Haldimand County & Water O.Reg 453/07 Financial Plan DFA - PowerPoint PPT Presentation

Haldimand County & Water O.Reg 453/07 Financial Plan DFA Infrastructure Presentation to Committee of the Whole International Inc . January 11 th , 2016 1

Agenda � Part 1 - Background – Legislation � Part 2 - O.Reg. 453/07 Financial Plan � Part 3 – Recommendations 2

PART 1 Legislation 3

Safe Drinking Water Act, 2002 Regulations: � O.Reg 188/07 (Drinking Water License) � O.Reg 453/07 (Financial Plan) 4

Drinking Water License O.Reg 188/07 Requirements: � O.Reg 188/07 requires Ontario municipalities to apply for and obtain drinking water system licenses as part of their overall Drinking Water Quality Management System (DWQMS) � One of the requirements for obtaining and renewing drinking water license is preparing a financial plan � Financial Plan must be prepared in accordance to O.Reg. 453/07 requirements 5

Water Financial Plan O.Reg. 453/07 � Financial Plan - Condition of Drinking Water License � Council Approval required prior to submission (MMAH) � Financial Plan must include the following: � Statement of Financial Position � Statement of Cash Flow � Statement of Operations � Details on the extent to which the above information applies to the replacement of lead service pipes, if applicable. 6

PART 2 Water Financial Plan O.Reg. 453/07 7

Assumptions � Covers 2016 to 2021 (i.e. min 6 years) � Operating Costs & Revenues: Projected 2016 operating budget � Capital Program: Projected 2016 – 2021 capital forecast � Tangible Capital Asset (TCA): Existing inventory 8

Key Considerations � Operations Cost Projections; � Revenue Requirements; � Capital Budget Forecast; � Debt Projections; � Reserve Projections; and � Tangible Capital Asset (TCA) Projections. 9

Operating Cost Projections 10

Revenue Requirements 11

Capital Budget Forecast 12

Debt Projections 13

Reserve Projections 14

TCA Projections 30% 33% Depreciation 15

Statement of Operations 16

Statement of Cash Flows 17

Statement of Financial Position 18

PART 3 Recommendations 19

Recommendations That the Water Financial Plan including the Statements presented herein be approved for submission to the Ministry of Municipal Affairs and Housing (MMAH) in accordance with the Drinking Water System Licence requirements and O.Reg 453/07 That a copy of the Water Financial Plan No. 066-301A be posted on the County’s website 20

Haldimand County & Water O.Reg 453/07 Financial Plan DFA Infrastructure Presentation to Council International Inc . January 11 th , 2016 21