Description
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.
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.
Part 1 of the Developing a Finance Strategy Series is available on-demand.
From the same organization
25 Jun, 2024
27 Jun, 2024
