Developing a Finance Strategy - Part 2
Developing a Finance Strategy - Part 2
Source of Funding Analysis

As a continuation of the Asset Management Roadmap 2.0 training series, this session will build on revenue generating strategies as part of the budget process and will discuss risk and prioritization, outline the benefits and challenges with each of the main revenue options: user fees, new fees, dedicated levies, build reserves, and Gas Tax (Canada Community-Building Fund) funding.

What You will Learn:
The first part of the webinar will focus on identification of current capital funding capacity through analysis of current funding sources, identification of lifecycle activities captured in the operating budget, outstanding debt repayment obligations, and existing reserves/reserve funds that can be used to support lifecycle funding requirements.

Following the discussion of establishing a baseline, the webinar will provide an overview of capital cost-recovery methods available to municipalities. Additionally, the webinar will provide a discussion of areas where there may be opportunities to enhance funding for asset lifecycle needs – e.g., adequately reflecting the costs of capital assets in the full-cost assessment of user fees (e.g., water/wastewater rates, building permit fees, parks and recreation fees, etc.). The sensitivity of tax levy and user fee impacts to assumptions on the overall funding mix will also be explored.

Who Should Attend:
Local government staff that are responsible for asset management planning, particularly developing the financial strategy component of the asset management plan.

Participants can expect to:
  • Gain a clear understanding of how to identify a capital funding baseline, including analysis of budget documents to identify current sources of capital funding.
  • Gain insight into the funding sources that should be considered when developing a financial strategy within the context of an asset management plan.

About your Presenter:

Peter Simcisko is a managing partner with Watson & Associates Economists Ltd. and leads the firm’s asset management practice. He has assisted numerous municipalities with preparation of asset management policies, municipal action plans, asset management software implementations, and preparation of comprehensive asset management plans. Peter has undertaken a number of presentations related to asset management at conferences, including the Municipal Finance Officers’ Association of Ontario (MFOA), the Association of Municipal Managers, Clerks and Treasurers of Ontario (AMCTO), and the Canadian Network of Asset Managers (CNAM). Since joining the firm in 2013, Peter has also assisted numerous municipalities with development charges studies, water, wastewater, and stormwater rate studies, water financial plans, and user fee studies.

Part 1 of the Developing a Finance Strategy Series is available on-demand
Discounted member price: 155.00
You could save: 26.2%

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