCUGOG DEBT TO RESERVE RATIO ( ) RATIO YEAR Debt to Reserve Ratio 43

44 TOWNSHIP OF SCUGOG RESERVES ( ) 9,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, YEAR Reserves 44

45 TOWNSHIP OF SCUGOG DEBT ( ) $3,500, $3,000, $2,500, $2,000, $1,500, $1,000, $500, $

46 TOWNSHIP OF SCUGOG DEBT PER CAPITA ( ) $ $ $ $ COST $80.00 $60.00 $40.00 $20.00 $ YEAR Per Capita 46

47 VERTICAL ANALYSIS ILLUSTRATION Capital Program Spending by Department Difference Fire & Emergency Services 15.7% 8.6% 9.7% 4.7% 1% -14.7% Public Works & Parks 65.2% 54.5% 77.2% 81% 77% 11.8% Community Services 12.6% 32.2% 12.1% 4.3% 10% -2.6% Corporate Services 6.5% 4.7% 1% 10% 12% 5.5% Total 100% 100% 100% 100% 100% 47

48 TOWNSHIP OF SCUGOG BUDGET OPERATING VS. CAPITAL 2012 YEAR ,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 ($) Operating Capital 48

49 COMPARATIVE ANALYSIS CAPITAL PROGRAM SPENDING LEVEL COMPARISON YEAR: 2012 (Capital program spending as a % of total budget) SCUGOG UXBRIDGE STOUFFVILLE 10% 20% 23% YEAR: 2011 SCUGOG STOUFFVILLE UXBRIDGE THOROLD KING 11% 20% 22% 23% 48% YEAR: 2010 SCUGOG UXBRIDGE STOUFFVILLE KING THOROLD 23.5% 28% 41.5% 50% 64% BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 49

50 FINANCIAL CONDITION ASSESSMENT RECAP Scugog is facing a need for: Increased capital program spending Increased revenue sources User fees Industrial tax base A reduction in operating expenditures Performance budgeting BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 50

51 STOP #4 The Asset Management Planning Process 1. Estimate Time of Need (TON) Schedules 2. Estimate Treatment Costs (TC s) and Replacement Costs (RC s) of assets in today s dollars This can be completed using the Non-residential Building Construction Price Index (NRBCPI) to obtain an approximated today's cost 3. Implement Corporate Asset Condition Assessment Plans to index/rate all assets This can be completed using a combination of consultants and staff to produce adequate assessments 4. Establish Corporate Priority Optimization for TCA s Including priority optimization schedules 5. Prepare long term financial forecasts (40-50 year planning horizon) Long term financial forecast prepared using Microsoft Excel BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 51

52 THE ASSET MANAGEMENT PLANNING PROCESS

53 1.Time of Need Schedules (TON) 2.Estimated Replacement Costs in 2012 Dollars (NRBCPI & SOFTWARE) Departments Total Capital Program Requests for Expenditures have been ranked based on priority optimization 3.Assets have undergone condition assessments and have been rated accordingly using the asset assessment bar 53

54 A SAMPLE ASSET ASSESSMENT BAR 54

55 THE FINANCIAL NEEDS DATABASE The database template design was created with input from the MFOA/OMAA Long Term Financial Planning pilot case study participants

56 OVERVIEW OF THE DATABASE Database drivers are: Non-residential Building Construction Price Index (NRBCPI) In Service Year Life Expectancy Historic Cost If the 1 st replacement year is less than the present year (2012), the database will project the replacement cost in the present year. For example, if the asset was due to be replaced in 2008 and wasn t its replacement cost will appear in the present year (2012) Replacement costs are in 2012 dollars. The calculation is done by (2011 NRBCIP/Assets In Service Year NRBCPI * Assets Historical Cost) The costs are totaled yearly in the database for capital expenditure planning purposes BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 56

57 57

58 58

59 59

60 THE FINANCIAL NEEDS MODELS The figures presented are strictly estimations based on the information available at the time of this case study Equation: estimated long term infrastructure needs estimated capital spending = infrastructure gap

61 ESTIMATED FUTURE REVENUE FORECAST *BASED ON HISTORIC DATA CAPITAL 2008 CAPITAL 2009 CAPITAL 2010 CAPITAL 2011 CAPTAL YEAR AVERAGE LEVERAGED for Federal & Provincial ($) $7,234,383 $4,969,597 $4,089,970 $1,659,000 $1,568,500 $3,904,290 NOT LEVERAGED $3,372,733 $2,253,465 $1,416,500 $1,461,000 $1,568,500 $2,014,439 61

62 40 YEAR NEEDS MODEL ( ) AMP THE CORPORATE LENS This 40 year financial needs model assumes replacement of all TCA s when the estimated useful life is complete (As per Scugog s TCA Policy) and are in 2012 dollars This model includes 89% of Scugog s TCA s (Excludes land) Replacement costs for Roads (Gravel, HMA, LCB), Bridges and Culverts are based on WorkTech Asset Management Software projections All other replacement costs have been calculated using the Non-residential Building Construction Price Index (NRBCPI) Two (2) scenarios are presented in this model Scenario 1 assumes no capital program spending ($0) Scenario 2 assumes existing capital program spending ($2,014,439 annually) BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 62

63 NEEDS TOWNSHIP OF SCUGOG Corpoate Needs Scenarios 1 & 2 Comparison 1,000,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, SCENARIO 1 SCENARIO 2 63

64 THE ESTIMATED INFRASTRUCTURE INVESTMENT GAP YEAR INVESTMENT NEED PROJECTED CAPITAL INVESTMENT YEAR INVESTMENT NEED PROJECTED CAPITAL INVESTMENT ,205, ,014, ,003, ,014, ,844, ,014, ,882, ,014, ,247, ,014, ,062, ,014, ,448, ,014, ,999, ,014, ,550, ,014, ,868, ,014, ,812, ,014, ,415, ,014, ,835, ,014, ,548, ,014, ,775, ,014, ,905, ,014, ,324, ,014, ,384, ,014, ,470, ,014, ,048, ,014, ,851, ,014, ,795, ,014, ,899, ,014, ,441, ,014, ,847, ,014, ,360, ,014, ,639, ,014, ,248, ,014, ,718, ,014, ,219, ,014, ,903, ,014, ,991, ,014, ,141, ,014, ,159, ,014, ,237, ,014, ,921, ,014, ,772, ,014, ,225, ,014, , ,014, ,616, ,014, ,709, ,014, TOTAL 778,854, ,591, GAP 696,262,

65 TOWNSHIP OF SCUGOG Corporate Infrastructure Investment Gap ,000, ,000, ,000, ,000, NEEDS $696,262, ,000, ,000, ,000, ,000, ,000, Estimated Infrastructure Needs Estimated Capital Investment 65

66 ROAD NETWORK 54% BREAKDOWN OF SCUGOG ASSETS BY REPLACEMENT VAULE 2010 Council Priority FURNITURE, FIXTURES & EQUIPMENT 1% VEHICLES & ROLLING EQUIPMENT 4% STORM WATER NETWORK 10% BUILDINGS 15% LAND IMPROVEMENTS 5% LAND 11% 66

67 ASSET CATEGORY (%) OF TOTAL TANGIBLE ASSETS (based on replacement value $) SPENDING PRIORITY 2012 RATING COMMENTS (major factors impacting scores) COMPARATIVE PREVIOUS 2011 RATING LAND 11% 8 B B LAND IMPROVEMENTS 5% 4 B B BUILDINGS 15% 2 C+ Select buildings are in need of repairs VEHICLES & ROLLING EQUIPMENT FURNITURE, FIXTURES & EQUIPMENT COMPUTER HARDWARE & SOFTWARE 4% 5 B B <1% 7 B B <1% 6 C Finance dept is in need of new financial software to manage operations ROAD NETWORK 54% 1 D Roads require crack sealing, gravel resurfacing, hot mix resurfacing and reconstruction STORM WATER NETWORK 10% 3 B B C+ C D SAMPLE SCUGOG INFRASTRUCTURE REPORT CARD 67

68 TOWNSHIP OF SCUGOG ROAD NETWORK = PRIORITY SELECT ROAD CONDITIONS 68

69 50 YEAR NEEDS MODEL ( ) AMP THE ROAD NETWORK This fifty (50) year financial needs model assumes adequate treatment to maintain the roads infrastructure The model (road network) represents 54% of Scugog s TCA s Road needs have been calculated using WorkTech asset management software which uses priority optimization Four (4) scenarios are presented in this model Scenario 1 assumes no capital program spending ($0) Scenario 2 assumes existing capital program spending ($1,000,000 annually) Scenario 3 assumes preservation capital program spending ($3,266,000 annually) Scenario 4 assumes optimal capital program spending ($5,020,000 annually) BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 69

70 TOWNSHIP OF SCUGOG Road Infrastructure Needs Scenario 1: No Capital Program Spending 350,000, ,000, ROAD INFRASTRUCTURE NEEDS 250,000, ,000, ,000, ,000, ,000, YEAR 70

71 TOWNSHIP OF SCUGOG Road Infrastructure Needs Scenario 2: $1,000,000 Annual Capital Program 350,000, ,000, ROAD INFRASTRUCTURE NEEDS 250,000, ,000, ,000, ,000, ,000, YEAR 71

72 TOWNSHIP OF SCUGOG Road Infrastructure Needs Scenario 3: $3,266,000 Annual Capital Program 350,000, ,000, ROAD INFRASTRUCTURE NEEDS 250,000, ,000, ,000, ,000, ,000, YEAR 72

73 TOWNSHIP OF SCUGOG Road Infrastructure Needs Scenario 4: $5,020,000 Annual Capital Program 350,000, ,000, ROAD INFRASTRUCTURE NEEDS 250,000, ,000, ,000, ,000, ,000, YEAR 73

74 ROAD INFRASTRUCTURE NEEDS TOWNSHIP OF SCUGOG Road Infrastructure Needs Scenarios 1-4 Comparison 350,000, ,000, ,000, ,000, ,000, ,000, ,000, YEAR SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 74

75 THE RED FLAG Can the Township of Scugog maintain their existing roads infrastructure (54% of TCA s) in a condition, which will provide appropriate levels of service at present levels of taxation and user fees? Analysis of Scenarios 2 & 3 Scenario 2 Annual Capital Program = $1,000, Need = $204,184,072 Scenario 3 Annual Capital Program = $3,266, Need = $84,497,439 Money needed for Scugog to fund scenario 3 = $2,266,000 $ 2,266,000/$ 98,000 (1% levy increase) = 23% annual levy increase to fund scenario 3 roads capital program Limited growth municipality BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 75

76 76

77 PRIORITIZATION VS. OPTIMIZATION Prioritization places TCA s on a priority list indicating which TCA s are to be replaced/treated first Optimization focuses on the efficient allocation of limited budgets to achieve some objective Municipalities with access to asset management software are able to produce priority optimization project schedules to maximize capital dollars The following slides will show the difference between two proposed capital spending scenarios BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 77

78 SAMPLE PRIORITY OPTIMIZATION PROJECT SCHEDULES Examples: Scenario 2: $1,000,000 Annual Capital Program Spending Scenario 3: $3,266,000 Annual Capital Program Spending

79 79

80 80

81 STOP #5 AMP Linked to Capital Budget (Investment Strategies) Debenture Rollover Strategy Independent Capital Reserve Account Strategy Bucket Allocation Strategy Capital Reserves or Cash to Capital Strategy Cash in Lieu of Future Road Needs Strategy Capital-Debt Strategy Debt Strategy Sale of Underutilized Assets Public-Private Partnerships (P3) Model Refer to pages in the report BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 81

82 SCUGOG S JOURNEY RECAP STOP #5 Investment Strategies STOP #1 Tangible Capital Asset Inventory Financial Needs Models Priority Optimization Schedules STOP #4 Asset Management Planning Process Scugog s Asset Management Planning Journey STOP #3 Financial Condition Assessment STOP #2 AMP Integrated into Corporate Plan 82

83 IMPORTANT QUESTIONS RECAP 1. Does your municipality have a comprehensive asset inventory? 2. Does your municipality have asset condition assessments on select/all tangible capital assets? 3. Have replacement costs for the majority of assets been determined? 4. Are annual contributions made to support the capital assets? If so, are you optimizing your capital investments? 5. Has your municipality attempted to identify the infrastructure investment gap? If so, has an action plan been developed to address the gap? BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 83

84 CASE STUDY KEY FINDINGS Scugog s journey revealed that municipal asset management plans and financial plans must be built on principles that include: Respect for the taxpayers money Clear and well defined objectives Ability and willingness to take on intellectual challenges Evidence based decisions Relentless reviews and conformity Mechanisms to measure productivity BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 84

85 CASE STUDY KEY MESSAGES I.M.A. = Identify Manage Address Identify Manage Address Financial Condition Assessment Estimated Infrastructure Needs Estimated Capital Investment = Infrastructure Gap (Over a Period of Time > 20 Years) Implement an appropriate asset management planning software system Optimize Investment ; Utilize Priority Optimization Schedules Long Term Financial Plan BACKGROUND & OBJECTIVES TRENDS & CHALLENGES AM & FP FRAMEWORK SCUGOG CASE STUDY 85

Municipal Asset Management & Financial Planning

Municipal Asset Management & Financial Planning JULY 2012 Municipal Asset Management & Financial Planning IN SMALLER MUNICIPALITIES A Comprehensive Research Paper & Case Study - Showcasing the Corporation of the Township of Scugog Includes: A framework

More information

2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation

2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation 2014 ASSET MANAGEMENT PLAN Building, Stormwater & Linear Transportation Version 1 Table of Contents Executive Summary... 5 1.1 Background... 5 1.2 State of Local Infrastructure... 5 1.3 Desired Levels

More information

EXECUTIVE SUMMARY. Asset Management Relationships and Dependencies. Introduction

EXECUTIVE SUMMARY. Asset Management Relationships and Dependencies. Introduction EXECUTIVE SUMMARY Introduction The Asset Management Plan demonstrates sound stewardship of the Region s existing assets to support services at desired levels and to ensure the support of the Region s infrastructure

More information

Ingersoll Long Range Financial Plan (LRFP) Facilitated Session. Purpose of Session. Introduction to Long Range Financial Plan

Ingersoll Long Range Financial Plan (LRFP) Facilitated Session. Purpose of Session. Introduction to Long Range Financial Plan Ingersoll Long Range Financial Plan (LRFP) Facilitated Session Purpose of Session Introduction to Long Range Financial Plan Review and Discuss Financial Condition Assessment and Draft Policies Review and

More information

Alberta Municipal Sustainability Strategy Self-Assessment Questionnaire. Promoting Municipal Sustainability

Alberta Municipal Sustainability Strategy Self-Assessment Questionnaire. Promoting Municipal Sustainability Alberta Municipal Sustainability Strategy Self-Assessment Questionnaire Promoting Municipal Sustainability This page intentionally left blank INTRODUCTION Sustainable, responsive, and accountable municipal

More information

Town of Mattawa Asset Management Plan. December 2013

Town of Mattawa Asset Management Plan. December 2013 Town of Mattawa Asset Management Plan December 2013 2 P a g e Town of Mattawa Asset Management Plan Executive Summary This Asset Management Plan is intended to describe the infrastructure owned, operated,

More information

The Corporation of the Municipality of Callander. Asset Management Plan

The Corporation of the Municipality of Callander. Asset Management Plan The Corporation of the Municipality of Callander Asset Management Plan April 2014 1 Index A) Executive Summary P. 3 B) Introduction P. 4 C) State of Local Infrastructure P. 7 D) Expected Levels of Service

More information

Asset Management Plan

Asset Management Plan Asset Management Plan Final Report May 2014 EXECUTIVE SUMMARY Adequate municipal infrastructure such as roads, bridges, and underground water and sewage pipes are essential to economic development, citizen

More information

Community Improvement Venture Initiative Preliminary Review and Business Case Presentation to Council, June 22, 2015

Community Improvement Venture Initiative Preliminary Review and Business Case Presentation to Council, June 22, 2015 Community Improvement Venture Initiative Preliminary Review and Business Case Presentation to Council, June 22, 2015 Study Background Community Improvement Venture Initiative (CIVI) is one of six key recommendations

More information

The Town of Fort Frances

The Town of Fort Frances The Town of Fort Frances Long-Term Capital Financial Plan POLICY Resolution Number: 391 (Consent) 12/09 SECTION ADMINISTRATION AND FINANCE NEW: December 2009 REVISED: Supercedes Resolution No. Policy Number:

More information

ASSET MANAGEMENT PLAN

ASSET MANAGEMENT PLAN Tof Proud Heritage, Exciting Future ASSET MANAGEMENT PLAN 1 TABLE OF CONTENTS PAGE 3 OVERVIEW 8 FACILITIES 12 FLEET 16 PLAYGROUND EQUIPMENT 19 ROADWAYS 23 BRIDGES 26 WATER RELATED ASSETS 2 One of the goals

More information

The City of Owen Sound Asset Management Plan

The City of Owen Sound Asset Management Plan The City of Owen Sound Asset Management Plan December 013 Adopted by Council March 4, 014 TABLE OF CONTENTS 1 EXECUTIVE SUMMARY... 1 INTRODUCTION....1 Vision.... What is Asset Management?....3 Link to

More information

Asset Management Plan Final Report

Asset Management Plan Final Report AssetManagementPlan FinalReport DillonConsultingLimited 10FifthStreetSouth Chatham,ONN7M4V4 T:519-352-7802 F:519-354-2050 May,2014 www.dillon.ca EXECUTIVE SUMMARY Public infrastructure is central to our

More information

ASSET MANAGEMENT PLAN

ASSET MANAGEMENT PLAN ASSET MANAGEMENT PLAN REPORT Prepared for: Township of South Frontenac December 2013 RVA 132914 This report is protected by copyright and was prepared by R.V. Anderson Associates Limited for the account

More information

Bridges & Culverts Condition by Quantity

Bridges & Culverts Condition by Quantity 3.4.3 What condition is it in? Approximately 93% of the municipality s bridge structures are in good to excellent condition, with the remaining 7% in fair condition. As a result, the municipality received

More information

Strategic Plan 2012-2022 Where our past guides the future

Strategic Plan 2012-2022 Where our past guides the future Township of Wellesley Township of Wellesley Strategic Plan 2012-2022 Where our past guides the future Progress Report Summer 2012 STRATEGIC PLAN TABLE OF CONTENTS Township of Wellesley Mission & Vision

More information

Township of Terrace Bay Drinking Water System Financial Plan

Township of Terrace Bay Drinking Water System Financial Plan Township of Terrace Bay Drinking Water System Financial Plan August 2014 Introduction Municipalities in Ontario recently adopted a full accrual accounting approach to tangible municipal assets in accordance

More information

Township of Amaranth. Asset Management Plan Report

Township of Amaranth. Asset Management Plan Report Township of Amaranth Prepared By: R.J. Burnside & Associates Limited 15 Townline Orangeville ON L9W 3R4 Prepared for: Township of Amaranth File No: 300033404 The material in this report reflects best judgement

More information

TABLE OF CONTENTS 2013 BUSINESS PLANS & BUDGETS GENERAL PROPERTY TAX REQUIREMENTS

TABLE OF CONTENTS 2013 BUSINESS PLANS & BUDGETS GENERAL PROPERTY TAX REQUIREMENTS TABLE OF CONTENTS 2013 BUSINESS PLANS & BUDGETS GENERAL PROPERTY TAX REQUIREMENTS If you would like to see the Detailed 2013 Business Plans & Budgets for General Property Tax Requirements, please left

More information

cugog TOWNSHIP OF Ian

cugog TOWNSHIP OF Ian TOWNSHIP OF cugog EDUCATION AND TRAINING SESSION AGENDA MONDAY, OCTOBER 28, 2013 AT 9:00 A.M. IN COUNCIL CHAMBERS Road and Bridge Asset Management Plan The What and the How 9:00 a.m. The What Ian Roger

More information

Online Tutorial FINANCIAL SUSTAINABILITY PLAN TOWN OF AJAX 2013. Index Print Exit u www.ajax.ca

Online Tutorial FINANCIAL SUSTAINABILITY PLAN TOWN OF AJAX 2013. Index Print Exit u www.ajax.ca Online Tutorial FINANCIAL SUSTAINABILITY PLAN TOWN OF AJAX 2013 Index Print Exit u 1 WELCOME MESSAGE In June 2013, Council approved a Financial Sustainability Plan (FSP), the most comprehensive update

More information

Continuing our journey on delivering high quality financial services. FINANCE. Strategic Plan

Continuing our journey on delivering high quality financial services. FINANCE. Strategic Plan Continuing our journey on delivering high quality financial services. FINANCE Strategic Plan 2013-2014 City of Greater Sudbury The City of Greater Sudbury provides municipal services to approximately 160,000

More information

CITY OF GREATER SUDBURY. Municipal Roads, Structures and Related Infrastructure. Final Report. July 10, 2012

CITY OF GREATER SUDBURY. Municipal Roads, Structures and Related Infrastructure. Final Report. July 10, 2012 CITY OF GREATER SUDBURY Financial Planning for Municipal Roads, Structures and Related Infrastructure Final Report July 10, 2012 Financial Planning for Roads Table of Contents I. Financial Planning for

More information

FINANCE DEPARTMENT 2012-2014 BUSINESS PLAN

FINANCE DEPARTMENT 2012-2014 BUSINESS PLAN FINANCE DEPARTMENT 2012-2014 BUSINESS PLAN Overview The Finance Department incorporates the vision of the City of Waterloo in its day-to-day activities by providing customer service by; advising, assisting

More information

Financial Statement Guide. A Guide to Local Government Financial Statements

Financial Statement Guide. A Guide to Local Government Financial Statements Financial Statement Guide A Guide to Local Government Financial Statements January, 2012 Ministry of Community, Sport and 1 Financial Statement Guide Table of Contents Introduction Legislative Requirements

More information

Town of Huntsville Municipal Asset Management Plan

Town of Huntsville Municipal Asset Management Plan Town of Huntsville Municipal Asset Management Plan Adopted by Council (Resolution 470-13) December 20, 2013 1 P age Table of Contents Executive Summary... 3 Introduction... 4 State of Local Infrastructure...

More information

Asset Management Plan

Asset Management Plan Asset Management Plan Table of Contents Executive Summary... 5 Asset Management Plan... 6 Introduction... 6 Financial Overview... 10 Conclusion... 10 Attached Appendices... 10 Asset Management Strategy...

More information

ASSET MANAGEMENT PLAN

ASSET MANAGEMENT PLAN ASSET MANAGEMENT PLAN DECEMBER 2013 (Released in August 2014) Asset management planning is the process of making the best possible decisions regarding the building, operating, maintaining, renewing, replacing

More information

LONDON CORPORATE ASSET MANAGEMENT PLAN 2014

LONDON CORPORATE ASSET MANAGEMENT PLAN 2014 LONDON CORPORATE ASSET MANAGEMENT PLAN 2014 ACKNOWLEDGEMENT Acknowledgement The Corporate Asset Management office would like to acknowledge the efforts of the staff of the individual City of London Service

More information

If this information is required in an accessible format, please contact 1-800-372-1100 ext. 2305

If this information is required in an accessible format, please contact 1-800-372-1100 ext. 2305 If this information is required in an accessible format, please contact 1-800-372-1100 ext. 2305 The Regional Municipality of Durham Report to: The Finance & Administration Committee From: R.J. Clapp,

More information

TOWN OF GRIMSBY ASSET MANAGEMENT PLAN

TOWN OF GRIMSBY ASSET MANAGEMENT PLAN TOWN OF GRIMSBY ASSET MANAGEMENT PLAN August 20, 2014 DFA Infrastructure International Inc. Executive Summary ES1 Background The Town of Grimsby (Town) with a population of approximately 25,325 is located

More information

Asset Management Plan 2013-2022

Asset Management Plan 2013-2022 Asset Management Plan 2013-2022 Limitations and Disclosure This document has been prepared by Infrastructure Solutions Inc. ( ISI ) for the exclusive use of the Town of Blind River (the Client ). The information,

More information

2012-2016 Business Plan Summary

2012-2016 Business Plan Summary Owner: 2012-2016 Business Plan Summary Program Corporate, Operational & Council Services Service grouping Financial Management Service Type Internal Service Larry Palarchio, Director of Financial Planning

More information

5 YEAR FINANCIAL PLAN (2013-2017)

5 YEAR FINANCIAL PLAN (2013-2017) CITY OF RICHMOND 5 YEAR FINANCIAL PLAN (2013-2017) BYLAW NO. 8990 EFFECTIVE DATE February 25, 2013 - 2 - Bylaw 8990 5 Year Financial Plan (2013-2017) The Council of the City of Richmond enacts as follows:

More information

2012-2016 Business Plan Summary

2012-2016 Business Plan Summary Owner: 2012-2016 Business Plan Summary Program Corporate, Operational & Council Services Service grouping Corporate Services Service Type Internal Service Tom Johnson, Managing Director - Corporate Assets,

More information

DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS

DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS DISTRICT OF NORTH VANCOUVER Our goal at North Vancouver District is to make information sharing and reporting convenient, accessible and relevant

More information

ASSET MANAGEMENT PLAN Town of Newmarket

ASSET MANAGEMENT PLAN Town of Newmarket Town of Newmarket December 23, 2014 1 Acknowledgements The development of the Town of Newmarket s first Asset Management Plan was based on the contributions of many Town staff. This acknowledgement is

More information

Understanding Mississippi Property Taxes

Understanding Mississippi Property Taxes Understanding Mississippi Property Taxes The Mississippi Association of Supervisors with the Center for Governmental Training and Technology Mississippi Property Tax Primer Property tax revenues are a

More information

Enabling Strategy. April 2013

Enabling Strategy. April 2013 Charting our Course Enabling Strategy Long INFORMATION Term Financial TECHNOLOGY Planning Strategy April 2013 Long Term Financial Planning Strategy The Long Term Financial Planning Strategy applies a disciplined

More information

Township of Selwyn Tax Levy Impact Summary $ % Gross Tax Levy Increase $247,166 4.09% Net Tax Levy Increase $181,077 3.00%

Township of Selwyn Tax Levy Impact Summary $ % Gross Tax Levy Increase $247,166 4.09% Net Tax Levy Increase $181,077 3.00% Tax Levy Impact Summary $ % Amounts Increase Taxation requirement - 2015 $6,283,725 Taxation requirement - 2014 ($6,036,559) Gross Tax Levy Increase $247,166 4.09% Less: Adjustment for Real Assessment

More information

POLICY. Effective Date: Approval Level: Policy #: Revision #:

POLICY. Effective Date: Approval Level: Policy #: Revision #: Department: Corporate Services Effective Date: 203-0-0 Division: Financial Services Approval Level: Council Section/Facility: Capital Financing and Debt.0 PURPOSE. This Policy establishes:. The goals that

More information

Management Initiatives in Ontario School Boards: Supporting Student Achievement by Minimizing Distractors

Management Initiatives in Ontario School Boards: Supporting Student Achievement by Minimizing Distractors Management Initiatives in Ontario School Boards: Supporting Student Achievement by Minimizing Distractors Nancy Naylor Assistant Deputy Minister Business and Finance Division Ontario Ministry of Education

More information

The Corporation of the City of Nelson

The Corporation of the City of Nelson The Corporation of the City of Nelson Agenda 1. Introduction 2. Council Priorities & Strategic Direction 3. 2012 2016 Financial Plan Process 4. Proposed 2012 2016 Financial Plan Presentation 5. City Assets/Reserves/Debt

More information

Capital and Debt. Finance Committee December 6, 2010

Capital and Debt. Finance Committee December 6, 2010 Capital and Debt Finance Committee December 6, 2010 Presentation Outline Definitions and Background Data - Wayland and peer comparisons - Current debt levels, ability to borrow, measurements Past/Current

More information

Fiscal Impact Analysis of the Annexation Proposed by the Town of Beaumont. Leduc County FINAL REPORT

Fiscal Impact Analysis of the Annexation Proposed by the Town of Beaumont. Leduc County FINAL REPORT Fiscal Impact Analysis of the Annexation Proposed by the Town of Beaumont Leduc County FINAL REPORT Suite 2220 Sun Life Place 10123 99 Street Edmonton, Alberta T5J 3H1 T 780.425.6741 F 780.426.3737 www.think-applications.com

More information

Overview of the Greater Toronto Area

Overview of the Greater Toronto Area Overview of the Greater Toronto Area Presentation to the Atlanta Leadership Delegation Mississauga, Ontario May 6, 2015 Enid Slack Institute on Municipal Finance and Governance University of Toronto Outline

More information

PROFESSIONAL AND INSTITUTIONAL DEVELOPMENT PROGRAM: PROGRAM GUIDELINES

PROFESSIONAL AND INSTITUTIONAL DEVELOPMENT PROGRAM: PROGRAM GUIDELINES PROFESSIONAL AND INSTITUTIONAL DEVELOPMENT PROGRAM: PROGRAM GUIDELINES 0 INTRODUCTION 2 PROGRAM OBJECTIVE 2 Existing Governance Resources 3 MANAGEMENT CONTROL FRAMEWORK 3 PROPOSAL PHASE 3 Submitting Proposals

More information

CITY OF SURREY BY-LAW NO. 16828. A by-law to provide for the adoption of the Surrey 2009 2013 Consolidated Financial Plan.

CITY OF SURREY BY-LAW NO. 16828. A by-law to provide for the adoption of the Surrey 2009 2013 Consolidated Financial Plan. CITY OF SURREY BY-LAW NO. 16828 A by-law to provide for the adoption of the Surrey 2009 2013 Consolidated Financial Plan. WHEREAS pursuant to Section 165 of the Community Charter being Chapter 26 of the

More information

COMPREHENSIVE ASSET MANAGEMENT STRATEGY

COMPREHENSIVE ASSET MANAGEMENT STRATEGY COMPREHENSIVE ASSET MANAGEMENT STRATEGY APPROVED BY SENIOR MANAGEMENT COMMITTEE ON AUGUST 23, 2012 (TO BE FINALIZED AFTER APPROVAL OF CAM POLICY BY COUNCIL) August 2012 Contents CONTENTS EXECUTIVE SUMMARY

More information

Township of Enniskillen. Asset Management Plan

Township of Enniskillen. Asset Management Plan Township of Enniskillen Asset Management Plan 2014 1 TABLE OF CONTENTS Page A. Introduction 3 B. State of Local Infrastructure 4 C. Desired Levels of Service 7 D. Asset Management Strategy 8 E. Financing

More information

THE ASSET MANAGEMENT PLAN FOR THE TOWNSHIP OF ASHFIELD-COLBORNE-WAWANOSH

THE ASSET MANAGEMENT PLAN FOR THE TOWNSHIP OF ASHFIELD-COLBORNE-WAWANOSH THE ASSET MANAGEMENT PLAN FOR THE TOWNSHIP OF ASHFIELD-COLBORNE-WAWANOSH 2013 SUBMITTED DECEMBER 2013 BY PUBLIC SECTOR DIGEST 148 FULLARTON STREET, SUITE 1410 LONDON, ONTARIO, N6A 5P3 State of the Infrastructure

More information

Policies & Procedures

Policies & Procedures Budget and Business Plan 2015 Policies & Procedures POLICIES & PROCEDURES Policies & Procedures Presentation of Halton Region s Financial Information General Guidelines Halton Region prepares and presents

More information

LEGISLATIVE REVENUE OFFICE H-197 State Capitol Building Salem, Oregon 97310-1347 http://www.leg.state.or.us/comm/lrohome.htm

LEGISLATIVE REVENUE OFFICE H-197 State Capitol Building Salem, Oregon 97310-1347 http://www.leg.state.or.us/comm/lrohome.htm STATE OF OREGON LEGISLATIVE REVENUE OFFICE H-197 State Capitol Building Salem, Oregon 97310-1347 http://www.leg.state.or.us/comm/lrohome.htm Research Report (503) 986-1266 Research Report #6-99 The New

More information

PART C: GENERAL BUSINESS CREDIT

PART C: GENERAL BUSINESS CREDIT PART C: GENERAL BUSINESS CREDIT 15. CREDIT FOR INVESTING IN PROPERTY IN SOUTH CAROLINA South Carolina Code 12-14-60 allows a taxpayer a credit against income taxes for qualified manufacturing and productive

More information

10.1.2 Corporate Asset Management Corporate, Operational & Council Services

10.1.2 Corporate Asset Management Corporate, Operational & Council Services HOW DOES THIS SERVICE CONTRIBUTE TO THE QUALITY OF LIFE IN THE CITY OF LONDON? The desired population results in the City of London s Strategic Plan: A Strong Economy, A Vibrant and Diverse Community,

More information

2014 Business Plan & Budget

2014 Business Plan & Budget 2014 Business Plan & Budget Finance Department Mission Statement To support our internal and external stakeholders in bringing together people, partnerships and possibilities to be financially strong and

More information

Business Plan: Corporate Asset Management

Business Plan: Corporate Asset Management Business Plan: Corporate Asset Management How does this service contribute to the results identified in the City of London Strategic Plan? A Strong Economy A Sustainable Infrastructure Corporate Asset

More information

1. How do Pickering s taxes compare to other Durham Region lakeshore municipalities?

1. How do Pickering s taxes compare to other Durham Region lakeshore municipalities? Budgeting Your City Frequently Asked Questions 1. How do Pickering s taxes compare to other Durham Region lakeshore municipalities? Pickering has held the lowest tax rate among Durham Region lakeshore

More information

Capital Improvement Program: Public Input and the Need for a Multi-year Plan

Capital Improvement Program: Public Input and the Need for a Multi-year Plan Attachment 1 OFFICE OF THE INDEPENDENT BUDGET ANALYST REPORT Date Issued: September 21, 2012 IBA Report Number: 12-39 Budget and Finance Committee Docket Date: September 26, 2012 Item Number: 8 OVERVIEW

More information

EXECUTIVE SUMMARY. ACTION REQUIRED Corporate Administration, Finance and Enterprise Committee to receive for information.

EXECUTIVE SUMMARY. ACTION REQUIRED Corporate Administration, Finance and Enterprise Committee to receive for information. STAFF REPORT TO Corporate Administration, Finance and Enterprise SERVICE AREA Finance and Enterprise DATE June 10, 2013 SUBJECT REPORT NUMBER Finance Department 2012 Report FIN-13-13 EXECUTIVE SUMMARY

More information

Water Utility Strategic Planning From Concept to Implementation

Water Utility Strategic Planning From Concept to Implementation Water Utility Strategic Planning From Concept to Implementation May 7, 2009 HDR Engineering, Inc. Presentation Overview Why Bother? Topics Administration, Customer Service, and Intradepartmental Master

More information

Capital Asset Management Plan

Capital Asset Management Plan 2013 County of Peterborough Capital Asset Management Plan December 18, 2013 Capital Asset Management Plan Preface The County of Peterborough owns, operates, and maintains a wide ranging inventory of tangible

More information

STRATEGIC FINANCIAL PLAN 2007 to 2010

STRATEGIC FINANCIAL PLAN 2007 to 2010 STRATEGIC FINANCIAL PLAN 2007 to 2010 January 2008 Table of Contents 1.0 Introduction Page 3 2.0 Linkage Long Term Financial Planning and the City s Community Strategic Plan Page 4 3.0 Why is Long Term

More information

A Quick Guide to Municipal Financial Statements MUNICIPAL AFFAIRS

A Quick Guide to Municipal Financial Statements MUNICIPAL AFFAIRS A Quick Guide to Municipal Financial Statements MUNICIPAL AFFAIRS June 2010 Alberta Municipal Affairs (2010) A Quick Guide to Municipal Financial Statements Edmonton: Alberta Municipal Affairs For more

More information

Municipal Accounting Manual

Municipal Accounting Manual Municipal Accounting Manual March 2013 Updated: November 2015 1 Table of Contents Introduction......1 Municipal Financial Statements Overview...... 2 Municipal financial statement purpose...... 2 Municipal

More information

Managing Capital Assets

Managing Capital Assets Managing Capital Assets A New Emphasis on a Traditional Role By Public Sector Digest Research and Shayne Kavanagh Capital asset management has become a topic of increasing interest for local governments,

More information

Financial Modeling and Forecasting Smart Practices

Financial Modeling and Forecasting Smart Practices Financial Modeling & Forecasting Smart Practices Financial Modeling and Forecasting Smart Practices Presented by Christopher J. Swanson Government Finance Research Group www.municast.com 1 www.municast.com

More information

Budget and Business Plan 2016. Glossary GLOSSARY

Budget and Business Plan 2016. Glossary GLOSSARY Budget and Business Plan 2016 Glossary GLOSSARY Glossary of Terms Term Accrual Accounting Actual Allocated Charges/Recoveries Allowance Amortization Annualization Assessment Base Budget Benchmarking Boards

More information

6 2011 FUNDING AND GRANTS ACTIVITIES REVIEW

6 2011 FUNDING AND GRANTS ACTIVITIES REVIEW Report No. 5 of the Planning and Economic Committee 6 2011 FUNDING AND GRANTS ACTIVITIES REVIEW The Planning and Economic Committee recommends the adoption of the recommendation contained in the following

More information

Financial Planning & Budgets

Financial Planning & Budgets 2006 Halton Region Budget & Business Plan Financial Planning & Budgets Financial Planning & Budgets Financial Planning and Budgets PROPOSED 2006 Key Divisional Objectives & BUSINESS PLAN Provide advice

More information

Mission, Vision and Values

Mission, Vision and Values Mission, Vision and Values The City of Greater Sudbury is a growing, world-class community bringing talent, technology and a great northern lifestyle together. We are committed to providing excellent access

More information

Township High School District #113 2014 Levy for Fiscal Year 2015-16

Township High School District #113 2014 Levy for Fiscal Year 2015-16 Township High School District #113 2014 Levy for Fiscal Year 2015-16 District #113 Vision Mission - Goals Vision Township High School District 113 provides a rigorous, equitable, student-centered education,

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questions What is new in Budget 2015? This year the City has moved to a full accrual budgeting process that will provide stakeholders with a better understanding of the long-term financial

More information

State of New Jersey Local Government Services

State of New Jersey Local Government Services State of New Jersey Local Government Services Year: 2015 Municipal User Friendly Budget MUNICIPALITY: 526 2 Municode: 1908 Filename: 1908_fba_2015.xlsm Website: greentwp.com Phone Number: 908-852-9333

More information

THE DISTRICT OF PORT HARDY 2013-2017 FINANCIAL PLAN PRESENTATION 6:30pm APRIL 9, 2013 Municipal Hall Council Chambers

THE DISTRICT OF PORT HARDY 2013-2017 FINANCIAL PLAN PRESENTATION 6:30pm APRIL 9, 2013 Municipal Hall Council Chambers THE DISTRICT OF PORT HARDY 2013-2017 FINANCIAL PLAN PRESENTATION 6:30pm APRIL 9, 2013 Municipal Hall Council Chambers Council Present: Mayor Parnham Councillors Dorward, Hemphill, Marcotte, Shaw, Tidbury

More information

Asset Management. Framework and Guidelines. Part 2 - Asset Management Guidelines for Western Australian Local Governments p1.

Asset Management. Framework and Guidelines. Part 2 - Asset Management Guidelines for Western Australian Local Governments p1. Asset Management Framework and Guidelines Part 2 - Asset Management Guidelines for Western Australian Local Governments p1. Contents Foreword 4 Part 1 Asset Management Framework 5 1. Introduction 7 2.

More information

Operations, Maintenance and Monitoring Branch Status Update

Operations, Maintenance and Monitoring Branch Status Update Operations, Maintenance and Monitoring Branch Status Update Presentation to Committee of the Whole Brett Bloxam Director, Operations, Maintenance and Monitoring March 20, 2014 #5405920 Agenda Overview

More information

Proposed 2015 2019 Five Year Financial Plan

Proposed 2015 2019 Five Year Financial Plan Proposed 2015 2019 Five Year Financial Plan Received by Committee of the Whole on March 2, 2015 Table of Contents Executive Summary -----------------------------------------------------------------------------

More information

THE CORPORATION OF THE CITY OF COURTENAY STAFF REPORT

THE CORPORATION OF THE CITY OF COURTENAY STAFF REPORT THE CORPORATION OF THE CITY OF COURTENAY STAFF REPORT To: Council File No.: 1705-20 / 1830-05 From: Chief Administrative Officer Date: January 21, 2015 Subject: PURPOSE: The purpose of this report is to

More information

Corporate Support Services. Council Presentation October 12, 2005

Corporate Support Services. Council Presentation October 12, 2005 Corporate Support Services Council Presentation October 12, 2005 We support City Services Fire & Emergency Library Roads & Watercourses Recreation & Parks Municipal Buildings Regulatory Services Transit

More information

Sustainability + Resilience

Sustainability + Resilience Sustainability + Resilience Fredericton s Journey By Tina Tapley The City of Fredericton, New Brunswick, has managed to not only see its way successfully through the economic turbulence of the last seven

More information

State of New Jersey Local Government Services

State of New Jersey Local Government Services A d o p t e d Year: 2015 Municipal User Friendly Budget MUNICIPALITY: 350 2 Municode: 1315 Filename: 1315_fba_2015.xlsm Website: www.freeholdboro.org Phone Number: 732-462-1410 Mailing Address: 51 West

More information

The Corporation of the TOWN OF MILTON

The Corporation of the TOWN OF MILTON Report to: From: Mayor G. A. Krantz and Members of Council Linda Leeds, Director, Corporate Services and Treasurer Date: June 28, 2010 Report No. CORS-058-10 Halton Healthcare Notice of Motion Subject:

More information

Financial Modeling and Forecasting Smart Practices

Financial Modeling and Forecasting Smart Practices Financial Modeling and Forecasting Smart Practices Presented by Christopher J. Swanson Government Finance Research Group www.municast.com 1 Financial Modeling & Forecasting Smart Practices www.municast.com

More information

Optimized Decision Modeling For Organizational Asset Management

Optimized Decision Modeling For Organizational Asset Management TANGIBLE CAPITAL ASSETS PHOTO: GARY J. WOOD Optimized Decision Modeling For Organizational Asset Management BY GRACE MCLENAGHAN, REGION OF PEEL Infrastructure state of good repair and availability of sustainable

More information

Village of Fruitvale 5 Year Financial Plan

Village of Fruitvale 5 Year Financial Plan Village of Fruitvale 5 Year Financial Plan What is a Financial Plan Required under the Community Charter Future planning for works and services Maintaining current service levels Consider future service

More information

Long Term Financial Planning & Asset Management. Fitting the pieces together

Long Term Financial Planning & Asset Management. Fitting the pieces together Long Term Financial Planning & Asset Management Fitting the pieces together DNV Highlights Information is stimulating new thinking & confidence in decision making Our plans are ~75% complete Our LTFP is

More information

Table of Contents. WATER AND WASTEWATER MODEL AND SITUATIONAL ANALYSIS 6 Model Development 6 10-Year Water/WW - Challenges, Risks and Opportunities 7

Table of Contents. WATER AND WASTEWATER MODEL AND SITUATIONAL ANALYSIS 6 Model Development 6 10-Year Water/WW - Challenges, Risks and Opportunities 7 Table of Contents LONG-RANGE FINANCIAL PLAN INTRODUCTION 1 Water and Wastewater Financial Plan 2 What is a Long Range Financial Plan 3 Importance of a Long Range Financial Plan 4 General Approach to Preparing

More information

PUBLIC STEWARDSHIP. Building a Long-Term Funding Policy for Infrastructure Maintenance BY MARILYN MILLER AND MARGARET BROWNE

PUBLIC STEWARDSHIP. Building a Long-Term Funding Policy for Infrastructure Maintenance BY MARILYN MILLER AND MARGARET BROWNE PUBLIC STEWARDSHIP Building a Long-Term Funding Policy for Infrastructure Maintenance BY MARILYN MILLER AND MARGARET BROWNE The City of Denver s Public Stewardship for a City Beautiful initiative was one

More information

TOWN OF LAKE COWICHAN. A Bylaw respecting the Financial Plan for the Town of Lake Cowichan

TOWN OF LAKE COWICHAN. A Bylaw respecting the Financial Plan for the Town of Lake Cowichan TOWN OF LAKE COWICHAN Bylaw No. 943-2014 A Bylaw respecting the Financial Plan for the Town of Lake Cowichan WHEREAS Section 165 of the Community Charter requires a Municipality to prepare and adopt, a

More information

Department of Information Technology

Department of Information Technology Department Overview Erin Devoto, Director & Chief Technology Officer (206) 684-0600 http://www.seattle.gov/doit The Department of Information Technology (DoIT) manages the City's information technology

More information

Asset Management Planning Tools and Resources. AMCTO 2015 Conference. Chris Terech Ministry of Municipal Affairs and Housing

Asset Management Planning Tools and Resources. AMCTO 2015 Conference. Chris Terech Ministry of Municipal Affairs and Housing Asset Management Planning Tools and Resources AMCTO 2015 Conference Chris Terech Ministry of Municipal Affairs and Housing Contents Tips for moving along the AMP continuum Tools and Resources Assessing

More information

Financial Services FINANCIAL SERVICES UTILITIES 57 FINANCIAL SERVICES AND UTILITIES 2016-2018 BUSINESS PLAN. CR_2215 Attachment 1

Financial Services FINANCIAL SERVICES UTILITIES 57 FINANCIAL SERVICES AND UTILITIES 2016-2018 BUSINESS PLAN. CR_2215 Attachment 1 CR_2215 Attachment 1 Financial Services FINANCIAL SERVICES & UTILITIES 57 FINANCIAL SERVICES AND UTILITIES 2016-2018 BUSINESS PLAN Acting Branch Manager: Stacey Padbury Table of Contents INTRODUCTION Our

More information

RE: 2014 Asset Management Plan. OBJECTIVE: To present Council with an Asset Management Plan and recommended implementation strategy moving forward.

RE: 2014 Asset Management Plan. OBJECTIVE: To present Council with an Asset Management Plan and recommended implementation strategy moving forward. HALDIMAND COUNTY Report PW-GM-01-2014 of the General Manager of Public Works For Consideration by RE: 2014 Asset Management Plan OBJECTIVE: To present Council with an Asset Management Plan and recommended

More information

CITY MANAGER $175,000 - $195,000. Plus Excellent Benefits. Apply by March 20, 2016 (open until filled)

CITY MANAGER $175,000 - $195,000. Plus Excellent Benefits. Apply by March 20, 2016 (open until filled) CITY MANAGER $175,000 - $195,000 Plus Excellent Benefits Apply by March 20, 2016 (open until filled) WHY APPLY? Located in south Lake Washington, just 10 minutes east of Seattle and 10 minutes west of

More information

Asset Management Plan 2015 Facilities and Transit

Asset Management Plan 2015 Facilities and Transit Asset Management Plan 2015 Facilities and Transit Prepared for Submitted by October 2015 Asset Management Plan Contents Section 1 Executive Summary Table of Content Section 2 Introduction Section 3 State

More information

Reality MYTH: PROPERTY TAXES ARE GOOD ENOUGH. Is the Property Tax Adequate?

Reality MYTH: PROPERTY TAXES ARE GOOD ENOUGH. Is the Property Tax Adequate? MYTH: PROPERTY TAXES ARE GOOD ENOUGH About AUMA AUMA represents 272 urban municipalities including cities, towns, villages, and summer villages. We work on a broad range of issues that impact our members

More information

FINANCIAL PLAN 2014-2018

FINANCIAL PLAN 2014-2018 City of Kamloops FINANCIAL PLAN 2014-2018 Financial Planning Process at a Glance The following schedule provides the dates for the Financial Plan process. July-September 2013 Budget preparation guidelines

More information

Branches Financial Services/Corporate Strategic Planning

Branches Financial Services/Corporate Strategic Planning Introduction Financial Services provides financial leadership to ensure the organization is financially sound, accountable and transparent in managing public funds. This is accomplished through sound fiscal

More information