The Long Term (Financial) Plan
|
|
- Whitney Lynch
- 8 years ago
- Views:
Transcription
1 The Long Term (Financial) Plan Chris Champion CEO, IPWEA
2 Sustainably managing your Community ASSET MANAGEMENT PLAN Services required, how provided & funds required FINANCIAL SUSTAINABILITY $$$ LONG TERM FINANCIAL PLAN How services are to be funded
3 NAMS.PLUS / LITE 3
4 AIFMG > LTFP PN
5 Municipal Government is asset rich and revenue poor
6 You manage more assets relative to income than other govts
7 You cannot manage long lived infrastructure from year to year
8 You need a long term sustainable plan for your community
9 3 steps to ensure sustainable service levels develop plan frame strategy target indicators
10 Develop 10yr long term financial plan
11 Accrual accounting principles importantly include depreciation
12 AM Plan projections minimising whole of life costs input into LTFP Expenditure Projections from Asset Management Plans Valuation Projections from Asset Management Plans
13 Your LTFP will have a strategic focus $Y1 $Y2 $Y3 $Y10 Revenue x 1 x 2 x 3 x 10 Expenses y 1 y 2 y 3 y 10 Capital Works z 1 z 2 z 3 z 10 Avail/needed cash a 1 a 2 a 3 a 10 Financial Perf Indicators b 1 b 2 b 3 b 10 Financial Perf targets c 1 c 2 c 3 c 10 where targeted performance is not projected to be achieved the plan should be revised Less 20pp Narrative overview Not too detailed Iterative process Year 0 Last FY Year 1 Budget
14 Document your key assumptions Rate of growth or decline will impact operating revenue & expenditure Mandated or discretionary service levels changes assumed Relative price variations over time use trend estimates; focus major outlays Use of real (net of inflation) values inter-year comparisons more meaningful Changes in revenue beyond your control
15 Frame your plan within a clear financial strategy
16 Target small underlying operating surplus on average over time Operating Result = Operating Revenue Expenditure Less Operating Include depreciation not Capital Outlays
17 Ongoing operating deficits imply running your assets down Taxes & charges less than cost of service Current policies & LOS unsustainable
18 Renewing or replacing ageing assets add little operating costs Acquiring new assets will! Depreciation not significantly different Operating & maintenance costs may decrease
19 Monitor projections against target financial indicators
20 $Y1 $Y2 $Y3 $Y10 Revenue x 1 x 2 x 3 x 10 Monitor Expenses y 1 y 2 y 3 y 10 projections Capital Works z 1 z 2 z 3 z 10 against target Avail/needed cash a 1 a 2 a 3 a 10 financial Financial Perf Indicators b 1 b 2 b 3 b 10 indicators Financial Perf targets c 1 c 2 c 3 c 10 where targeted performance is not projected to be achieved the plan should be revised
21 AIFMG s recommend you monitor 8 financial indicators 1. Operating surplus 2. Operating surplus ratio 3. Net financial liabilities 4. Net financial liabilities ratio 5. Interest cover ratio 6. Asset sustainability ratio 7. Asset consumption ratio 8. Asset renewal funding ratio
22 AIFMG s recommend you monitor 8 financial indicators 1. Operating surplus 2. Operating surplus ratio 3. Net financial liabilities 4. Net financial liabilities ratio 5. Interest cover ratio 6. Asset sustainability ratio 7. Asset consumption ratio 8. Asset renewal funding ratio
23 AIFMG s recommend you monitor 8 financial indicators 1. Operating surplus ratio % operating surplus/deficit varies from major controllable income source 2. Net financial liabilities ratio The significance of net amount owed (i.e., less money held, invested or owed to entity) compared with period s income 3. Asset renewal funding ratio Ratio NPV of asset replacement funding accommodated in 10yr plan relative to NPV capital renewal expenditures
24 Monitor projections against target financial indicators
25 Monitor projections against target financial indicators
26 Undertake sensitivity analysis of variation in assumptions & inputs
27 Undertake sensitivity analysis of variation in assumptions & inputs
28 Responsible use of debt is equitable even if sustainable Use to purchase new or upgraded assets Fund peaks in asset renewal LTFP helps understand capacity to borrow & implications
29 Review & revise your plan annually
30 Manage the gap (not just funding the gap) Understanding impact new assets Better asset information Timely maintenance Improved work practices Disposal of assets Alternative service delivery Lower levels of service Innovative solutions
31 You need long term plan to sustainably manage long lived infrastructure
32 3 steps to ensure sustainable service levels develop plan frame strategy target indicators
33 Ensuring adequate investment in community infrastructure
34 Sustainable infrastructure supporting viable communities
35 IPWEA resources to assist Community of Practice in AM IPWEA App Australian Infrastructure Financial Management Guidelines LTFP Practice Note coming soon
36
Session 1 Asset Management and Financial Planning
Session 1 Asset Management and Financial Planning Based on Australian Infrastructure Financial Management Guidelines John Howard, IPWEA NAMS.AU Project Manager Jeff Roorda & Associates AASHTO Workshops
More informationFinancial Sustainability Information Paper 8. Long-term Financial Plans
Financial Sustainability Information Paper 8 Long-term Financial Plans Revised January 2012 Introduction This Information Paper is one of a series of Information Papers about Financial Sustainability and
More informationInformation Paper 16. Long-term Financial Plan (A Model Format for Financial Information)
Information Paper 16 Long-term Financial (A Model Format for Financial Information) February 2008 LGA Long-term Financial (A Model Format for Financial Information) Information Paper Introduction The LGA
More informationFramework for Long Term Financial and Asset Management Planning for all Tasmanian Councils
TASMANIAN STATE GOVERNMENT and LOCAL GOVERNMENT ASSOCIATION OF TASMANIA Framework for Long Term Financial and Asset Management Planning for all Tasmanian Councils FINAL REPORT September 2009 Document Control
More informationLONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23
LONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23 INTRODUCTION Long term financial planning is a key element of the Integrated Planning and Reporting Framework. It is the mechanism that enables local
More informationLong Term Financial Plan 2014 2023 Adopted December 2013
Long Term Financial Plan 2014 2023 Adopted December 2013 District Council of Mallala CONTENTS 1 Introduction 1 2 Planning Framework 2 3 Assumptions 7 4 Summary & Financial Statements 10 Estimated Comprehensive
More informationLONG TERM FINANCIAL PLAN 2011/2012 2020/2021
LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 INDEX TO CONTENTS 1. Long Term Financial Planning Defined 1.1 Purpose 1.2 Principles 1.3 CEO Statement on Financial Sustainability 2. Impacts upon the Current
More informationAsset Management for Small, Rural or Remote Communities: BC & SK NAMS: The Canadian Pilot
institute of public works engineering australia Asset Management for Small, Rural or Remote Communities: BC & SK NAMS: The Canadian Pilot Chris Champion, CEO cchampion@ipwea.org.au LGAMWG BC, CANADA Asset
More informationIPWEA Practice Note No.6 Long- term Financial Planning
IPWEA Practice Note No.6 Long- term Financial Planning Practice Note No. 6 Long- term Financial Planning Verson1.0 January 2012 Page i This page intentionally blank Page ii Practice Note No. 6 Long- term
More informationRate Setting, Asset Management and Financial Sustainability. A guide for local governments June 2013
Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013 1 Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013
More informationNAMS.PLUS Asset Management Tools for Practitioners
NAMS.PLUS Asset Management Tools for Practitioners Vancouver, Oct 2009 Chris Champion Institute of Public Works Engineering Australia cchampion@ipwea.org.au Work within a na,onal framework Provide the
More informationLong Term Financial Planning
Long Term Financial Planning Framework and Guidelines Long Term Financial Planning Framework and Guidelines for Western Australian Local Governments p1. Contents Foreword 4 1. Introduction 7 2. Purpose
More informationDISTRICT COUNCIL OF LOWER EYRE PENINSULA
DISTRICT COUNCIL OF LOWER EYRE PENINSULA LONG TERM FINANCIAL PLAN 2011/12 TO 2020/21 UPDATE Prepared by DCLEP staff In February 2013 PURPOSE OF THE LONG TERM FINANCIAL PLAN The Long Term Financial Plan
More informationFinancial and Asset Management. Glossary of Terms and Abbreviations
Financial and Asset Management Glossary of Terms and Abbreviations ABP see Annual Business Plan Accrual accounting: An accounting approach by which expenses, revenue, assets and liabilities are recognised
More informationASSET MANAGEMENT STRATEGY
City of Salisbury ASSET MANAGEMENT STRATEGY Version 6 June 2015 City of Salisbury Asset Management Strategy Document Control Document Control NAMS.PLUS Asset Management www.ipwea.org/namsplus Document
More informationExecutive Summary. Purpose of the Long Term Financial Plan. General assumptions. Objectives of Long Term Financial Plan. Assumptions and forecasts
Contents Executive Summary... 1 Purpose of Long Term Financial Plan... 1 Objectives of Long Term Financial Plan... 1 Assumptions and forecasts... 1 General assumptions... 1 Revenue Forecasts... 3 Rates
More information1 What, Why and How? Best Management Practice: BMP D: Create a Long- Term Financial Plan. Meaning of Terms
Best Management Practice: BMP D: Create a Long- Term Financial Plan 1 What, Why and How? What is a long- term financial plan? A long- term financial plan estimates what your revenues and expenses will
More information2015-16 LONG TERM FINANCIAL PLAN
DECISION REPORT REPORT TITLE: ITEM NUMBER: 1 2015-16 LONG TERM FINANCIAL PLAN DATE OF MEETING: 24 FEBRUARY 2015 AUTHOR: RESPONSIBLE OFFICER: JOB TITLE: MICHAEL CAREY STEPHEN FAULKNER GENERAL MANAGER PEOPLE
More informationASSET MANAGEMENT STRATEGY
Wattle Range Council ASSET MANAGEMENT STRATEGY Version February 2014 V1 Wattle Range Council Asset Management Strategy Document Control Document Control NAMS.PLUS Asset Management www.ipwea.org.au/namsplus
More informationIntegrated Planning and Reporting
Government of Western Australia Department of Local Government Integrated Planning and Reporting Abridged Model - Long Term Financial Plan for reporting to local government councillors and the community
More informationUsing Strategic Financial Planning to Drive Change in your Organisation
Using Strategic Financial Planning to Drive Change in your Organisation Presented by: Jaclyn Schokman Coordinator Systems Accounting Moreton Bay Regional Council Presentation Outline What is the Strategic
More informationLocal Government Operational Guidelines. Number 18 June 2013. Financial Ratios
Local Government Operational Guidelines Number 18 June 2013 Page 2 of 20 1. Introduction This guideline is intended to provide a clear explanation of each ratio required to be included in the annual financial
More informationCity Planning - Council's Improvement Strategy
Warringah Council Policy Policy No. Number 1 Purpose of Policy The purpose of this policy is to establish the strategic financial planning and sustainability framework to guide Council when developing
More informationGlenorchy City Council Asset Management Strategy for Infrastructure Assets
Glenorchy City Council Asset Strategy for Infrastructure Assets 2014/15 to 2017/18 Version 1.3 June 2014 Glenorchy City Council Asset Strategy for Infrastructure Assets Document Control Document Control
More information2015-2025. LONG TERM FINANCIAL PLAN Page 1
2015-2025 LONG TERM FINANCIAL PLAN Page 1 1. Executive Summary... 4 2. Background... 5 2.1 Key Statistics... 5 2.2 City of Perth Strategic Priorities... 5 3. Integrated Planning and Reporting Framework...
More informationExecutive Summary. Model Structure. General Economic Environment and Assumptions
Executive Summary The (LTFP) report is an update from the preliminary report presented in January 2009 and reflects the Mayor s Proposed Budget for Fiscal Year 2010 and Fiscal Year 2011. Details of the
More informationFinancial Management Strategy & Long Term Financial Plan 2014/2015 2023/2024
Financial Management Strategy & Long Term Financial Plan 2014/2015 2023/2024 February 2014 Table of Contents Page 1.0 EXCUTIVE SUMMARY 1.1 Introduction 1.2 Financial Management Strategy 1.3 Long Term
More informationTable 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 informationASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY Adopted May 2011 Table of Contents Page 1. Introduction 3 2. Purpose 4 3. Asset Register System 4 4. Asset Management Working Group 4 5. Asset Management Plans 5 6. Condition
More informationASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY Version 3 - Final Adopted 19 February 2013 NAMS.PLUS Burnie City Council Asset Strategy Document Control Document Control NAMS.PLUS Asset www.ipwea.org.au/namsplus Document ID:
More informationIf 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 informationSignificant Forecasting Assumptions
Significant Forecasting Assumptions Budget and Forecasting Assumptions and Risk Assessment Schedule 10 of the Local Government Act 2002 requires that the Council identifies the significant forecasting
More informationFinancial 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 informationCity of Holdfast Bay. Long Term Financial Plan 2012/13 2031/32
City of Holdfast Bay Long Term Financial Plan 2012/13 2031/32 1 Framework The Local Government Act requires councils to have strategic management plans which must address: the sustainability of its financial
More informationInformation Paper 9. Local Government Financial Indicators
Information Paper 9 Local Government Financial Indicators November, 2006 Introduction Formal financial statements contain a wealth of information. Unfortunately their detail and format often mean it is
More informationA Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division
A Guide For Preparing The Financial Information Component Of An Asset Management Plan Licensing, Monitoring and Customer Protection Division July 2006 Contents 1 Important Notice 2 2 Scope and purpose
More information3 Year Financial Plan
3 Year Financial Plan 2012-2015 Contents Executive Summary 3 Recommendation 4 1. Balanced budget 5 2. Overview of process and methodology 5 3. Transition strategy 6 4. Statement of Financial Position
More informationCity of Brantford Water and Wastewater Ontario Regulation 453/07 Financial Plans. Financial Plan #063-301
City of Brantford Water and Wastewater Ontario Regulation 453/07 Financial Plans Financial Plan #063-301 May 26, 2015 Contents Page EXECUTIVE SUMMARY (i) 1. Introduction... 1-1 1.1 Study Purpose... 1-1
More informationLong-Term Asset Management Plan 2011-2021
Long-Term Asset Management Plan 2011-2021 Contents Introduction...3 A shared vision...4 Strategic planning to achieve our goals...4 Towards 2031...5 A long-term vision, communicated by our community...5
More informationState of Queensland. Published by the Department of Infrastructure and Planning, September 2010, 100 George Street, Brisbane Qld 4000.
Looking forward. Delivering now. The Department of Infrastructure and Planning leads a coordinated Queensland Government approach to planning, infrastructure and development across the state. State of
More informationShire of Murchison Long Term Strategic Financial Plan
Long Term Strategic Financial Plan 2009/10 to 2018/19 CONTENTS SECTION Subsection Page 1.1 Foreword 1.0 INTRODUCTION 1.2 CEO Executive Summary 1.3 Document Status 2.1 District Profile 2.2 Linkage with
More informationTOWN OF RICHMOND HILL WATER AND WASTEWATER ONTARIO REGULATION 453/07 FINANCIAL PLAN
TOWN OF RICHMOND HILL WATER AND WASTEWATER ONTARIO REGULATION 453/07 FINANCIAL PLAN Financial Plan #022-301 JUNE 3, 2010 CONTENTS Page 1. INTRODUCTION 1.1 Study Purpose 1-1 1.2 Background 1-1 1.2.1 Financial
More informationCalculator Descriptions and Assumptions: Updated 18/10/2013. Basic Loan Repayments
Calculator Descriptions and Updated 18/10/2013 Basic Loan Repayments This calculator compares 4 different loan scenarios using the minimum required inputs. The end statement compares the least expensive
More informationHORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION
HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION P1 P2 CONTENTS Executive Summary Financial Results Future
More informationFinancial 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 informationFinancial Analysis. Financial Analysis
Financial Analysis Eliciting information from the financial statements of a firm. Type of information sought depends on the person or firm involved. Who is interested? - Management for planning and evaluating.
More informationGuidelines for Minimum Standards Property Management Planning. Financial Management Module
Guidelines for Minimum Standards Property Management Planning Financial Management Module June 2011 June 2011 Acknowledgements All stakeholders who contributed to the development of the Financial Management
More informationIntroduction to Discounted Cash Flow and Project Appraisal. Charles Ward
Introduction to Discounted Cash Flow and Project Appraisal Charles Ward Company investment decisions How firms makes investment decisions about real projects (not necessarily property) How to decide which
More informationAsset Management Plan
City of Mitcham Stormwater Asset Management Plan Scenario 1 Version 8 June 2015 FINAL City of Mitcham STORMWATER ASSET MANAGEMENT PLAN Document Control Document ID : Mitcham SW AMP Dec14.doc Rev No Date
More informationInformation Paper 10. Debt Management
Information Paper 10 Debt Management February 2007 Introduction Local Government financial statements, like those of other spheres of government and the corporate sector, include a good many items of considerable
More informationIPWEA s Asset Management Tools
IPWEA s Asset Management Tools Practice Notes 34 NAMS.AU Practice Notes Published Condition Assessment Guidelines Preamble 1. Footpaths Condition Assessment Guidelines (2007) 2. K & C Condition Assessment
More informationLong Term Financial Plan 2014/15 2023/24
Long Term Financial Plan 2014/15 2023/24 May 2014 1 Index Executive Summary... 3 Background... 5 What is Financial Sustainability?... 6 Key Financial Issues and Challenges... 8 Responding to the Challenges...
More informationNOTICE: For details of the project history please look under the Work Plan section of this website.
NOTICE: This Exposure Draft is available to show the historic evolution of the project. It does not include changes made by the Board following the consultation process and therefore should not be relied
More informationLong 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 informationFinancial Plan #203-301B
The Corporation of the Township of Whitewater Region Financial Plan #203-301B Cobden Drinking Water System Licence #203-101 Beachburg Drinking Water System Licence #203-102 Haley Drinking Water System
More informationShire of Ashburton. Long Term Financial Plan 2015 2030
Shire of Ashburton Long Term Financial Plan 2015 2030 Preface Acknowledgement Development of this plan has been supported by the Department of Local Government and Communities and funding from the Royalties
More informationGuide to valuation and depreciation under the international accounting standards for the public sector [ Draft for comment ]
Guide to valuation and depreciation under the international accounting standards for the public sector [ Draft for comment ] Foreword Include notes This relates to IFRS and IPSAS only Recognise that some
More informationSustaining Local Assets. Local government asset management policy statement
Sustaining Local Assets Local government asset management policy statement December 2003 ISBN 0 646 42106 9 Authorised by the Victorian Government Address: Local Government Victoria Department for Victorian
More informationFundamentals Level Skills Module, Paper F9. Section A. Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50
Answers Fundamentals Level Skills Module, Paper F9 Financial Management December 2014 Answers Section A 1 A Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50 2
More informationAsset Management Policy
Printed copies of this document are uncontrolled. Before using this printed copy, check Council's Intranet to verify that this is a current copy. Asset Management Policy Reference Number: 4.7 Classification:
More informationFinancial 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 informationRecommended Solution
October 17, 2011 TM Recommended Solution Your Debt Reduction Goal: Increase cash flow by making debt payments smaller You ve indicated that you re fairly comfortable with your financial situation. Since
More informationCONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net
More informationFinancial and Cash Flow Analysis Methods. www.project-finance.com
Financial and Cash Flow Analysis Methods Financial analysis Historic analysis (BS, ratios, CF analysis, management strategy) Current position (environment, industry, products, management) Future (competitiveness,
More informationKEY COMPONENTS - Financial projections. Table B7.1 - Financial projections
KEY COMPONENTS - Financial projections Block A Historic cost profit and loss Table B7.1 - Financial projections 1 Total Income m 2 Surplus (before interest) m Full line title Total Income Full line title
More informationCity of Canning. Asset Management Strategy 2015 2018
City of Canning Asset Management Strategy 2015 2018 Document Control Version No Version Date Description TRIM Reference 1.0 11 December 2012 Asset Management Strategy D12/68776 2.0 23 September 2015 Updated
More informationDISTRICT 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 informationREPORT FEHMARNBELT FIXED LINK. Financial Analysis - February 2003. Main Results. March 2003. Prepared by Sund & Bælt / Femer Bælt
REPORT FEHMARNBELT FIXED LINK Financial Analysis - February 23 Main Results Prepared by Sund & Bælt / Femer Bælt March 23 A division of Sund & Bælt Holding A/S Vester Søgade 1 DK-161 Copenhagen V Tel.
More informationIn this chapter, we build on the basic knowledge of how businesses
03-Seidman.qxd 5/15/04 11:52 AM Page 41 3 An Introduction to Business Financial Statements In this chapter, we build on the basic knowledge of how businesses are financed by looking at how firms organize
More informationNEW YORK. Description of the Formula. District-Based Components
NEW YORK NOTE: The following is a high level summary of the NYS school finance system and not an exhaustive or comprehensive description of every school aid formula used in the State. Description of the
More informationFive Year Financial Plan. 2014-2015 to 2018-2019
Five Year Financial Plan 2014-2015 to 2018-2019 June 2014 Moreland City Council Five Year Financial Plan 2014-15 to 2018-19 C O N T E N T S 1. Executive Summary 1 2. Plan Preparation 3 3. Appraisal of
More informationCongressional Budget Office s Preliminary Analysis of President Obama s Fiscal Year 2012 Budget
Congressional Budget Office s Preliminary Analysis of President Obama s Fiscal Year 2012 Budget SUMMARY The Congressional Budget Office s (CBO) Preliminary Analysis of the President s FY 2012 Budget released
More informationA 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 informationPolicies & 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 informationBRIMBANK CITY COUNCIL. 2013-2023 Long Term Financial Plan. Brimbank City Council 2013-2023 Draft Long Term Financial Plan Page 1
BRIMBANK CITY COUNCIL 2013-2023 Long Term Financial Plan Brimbank City Council 2013-2023 Draft Long Term Financial Plan Page 1 Contents Long Term Financial Plan... 3 1. Executive Summary... 3 2 Strategic
More information1 Fiscal strategy and outlook
1 Fiscal strategy and outlook Features The 2015-16 Budget delivers the Government s election commitments, with key measures to revitalise the State economy and frontline service delivery, especially in
More informationFiscal Consolidation Study: Horicon and Mayville School Districts
Fiscal Consolidation Study: Horicon and Mayville School Districts November 23, 2015 Robert W. Baird & Co. Incorporated 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 800-792-2473 / 414-298-7354 Fax
More informationShort Term Finance and Planning. Sources and Uses of Cash
Short Term Finance and Planning (Text reference: Chapter 27) Topics sources and uses of cash operating cycle and cash cycle short term financial policy cash budgeting short term financial planning AFM
More information16. ASSET MANAGEMENT POLICY
16. ASSET MANAGEMENT POLICY Asset Management Policy Document No.: WT-HRM-16.00 Approved By: Council Issue No.: 1.00 Approved On: 10 June 2014 Responsibility: Infrastructure Services Department Review Date:
More informationReport of the Auditor-General No. 5 of 2013-14. Infrastructure Financial Accounting in Local Government. Strive Lead Excel To Make a Difference
Report of the Auditor-General No. 5 of 2013-14 Infrastructure Financial Accounting in Local Government December 2013 Strive Lead Excel To Make a Difference The Role of the Auditor-General The Auditor-General
More informationDetermination of Revenue Requirements for Municipal Utilities
Determination of Revenue Requirements for Municipal Utilities Mark Beauchamp, CPA President Utility Financial Solutions Determination of Revenue Requirements 1. Cash Reserve Policy 2. Debt Coverage Ratio
More informationSOL PLAATJE LOCAL MUNICIPALITY
SOL PLAATJE LOCAL MUNICIPALITY LONG TERM FINANCIAL PLANNING POLICY 1 P a g e TABLE OF CONTENTS TABLE OF CONTENTS... A 1. INTRODUCTION...1 2. PURPOSE OF THIS DOCUMENT...1 3. DEFINITIONS... 2 4. OBJECTIVES...
More informationWATER AND SEWERAGE FINANCIAL MANAGEMENT PLANNING
WATER AND SEWERAGE FINANCIAL MANAGEMENT PLANNING ABSTRACT Chris Adam, Cardno MBK (Qld) Pty Ltd In recent years, the utilities industries have been subject to far greater commercial scrutiny than ever before.
More information1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3
ASSET MANAGEMENT STRATEGY 2010-2020 November 2009 1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3 4. WESTERN AUSTRALIAN ASSET MANAGEMENT IMPROVEMENT PROGRAM
More informationCGAM022.1/12/10. Asset Management Improvement Strategy 2010
Asset Management Improvement Strategy 2010 Version Control Version No. Date Details Author/s 1.0 July 2009 Adopted Strategy 2.0 October 2010 Update TABLE OF CONTENTS OF CONTENTS 4 OF THE ASSET MANAGEMENT
More informationDebt Reduction Plan 2005 Debt Reduction and the Offshore Offset Agreement
Debt Reduction Plan 2005 Debt Reduction and the Offshore Offset Agreement Honourable Peter Christie Minister of Finance April 28, 2005 Contents Summary..................................1 Introduction...............................3
More informationA. To strategically utilize debt to fund mission critical projects;
Policy concerning: page 1 of 5 DEBT POLICY I. GOALS AND OBJECTIVES Teaching and learning form the core of Westfield State University s institutional mission. The university s strategic plan identifies
More informationShire of Three Springs Long Term Financial Plan 2012-2022 (Adopted)
Shire of Three Springs Long Term Financial Plan 2012-2022 (Adopted) Preface Reliance The professional advice and opinion in this report has been prepared for the exclusive use of the Shire of Three Springs
More informationAccounting Self Study Guide for Staff of Micro Finance Institutions
Accounting Self Study Guide for Staff of Micro Finance Institutions LESSON 5 Summarizing Changes in Financial Position OBJECTIVES The purpose of this lesson is to show how to summarize the transactions
More informationTownship 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 informationConsolidated Financial Results for Six Months Ended September 30, 2007
Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,
More informationCurrent Ratio - General Fund
Current Ratio - General Fund Are General Fund expenses able to be paid as they come due? Description: This measure is designed to focus on the liquidity position of the County s General Fund that has arisen
More informationThis week its Accounting and Beyond
This week its Accounting and Beyond Monday Morning Session Introduction/Accounting Cycle Afternoon Session Tuesday The Balance Sheet Wednesday The Income Statement The Cash Flow Statement Thursday Tools
More informationVULAMEHLO LOCAL MUNICIPALITY ASSET DISPOSAL POLICY
TABLE OF CONTENTS TABLE OF CONTENTS... A ABBREVIATIONS... B 1. PURPOSE OF THIS DOCUMENT... 1 2. DEFINITIONS... 2 3. CONSTITUTIONAL AND LEGAL BACKGROUND... 4 4. OBJECTIVES... 5 5. APPROVAL AND EFFECTIVE
More informationTHE CORPORATION OF THE TOWNSHIP OF SPRINGWATER
THE CORPORATION OF THE TOWNSHIP OF SPRINGWATER Drinking Water System: Financial Plan 128-301A January 2012 1 www.springwater.ca 2231 Nursery Road Minesing, Ontario L0L 1Y2 Canada DRINKING WATER SYSTEM:
More informationFINANCIAL TOOLKIT INTRODUCTION & USER GUIDE. January 1
January 1 FINANCIAL TOOLKIT 2014 A toolkit or Trainers Guide in the form of a series of separate Modules grouped progressively into four levels of training for delivery as workshops. The Guide is flexible
More informationWalmart reports Q1 FY 16 EPS of $1.03
Walmart reports Q FY 6 EPS of.03 Q diluted EPS from continuing operations was.03, within guidance of 0.95 to.0. Currency negatively impacted EPS by approximately 0.03. Walmart U.S..% comp includes positive
More informationPreliminary Results for the year ended 31 march 2010
Preliminary Results for the year ended 31 march 2010 Portsmouth Water Limited, a supplier of water to Hampshire and West Sussex, announced its results for the year to 31 March 2010. Highlights During the
More informationTotal Asset, Life Cycle, Wealth Management
Total Asset, Life Cycle, Wealth Management Total Asset, Life Cycle, Wealth Management is the management of total financial needs and total financial assets over an individual s lifetime. All financial
More informationThe Balance Sheet. A practical example & explanation Financial Services Division
The Balance Sheet A practical example & explanation Financial Services Division Published by the Communications Division for [insert Division Name] Division Department of Education and Early Childhood
More information