THE FEDERAL GAS TAX FUND
|
|
- Vivian Sherman
- 5 years ago
- Views:
Transcription
1 THE FEDERAL GAS TAX FUND Program Update Eastern Ontario Treasurers Association December 2016
2 ALL ABOUT THE FEDERAL GAS TAX FUND Page 2
3 FEDERAL GAS TAX FUND WHICH INFRASTRUCTURE PROJECT CATEGORY IS NOT ELIGIBLE? A. Local roads and bridges B. Protection services C. Wastewater services D. Recreation services E. Brownfield redevelopment 0% 0% 0% 0% 0% A. B. C. D. E. 3
4 WHERE GT FUNDS HAVE BEEN INVESTED? $5B transferred to 443 municipalities during $4.3B invested in 6,700 eligible projects 2015 Gas Tax Investment in Major Eligible Project Categories Local Roads and Bridges Public Transit Wastewater Solid Waste Community Energy Systems Drinking Water Capacity Building Recreation Culture Brownfield Redevelopment Disaster Mitigation Regional and Local Airports Sport Tourism Broadband Connectivity Short-Line Rail Short-Sea Shipping $44.27 $22.71 $19.67 $13.06 $7.59 $4.81 $0.90 $0.57 $0.20 $0.18 $0.03 $0.02 $0.02 $0.00 $0.00 $ $ In 2015, $586 million was invested into 1,200 infrastructure, community energy and capacity building projects Payments increased by 5% in 2016! $0 $100 $200 $300 $400 Millions Page 4
5 MUNICIPALITIES MAY USE THE GAS TAX FUNDS: A. Towards the full cost of an eligible project B. To support an eligible project that benefits from other funding sources C. To save for and/or invest in future eligible projects D. To finance long-term debt for eligible projects E. To develop and implement asset management plans F. All of the above 17% 17% 17% 17% 17% 17% A. B. C. D. E. F. 5
6 FEDERAL GAS TAX FUND DOES YOUR MUNICIPALITY HAVE AN INVESTMENT POLICY? A. Yes B. No C. Not sure 0% 0% 0% A. B. C. 6
7 A. Yes B. No FEDERAL GAS TAX FUND ARE YOU FAMILIAR WITH THE TERMS INCREMENTALITY AND BASE AMOUNT? 0% 0% A. B. 7
8 8
9 FEDERAL GAS TAX FUND ARE YOU AWARE OF AMO S GAS TAX COMMUNITY SITE? A. Yes B. No Treasurer is provided with login to the Gas Tax Reporting website 0% 0% A. B. 9
10 INTERACTIVE MAPPING TOOL OF PROJECTS 10
11 DEMONSTRATING PROJECT OUTCOMES Funds can be invested in 15 different infrastructure categories, community energy systems, or capacity building projects New national performance framework introduced in 2014 Focus of the program broadened from environmental outcomes to increase productivity and economic growth, and strengthen cities and communities Clean Environment Productivity & Economic Growth Strong Cities & Communities Community Energy Systems Local Roads and Bridges Disaster Mitigation Drinking Water Public Transit Recreational Wastewater Local and Regional Airports Cultural Solid Waste Broadband Connectivity Tourism Brownfield Redevelopment Short Sea Shipping / Short-Line Rail Sport Page 11
12 DEMONSTRATING PROJECT OUTCOMES The Agreement requires municipalities to report on how each completed project is supporting progress towards achieving: a) Beneficial impacts on communities; and b) Enhanced impact of funds as predictable source of funding Report on relevant project scope (output) and impact (at least one outcome) for projects from drop down list Direct Control Direct Influence Indirect Influence Inputs Activities Outputs Immediate Outcomes Intermediate Outcomes Final Outcomes what we invest what we do what we produce what we are trying to achieve 12
13 WHICH IS AN OUTCOME INDICATOR? Kingston s Road Rehabilitation - Baxter St, Sproule St, etc. A. 16 km resurfaced road B. $640,000 invested C. Pavement repairs D. Change in length of resurfaced road rated as good or above E. None of the above 0% 0% 0% 0% 0% A. B. C. D. E. 13
14 WHICH IS AN IMMEDIATE OUTCOME INDICATOR? Clarence-Rockland's Marion Storm Sewer Replacement A. Sanitary sewer replacements B. Clean environment C. Number of residents with access to rehabilitated sanitary sewers D. Total number of sanitary sewer backups E. 170 meters of replaced storm sewer 0% 0% 0% 0% 0% A. B. C. D. E. 14
15 MEASURING AND COMMUNICATING PROJECT RESULTS Updates to the on-line federal Gas Tax reporting tool Streamlining project reporting results requirement Less number and more clarity on measures New measures were developed through consultation with municipalities and the Province Streamlining communication requirement Help to build awareness of your GT Fund success stories Improving project descriptions showcasing your municipality Page 15
16 INFRASTRUCTURE IN MY COMMUNITY: GANANOQUE Page 16
17 SMOOTH ROADS IN PRESCOTT Page 17
18 FEDERAL GAS TAX FUND WHAT BEST DESCRIBES YOUR ASSET MANAGEMENT PLAN? A. Our Plan includes all infrastructure categories B. Our Plan only includes core infrastructure (e.g. transportation, environmental services) C. We don t have an AMP 0% 0% 0% A. B. C. 18
19 FEDERAL GAS TAX FUND DO YOU KNOW THE REPLACEMENT COST OF YOUR ASSETS? A. Yes, for all assets B. Yes, but for just some assets C. No, we don t know the replacement costs for most of our assets 0% 0% 0% A. B. C. 19
20 FEDERAL GAS TAX FUND HOW IS REPLACEMENT COST DETERMINED? A. Inflating historical costs B. Engineering estimates C. Combination of A and B 0% 0% 0% A. B. C. 20
21 ASSET MANAGEMENT PLAN REQUIREMENT Municipalities develop and implement an asset management plan by December 31, 2016 Over 95% of municipalities already have an asset management plan that captures core infrastructure Improve existing plans to include all infrastructure (tangible capital assets) eligible for Gas Tax funding If you own infrastructure in any eligible category, it should be included in your plan irrespective of whether you invest Gas Tax funds in that category Adhere to the guidelines set out in Ontario s Building Together: Guide for Asset Management Plans Must demonstrate progress to AMO Page 21
22 CAPACITY BUILDING CATEGORY Gas Tax funds can be used to develop and implement asset management plans Eligible asset management expenditures include: Software acquisition and implementation Condition assessments Staff training Other long-term infrastructure plans Page 22
23 ASSET MANAGEMENT OUTCOMES REQUIREMENT Municipalities are: Required to report on asset management outcomes Expected to identify and address priority projects using asset management plan AMO is required to: Track and report municipal sector s progress on asset management to Canada Which indicators do municipalities report on to demonstrate progress? Page 23
24 DEVELOPING ASSET MANAGEMENT OUTCOMES Roads and Bridges Study: 93 municipalities: combination of financial and condition data One-third of the assets were in poor to very poor condition Assets with condition data were performing better than what their age data suggests Research on Capital Investment and Financial Sustainability: Develop long-term financial strategies which will help municipalities implement their asset management plans Survey municipalities with contrasting fiscal challenges on topics like capital investment needs, reserve contributions, debt, etc. Report to be completed by Spring 2017 Page 24
25 ASSET MANAGEMENT OUTCOMES WORKING GROUP Proposed Asset Management Outcomes focused on 5 themes: Inclusion of more municipal infrastructure assets Better linkages between service levels and asset management Whether current service levels are monitored Whether target service levels are being met or not Improving data used to inform asset management plans More condition data Small municipalities can use a risk based approach Embedding asset management within municipal operations Whether priority projects identified in AMP are part of municipal capital budget Effectiveness of financial strategies Page 25
26 ASSET MANAGEMENT OUTCOME REQUIREMENT Starting with 2016 Gas Tax Reporting Cycle: Municipalities will annually report to AMO the percentage of infrastructure assets they own that are included in their asset management plan Percentage calculated as: Replacement cost of tangible capital assets included in asset management plan as a percentage of total replacement costs of all tangible capital assets reported in Schedule 51 of the Financial Information Return (FIR) Remaining outcomes will be reviewed and implemented after the potential asset management regulation under Bill 6 will come into effect Infrastructure for Job and Prosperity Act, 2015 Page 26
27 ASSET MANAGEMENT: A ROADMAP FOR THE FUTURE OF OUR COMMUNITIES Page 27
28 MUNICIPAL ACTION PLAN Understanding terms and requirements of the Gas Tax Agreement When in doubt contact us at 2015 Compliance Audit identified concerns with: Awareness on incrementality requirement and process in place for annual monitoring of Base Amount Procurement by-law, record retention by-law, investment policy Sample policies are available Gas Tax funds not tracked separately Must earn interest on unspent funds Risk management questionnaire Continue to work on refining asset management plans Ensure required data is available for demonstrating results for all projects completed during Page 28
29 QUESTIONS??? Eastern Ontario Treasurers Association
11 MUNICIPAL FUNDING AGREEMENT FOR THE TRANSFER OF FEDERAL GAS TAX REVENUES
Clause No. 11 in Report No. 12 of the was adopted, without amendment, by the Council of The Regional Municipality of York at its meeting held on June 26, 2014. 11 MUNICIPAL FUNDING AGREEMENT FOR THE TRANSFER
More informationAsset Management Outcomes
Asset Management Outcomes 2016 Gas Tax Reporting For the 2016 reporting year, the following questions have been developed to measure municipal sector s progress on Asset Management under the Federal Gas
More informationGuide to the Municipal Funding Agreement for the transfer of Federal Gas Tax Funds
Guide to the Municipal Funding Agreement for the transfer of Federal Gas Tax Funds April 2014 Administered by: Association of Municipalities of Ontario 200 University Avenue, Suite 801 Toronto ON M5H 3C6
More information2014 Gas Tax Annual Expenditure Report January 1, December 31, 2014
2014 Gas Tax Annual Expenditure Report January 1, 2014 - December 31, 2014 UBCM January 1, 2014 to December 31, 2014 Cumulative Date of Signing Opening Balance of Unspent Funding 325,401,993.65 325,401,993.65
More informationFEDERAL GAS TAX AGREEMENT MUNICIPAL Q AND A s. How much funding will be provided to municipalities under the new Gas Tax Agreement?
FEDERAL GAS TAX AGREEMENT MUNICIPAL Q AND A s NEW GAS TAX AGREEMENT How much funding will be provided to municipalities under the new Gas Tax Agreement? Manitoba municipalities can expect to receive almost
More informationFederal Gas Tax Fund. Handbook
Federal Gas Tax Fund Handbook November 2016 Table of Contents Introduction 3 Who you can Contact for Further Support 3 History of Federal Gas Tax 3 Allocation and Payments to Municipalities 4 Small Communities
More informationNew Federal Gas Tax Fund Department of Municipal Affairs
New Federal Gas Tax Fund 2014-2024 Department of Municipal Affairs New Gas Tax Agreement Negotiations complete and Canada-NS Agreement signed in effect as of April 1, 2014 http://www.infrastructure.gc.ca/prog/agreements-ententes/gtf-fte/2014-
More informationGuide to AMO s Gas Tax Reporting Module
Guide to AMO s Gas Tax Reporting Module 2018 Reporting Year For Release: January, 2019 Disclaimer: This guide has been developed to help municipalities meet the reporting requirements of the Municipal
More informationUpdate on Municipal Asset Management Planning
Update on Municipal Asset Management Planning Municipal Finance Officers Association Conference Ontario Ministry of Infrastructure September 20, 2017 Overview Municipal asset management planning in Ontario
More informationTransfer of Federal Gas Tax Revenues Under the New Deal for Cities and Communities. Municipal Funding Agreement Guide.
Transfer of Federal Gas Tax Revenues Under the New Deal for Cities and Communities Municipal Funding Agreement Guide January 2010 Administered by: Association of Municipalities of Ontario 200 University
More informationStrategic Asset Management Policy
Strategic Asset Management Policy Submission Date: 2018-04-24 Approved by: Council Approval Date: 2018-04-24 Effective Date: 2018-04-24 Resolution Number: Enter policy number. Next Revision Due: Enter
More informationMUNICIPALITY OF MISSISSIPPI MILLS. plan. December, 2016
MUNICIPALITY OF MISSISSIPPI MILLS plan December, 2016 PREFACE This Asset Management Plan is intended to describe the infrastructure owned, operated and maintained by the Municipality of Mississippi Mills
More informationThat the report from the Director of Finance regarding the Strategic Asset Management Policy, dated June 20, 2018, be received; and
Staff Report To: From: Mayor and Council Jeff Schmidt, Director of Finance Date: June 20, 2018 Subject: Strategic Asset Management Policy Report Highlights Provincial regulation (O.Reg. 588/17 - Asset
More informationDEVELOPMENT CHARGES & ASSET MANAGEMENT: FULFILLING THE NEW REQUIREMENTS OF THE DCA. Monday, June 12, 2017
DEVELOPMENT CHARGES & ASSET MANAGEMENT: FULFILLING THE NEW REQUIREMENTS OF THE DCA Monday, June 12, 2017 Today we will discuss Overview of Development Charges and Asset Management Regulatory Context Asset
More informationTownship of Essa. Asset Management Plan
Township of Essa Asset Management Plan For the Ten Year Period from 2014 to 2023 December 10, 2014 H:\Treasury\Finance\Budget F05\Essa Asset Management Plan\Essa Asset Management Plan 20141210.docx Page
More informationThe Federal Gas Tax Fund Annual Report Part I
The Federal Gas Tax Fund 2017 Annual Report Part I Investments of the federal Gas Tax Fund supported the: additional 148. Purchase of 51 new public transit vehicles and refurbishment or replacement of
More informationCanada s New Infrastructure Plan Phase 2 Programming/Funding SUBMISSION TO INFRASTRUCTURE CANADA FROM THE UNION OF BC MUNICIPALITIES
Canada s New Infrastructure Plan Phase 2 Programming/Funding SUBMISSION TO INFRASTRUCTURE CANADA FROM THE UNION OF BC MUNICIPALITIES September, 2016 INTRODUCTION The Union of British Columbia Municipalities
More informationASSET MANAGEMENT PLAN. HEMSON C o n s u l t i n g L t d. 30 Saint Patrick Street, Suite 1000 Toronto, ON, M5T 3A3
ASSET MANAGEMENT PLAN C o n s u l t i n g L t d. 30 Saint Patrick Street, Suite 1000 Toronto, ON, M5T 3A3 March 2017 TABLE OF CONTENTS EXECUTIVE SUMMARY... 1 A. STATE OF THE LOCAL INFRASTRUCTURE... 1 B.
More informationREGIONAL DISTRICT OF NORTH OKANAGAN
REGIONAL DISTRICT OF NORTH OKANAGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 CONTENTS Management's Statement of Responsibility 1 Independent Auditor's Report 2 Financial Statements Statement
More informationCorporation of the Municipality of Red Lake Consolidated Financial Statements For the year ended December 31, 2017
Corporation of the Municipality of Red Lake Consolidated Financial Statements For the year ended December 31, 2017 Contents Management's Responsibility for the Financial Statements 2 Independent Auditor's
More informationImplementation of the Gas Tax Funding Agreement in Manitoba. Annual Implementation Report for the Period of April 1, 2012 to March 31, 2013
Implementation of the Gas Tax Funding Agreement in Manitoba Annual Implementation Report for the Period of April 1, 2012 to March 31, 2013 October 2013 Table of Contents Introduction.... 5 Oversight Committee..
More informationASSET MANAGEMENT PLAN EXECUTIVE SUMMARY
ASSET MANAGEMENT PLAN EXECUTIVE SUMMARY To ensure our municipal assets are maintained and renewed INDEX in a responsible and financially sustainable manner. 2016 INTRODUCTION Our first Asset Management
More informationAMP2016. i t r i g e s t. c o w w w. p u b l i c s e c t o r d i g e s t. c o m. The 2016 Asset Management Plan for the Township of Hamilton
AMP2016 i t r i g e s t. c o w w w. p u b l i c s e c t o r d i g e s t. c o m The 2016 Asset Management Plan for the Township of Hamilton SUBMITTED BY THE PUBLIC SECTOR DIGEST INC. (PSD) WWW.PUBLICSECTORDIGEST.COM
More informationCity of Welland. Comprehensive Asset Management Plan. GMBP File: January 13, Prepared By:
Prepared By: City of Welland Comprehensive Asset Management Plan GMBP File: 614013 January 13, 2015 GUELPH OWEN SOUND LISTOWEL KITCHENER EXETER HAMILTON GTA 650 WOODLAWN RD. W., BLOCK C, UNIT 2, GUELPH
More informationCorporation of the Municipality of Red Lake Consolidated Financial Statements For the year ended December 31, 2017
Corporation of the Municipality of Red Lake Consolidated Financial Statements For the year ended December 31, 2017 Contents Management's Responsibility for the Financial Statements 2 Independent Auditor's
More informationSCHEDULE 74: Long Term Liabilities and Commitments
SCHEDULE 74: Long Term Liabilities and Commitments General Information Schedule 74 consists of the following sections 1 through 13. The corresponding worksheet in the FIR file is indicated next to the
More informationSTATUS OF ASSET MANAGEMENT IN BRITISH COLUMBIA RESULTS FROM THE 2016 GAS TAX FUND ASSET MANAGEMENT BASELINE SURVEY
STATUS OF ASSET MANAGEMENT IN BRITISH COLUMBIA RESULTS FROM THE 2016 GAS TAX FUND ASSET MANAGEMENT BASELINE SURVEY ACKNOWLEDGEMENTS The Union of BC Municipalities () acknowledges Asset Management BC and
More information2018 CAPITAL BUDGET CAPITAL PLAN
2018 CAPITAL BUDGET 2019-2027 CAPITAL PLAN This is administrations recommended 2018 Capital Budget to Red Deer City Council. Final decisions will be made as a part of Councils review changes may occur.
More informationAsset Management. Linking Levels of Service and Lifecycle Management Strategies Andrew Grunda Peter Simcisko
Asset Management Linking Levels of Service and Lifecycle Management Strategies Andrew Grunda Peter Simcisko 1 Introduction Topics that we will address today Review of Ontario Regulation 588/17 Defining
More informationThe regulation proposes that municipalities must prepare asset management plans which would meet the requirements of the regulation, such as:
PROPOSED ASSET MANAGEMENT PLANNING REGULATION BACKGROUND On May 25, 2017, the Ministry of Infrastructure released a proposed regulation under the Infrastructure for Jobs and Prosperity Act, 2015. The proposed
More informationStrategic Plan 2014 CONSOLIDATED FINANCIAL
Strategic Plan 2014 CONSOLIDATED FINANCIAL statements 1 TABLE OF CONTENTS Auditor's Report... 1 Consolidated Statement of Financial Position... 2 Consolidated Statement of Operations and Accumulated Surplus...
More informationMid-term Update: Regional Council s Strategic Plan & Priorities. Regional Chair Alan Caslin. Presentation to Town of Niagara-on-the- Lake July 2017
Mid-term Update: Regional Council s Strategic Plan & Priorities Regional Chair Alan Caslin Presentation to Town of Niagara-on-the- Lake July 2017 Progress & Success in 2016 50% through 2014-2018 term,
More informationEngineering & Construction Services
OPERATING PROGRAM SUMMARY Contents Overview I: 2016 2018 Service Overview and Plan 6 II: 2016 Budget by Service 13 III: Issues for Discussion 23 Appendices: 1. 2015 Performance 27 Engineering & Construction
More informationDate: December 5, 2017 To: Budget Committee From: Deputy City Manager Cluster B and Acting Chief Financial Officer Wards: Ward 30
EX31.2w REPORT FOR ACTION Port Lands Flood Protection Date: December 5, 2017 To: Budget Committee From: Deputy City Manager Cluster B and Acting Chief Financial Officer Wards: Ward 30 SUMMARY This report
More informationFY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability
FY 2018-19 Annual Budget: Mobility Solutions, Infrastructure, & Sustainability City Council Briefing August 15, 2018 Majed Al-Ghafry, Assistant City Manager Overview FY 2018-19 Budget by Strategic Priority
More informationAsset Management Program. Background
Asset Management Program Background The City is responsible for the maintenance and operation of assets valuing $2.8 billion. These assets are critical for the delivery of service levels expected by the
More informationReport to Committee of the Whole
Report to Committee of the Whole To: Mayor Linton and Members of Council Prepared By: Dan Wilson, Managing Director of Corporate Services / Treasurer Report: COR2018-10 Date: 19 Mar 2018 RE: Asset Management
More informationCHAIR AND MEMBERS CORPORATE SERVICES COMMITTEE MEETING ON JANUARY 10, 2017
TO: CHAIR AND MEMBERS CORPORATE SERVICES COMMITTEE MEETING ON JANUARY 10, 2017 FROM: SUBJECT MARTIN HAYWARD MANAGING DIRECTOR, CORPORATE SERVICES AND CITY TREASURER, CHIEF FINANCIAL OFFICER CORPORATE ASSET
More informationCORPORATION OF THE CITY OF CORNWALL CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS December 31, 2014 December 31, 2014 CONTENTS Page INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS Consolidated Statement of Financial Position 2 Consolidated Statement
More informationSCHEDULE 74: Long Term Liabilities and Commitments
SCHEDULE 74: Long Term Liabilities and Commitments General Information The Schedule 74 series consists of the following 13 sections. The corresponding worksheet in the FIR file is indicated next to the
More information2018 Draft Tax and Rate Supported Budgets. City Council November 8, 2017
2018 Draft Tax and Rate Supported Budgets City Council November 8, 2017 1 Overview Budget Directions All Tax & Rate Supported Operating Budget All Tax & Rate Supported Capital Budget Budget Timetable 2
More informationTOWN OF COLLINGWOOD ASSET MANAGEMENT PLAN
TOWN OF COLLINGWOOD ASSET MANAGEMENT PLAN JUNE 24, 2014 EXECUTIVE SUMMARY CONTENTS Page (i) 1. INTRODUCTION 1.1 Overview 1-1 1.2 Plan Development 1-1 1.3 Maintaining the Asset Management Plan 1-2 1.4
More informationCORPORATION OF THE TOWN OF ST. MARYS CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011
CORPORATION OF THE TOWN OF ST. MARYS CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 INDEPENDENT AUDITORS' REPORT To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town
More informationWaterfront Revitalization Initiative
CAPITAL BUDGET NOTES Waterfront Revitalization Initiative 2018 2027 CAPITAL BUDGET AND PLAN OVERVIEW The revitalization of Toronto's Waterfront is a 25 to 30 year project, in coordination with the three
More informationAsset Management Planning: Legislation & Integration
Asset Management Planning: Legislation & Integration AMCTO Conference Dan Wilson, Director Watson & Associates Economists Ltd. Val Sequeira, Director of Corporate Services/Treasurer Town of Gravenhurst
More informationAsset Management Plan Public Works, Social Housing, Parks and Recreation Infrastructure City of Brantford, Ontario
2017 Asset Management Plan Public Works, Parks and Recreation and Social Housing Infrastructure Asset Management Plan Public Works, Social Housing, Parks and Recreation Infrastructure City of Brantford,
More informationProvince of Nova Scotia Service Nova Scotia and Municipal Relations
v214-215.1.1 Province of Nova Scotia Service Nova Scotia and Municipal Relations FINANCIAL INFORMATION RETURN ( as prescribed by the Minister of Service Nova Scotia and Municipal Relations) FOR Municipality
More informationAMP2016. w w w. p u b lii c s e ctt orr di igg ee sst t.. cco o m. The 2016 Asset Management Plan for the Municipality of Grey Highlands
AMP2016 w w w. p u b lii c s e ctt orr di igg ee sst t.. cco o m The 2016 Asset Management Plan for the Municipality of Grey Highlands SUBMITTED BY THE PUBLIC SECTOR DIGEST INC. (PSD) WWW.PUBLICSECTORDIGEST.COM
More informationMUNICIPALITY OF MIDDLESEX CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016
FINANCIAL STATEMENTS FINANCIAL STATEMENTS -1- Independent Auditor's Report -2- Statement of Financial Position -3- Statement of Operations and Accumulated Surplus -4- Statement of Cash Flows -5- Statement
More informationPSAB Update. Bailey Church September 2017
PSAB Update Bailey Church September 2017 Overview of Current Changes to the Public Sector Accounting Standards - New Standards and Application Date Topic Effective Date years commencing on or after Introduction
More informationMAIN STREET ONTARIO S REVITALIZATION INITIATIVE GUIDE TO THE MUNICIPAL FUNDING AGREEMENT
ONTARIO S MAIN STREET REVITALIZATION INITIATIVE GUIDE TO THE MUNICIPAL FUNDING AGREEMENT CONTACT: mainstreets@amo.on.ca 200 University Avenue, Suite 801 Toronto, ON., M5H 3C6 P: 416.971.9856 MARCH 2018
More informationOntario Liberal Party FORWARD.TOGETHER Platform Highlights of Municipal Related Policies
September 6, 2011 Provincial Election 2011 Liberal Platform Bulletin #1 Ontario Liberal Party FORWARD.TOGETHER Platform Highlights of Municipal Related Policies The Liberal Party s platform FORWARD.TOGETHER
More informationAuditor General s Office
Auditor General s Office Review of Infrastructure Stimulus Funding Opportunities Exist to Improve Controls over Construction Projects Transmittal Report Audit Report Management s Response Jeffrey Griffiths,
More informationDRAFT MULTI-YEAR Water and Wastewater & Treatment Budget December 17, ANNUAL UPDATE INVESTING IN OUR FUTURE. london.
6 MULTI-YEAR BUDGET FOR THE 2019 ANNUAL UPDATE INVESTING IN OUR FUTURE london.ca/budget DRAFT 2019 Water and Wastewater & Treatment Budget December 17, 2018 Table of Contents Recommendations... 1 WATER
More informationFinancial Report. Corporation of the City of Thorold
Financial Report Corporation of the City of Thorold 2015 Contents Page Corporation of the City of Thorold Independent Auditor s Report 1-2 Consolidated Statement of Financial Position 3 Consolidated Statement
More informationUnder Pressure: Ontario s Municipalities and the Case for a New Fiscal Arrangement
Under Pressure: Ontario s Municipalities and the Case for a New Fiscal Arrangement AMO Submission to the Standing Committee on Finance and Economic Affairs January 2007 Association of Municipalities of
More information2018 Draft Operating and Capital Budgets Introduction
2018 Draft Operating and Capital Budgets Introduction 1 COUNCIL PRIORITIES IN 2018 OPERATING AND CAPITAL BUDGETS COUNCIL S PRIORITIES Council Priorities in 2018 Budget Create a smart economy 2017 2018
More informationCity of Kamloops Consolidated Financial Statements For the year ended December 31, 2016
Consolidated Financial Statements For the year ended Tel: 250 372 9505 Fax: 250 374 6323 www.bdo.ca BDO Canada LLP 300 275 Lansdowne Street Kamloops BC V2C 6J3 Independent Auditor's Report To the Members
More informationThe 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 informationStrategic Plan CONSOLIDATED FINANCIAL
Strategic Plan 2017 CONSOLIDATED FINANCIAL statements 1 Table of Contents Independent Auditor's Report... 1 Consolidated Statement of Financial Position... 2 Consolidated Statement of Operations and Accumulated
More informationTHE DISTRICT OF MUSKOKA ASSET MANAGEMENT PLAN FOR ROADS, BRIDGES, WATER AND WASTEWATER ASSETS
THE DISTRICT OF MUSKOKA ASSET MANAGEMENT PLAN FOR ROADS, BRIDGES, WATER AND WASTEWATER ASSETS MAY 29, 2014 EXECUTIVE SUMMARY CONTENTS Page (i) 1. INTRODUCTION 1.1 Overview 1-1 1.2 Plan Development 1-1
More informationCITY OF SACRAMENTO CALIFORNIA. April 27, 2012
OFFICE OF THE CITY MANAGER CALIFORNIA April 27, 2012 CITY HALL 5 th FLOOR 915 I STREET SACRAMENTO, CA 95814-2684 PH 916-808-5704 FAX 916-808-7618 Honorable Mayor and City Council Sacramento, California
More information2016 Accounts Receivable Write-off Report
GM20.4 REPORT FOR ACTION 2016 Accounts Receivable Write-off Report Date: April 7, 2017 To: Government Management Committee From: Treasurer Wards: All SUMMARY This report provides information on account
More informationSCHEDULE 40: Consolidated Statement of Operations: Expenses
SCHEDULE 40: Consolidated Statement of Operations: Expenses General Information Schedule 40 consists of operating expenses reported by object and function. This is supported by Schedule 42, Additional
More informationGuelph/Eramosa 2016 Budget Presentation. Thursday, February 18, 2016
Guelph/Eramosa 2016 Budget Presentation Thursday, February 18, 2016 1 Our Township We cover 292 km 2 and provide services to 12,380 residents The Township is responsible for maintaining: 225 km of roads
More informationBudget 2015 and capital plan. August 2015
Budget 2015 and capital plan August 2015 Contents The imperative for municipal infrastructure investment... 3 Municipal priorities for 2015 provincial budget... 7 Diverse municipalities need diverse revenues...
More informationMunicipality of Trent Hills 2018 Water and Wastewater Budget Approved: December 19, 2017
1 Overview Municipality of Trent Hills The Municipality of Trent Hills has drinking water and sewage systems located in the communities of Campbellford, Hastings and Warkworth. These systems are considered
More informationCORPORATE AND EMERGENCY SERVICES
CORPORATE AND EMERGENCY SERVICES Asset Management Plan April 19, 2018 EXECUTIVE SUMMARY CONTENTS Page (i) 1. INTRODUCTION 1.1 Overview 1-1 1.2 Plan Development 1-1 1.3 Maintaining the Asset Management
More informationCity of Ottawa Annual Report 2013
City of Ottawa Annual Report 2013 Mayor s Message August 2014 The City of Ottawa s 2013 Annual Report reflects the incredible headway we ve achieved in sound fiscal management and building a liveable city.
More informationJUNE 2015 STRATEGIC PLAN
JUNE 2015 STRATEGIC PLAN LOOKING TOWARDS 2025 INDEX 1. Introduction 2. Strategic Plan Process a. Strategic Plan Workshop b. Strategic Plan Alignment c. Strategic Plan Process d. Strategic Initiatives Report
More informationThe Municipality of North Perth Consolidated Financial Statements For the year ended December 31, 2016
Consolidated Financial Statements For the year ended Consolidated Financial Statements For the year ended Contents Independent Auditors' Report 1 Consolidated Financial Statements Consolidated Statement
More informationTIP SHEET 1: REPORTING TO COUNCIL ON ASSET MANAGEMENT PLANS
TIP SHEET 1: REPORTING TO COUNCIL ON ASSET MANAGEMENT PLANS Introduction Municipal staff are tasked with keeping their councils and the public informed about infrastructure related activities. Getting
More informationOntario Municipal Partnership Fund
Ontario Municipal Partnership Fund 2018 Technical Guide Ministry of Finance Table of Contents Introduction... 1 Overview... 1 OMPF Review and Redesign... 1 What s New for 2018... 1 Provincial Uploads...
More informationLocal Government Gas Tax Funding Agreement
Local Government Gas Tax Funding Agreement This Local Government Gas Tax Funding Agreement made as of, 2009 BETWEEN: HER MAJESTY THE QUEEN, in right of the Province of Newfoundland and Labrador, as represented
More informationIndependent Auditors' Report
Independent Auditors' Report To the Members of Council, Inhabitants and Ratepayers of The Corporation of the City of Stratford We have audited the accompanying consolidated financial statements of The
More informationCANADA - PRINCE EDWARD ISLAND AGREEMENT ON THE TRANSFER OF FEDERAL GAS TAX REVENUES UNDER THE NEW DEAL FOR CITIES AND C0MMUNITIES
CANADA - PRINCE EDWARD ISLAND AGREEMENT ON THE TRANSFER OF FEDERAL GAS TAX REVENUES UNDER THE NEW DEAL FOR CITIES AND C0MMUNITIES 2005-2015 BACKGROUND CAPACITY BUILDING FUND GUIDELINES AND CRITERIA On
More informationCORPORATION OF THE TOWNSHIP OF ADELAIDE METCALFE. Financial Statements. December 31, 2016
CORPORATION OF THE TOWNSHIP OF ADELAIDE METCALFE Financial Statements December 31, 2016 Financial Statements Table of Contents PAGE Independent Auditors' Report 1 Statement of Financial Position 2 Statement
More information2018 Budget Highlights
2018 Budget Highlights Budget Highlights The 2018 Budget builds on the foundation of last year s budget. Helping residents understand the relationship between the services the municipality provides, and
More information2018 BUDGET AND FINANCIAL PLAN
Questionnaire 2018 BUDGET AND FINANCIAL PLAN January 1, 2018 - January 23, 2018 The Township of Langley is reviewing the Draft 2018 2022 Five-Year Financial Plan with emphasis on the 2018 Budget. Your
More informationCANADA NEW BRUNSWICK AGREEMENT ON THE TRANSFER OF FEDERAL GAS TAX REVENUES UNDER THE NEW DEAL FOR CITIES AND COMMUNITIES
CANADA NEW BRUNSWICK AGREEMENT ON THE TRANSFER OF FEDERAL GAS TAX REVENUES UNDER THE NEW DEAL FOR CITIES AND COMMUNITIES 2005-2015 This Agreement made as of November 24, 2005, BETWEEN: AND: HER MAJESTY
More informationFinancial Statements December 31, April 25, 2016
Financial Statements December 31, 2015 April 25, 2016 Operating & Water Works & Waste Water Contributions to/(from) Reserves Summary General Surplus (Working Reserve $41,342) $ 666,342 (Winter Control
More informationCity of Phoenix, Arizona. Monthly Financial Report
City of Phoenix, Arizona Monthly Financial Report March 212 Monthly Financial Report March 212 Executive Summary The budget amounts in this report represent the official adopted budget, as approved by
More informationThe Corporation of Haldimand County. Consolidated Financial Statements
Consolidated Financial Statements December 31, 2016 Index to Consolidated Financial Statements December 31, 2016 Page INDEPENDENT AUDITORS' REPORT 2 CONSOLIDATED FINANCIAL STATEMENTS Management's Responsibility
More informationUpdate from the. Montana Infrastructure Coalition. Montana Chamber Annual Meeting Butte, Montana October 26, 2018
Update from the Montana Infrastructure Coalition Montana Chamber Annual Meeting Butte, Montana October 26, 2018 Overview What is the Montana Infrastructure Coalition? How do we define infrastructure? What
More information2016 APPROVED BUDGET
18/02/ 15:17 January 1, DETERMINATION OF ANNUAL TAX RATE Page 1. All Wards Ward 1 Ward 2 Wards 3 & 4 Wards 2,3 & 4 Total Weighted Assessment 517,837,946 149,557,086 132,175,831 236,105,029 368,280,860
More informationInforming the Future
CANADIAN : Informing the Future The report card is the continuation of a collaboration struck between the Canadian Construction Association (CCA), the Canadian Public Works Association (CPWA), the Canadian
More information4. Please indicate whether you feel that there are too many, the right amount or not enough of each of the following in Littleton:
Please complete this questionnaire if you are the person most knowledgeable about this business, typically the owner or manager. Please select the response (by circling the number or checking the box)
More informationSouth Huron Asset Management Program. Spending the right amount of money, on the right assets, at the right time
South Huron Asset Management Program Spending the right amount of money, on the right assets, at the right time Current Asset Management Plan Identifies all asset classes with condition data mainly for
More informationFederal Infrastructure Funding Strategy
Federal Infrastructure Funding Strategy Recommendation That the Governance and Priorities Committee recommend to City Council: 1. That the proposed New Building Canada Fund (NBCF) and the Growing the Middle
More informationCity of Mississauga Municipal Performance Measurements Program (MPMP) Results. For the period ending December 31, 2013
City of Mississauga Municipal Performance Measurements Program (MPMP) For the period ending December 31, Prepared by: Finance Division, Corporate Services Department City of Mississauga CITY OF MISSISSAUGA
More informationA loyal three made stronger in one. Loyalist Township Strategic Plan ( )
A loyal three made stronger in one Loyalist Township Strategic Plan (2012-2015) Adopted by Council on August 13, 2012 Loyalist Township Strategic Plan I. Community Profile As prescribed by the Ministry
More informationSCHEDULE 40: Consolidated Statement of Operations: Expenses
SCHEDULE 40: Consolidated Statement of Operations: Expenses General Information Schedule 40 consists of operating expenses reported by object and function. This is supported by Schedule 42, Additional
More informationCITY OF KAMLOOPS. Financial Statements for the Year-Ended 2013 December 31. Page 1 of 66
CITY OF KAMLOOPS Financial Statements for the Year-Ended 2013 December 31 Page 1 of 66 CONSOLIDATED FINANCIAL STATEMENTS TABLE OF CONTENTS 2 Independent Auditor's Report 3-4 Management's Responsibility
More informationExecutive Summary Operating Budget and Forecast
The 2014 Budget Discussion Document presents the proposed 2014 operating budget, 2015-2016 forecasts and the 2014 Capital Budget for the Town of Oakville. The document represents the outcome of the 2014
More informationMunicipal Infrastructure Strategic Risks
Municipal Infrastructure Strategic Risks An Exploration of Municipal Infrastructure Risk within the Province of Newfoundland and Labrador Tom Cooper Ph.D. tcooper@mun.ca 709 864 2302 Overview As more organizations
More informationCANADA BRITISH COLUMBIA INFRASTRUCTURE FRAMEWORK AGREEMENT
CANADA BRITISH COLUMBIA INFRASTRUCTURE FRAMEWORK AGREEMENT This Agreement made as of November 6, 2007 BETWEEN: HER MAJESTY IN RIGHT OF CANADA, ("Canada") represented by the Minister of Transport, Infrastructure
More informationTHE CORPORATION OF THE TOWN OF SPANISH
THE CORPORATION OF THE TOWN CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED INDEPENDENT AUDITORS' REPORT To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town of Spanish
More informationThe Corporation of the Municipality of Strathroy-Caradoc Consolidated Financial Statements For the year ended December 31, 2017
The Corporation of the Municipality of Strathroy-Caradoc Consolidated Financial Statements For the year ended The Corporation of the Municipality of Strathroy-Caradoc Consolidated Financial Statements
More informationAsset Management Plan 2016 Township of King
Asset Management Plan 206 Township of King GHD Allstate Parkway Suite 30 Markham Ontario L3R 9T8 T 905 752 4300 F 905 752 430 5432 Table of Contents. 2. 3. 4. 5. 6. Executive Summary. Introduction.2 State
More information2018 Budget Public Budget Consultation Meeting November 16 th, 2017
2018 Budget Public Budget Consultation Meeting November 16 th, 2017 2 1. 2018 Budget Process and Communications Plan 2. 2018 Proposed Capital Budget a. Funding Sources b. Expenditures c. Life Cycle Reserve
More information