This workshop will focus on various elements for creating Policies for Reserves and Reserve funds including:
- Recap of what are Reserves vs. Reserve Funds
- Link to Legislative Requirements (including Bill 23 and Bill 108 changes for Development Charges and Planning Act Charges)
- Establish Primary Objectives of the Policies
- Establish Policies for use of reserves and reserve funds and Link to Capital/Operating Budgets
- Establishing Reserve and Reserve fund policies for access to and maintenance of the funds
- Developing Annual Reporting for Reserve & Reserve Funds
- Interactive Development of Policies during the workshops
The workshop will provide the attendee with approaches to Writing Reserve and Reserve Fund Policies for your municipality, including approaches to creating and maintaining reserves/reserve funds. This session will also assist the writers in adjusting existing or creating new policies to mandatory reporting related to the Changes in Bills 23 and Bill 108 (affecting the Planning Act for Community Benefit Charges and Development Charges Act). Attendees will also work on example policies to develop a familiarity with the concepts and approaches. Attendees with be encouraged to advance some suggested Policies before the session and these will be worked on during the workshop.