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

Haldimand County

DFA Infrastructure International Inc. Presentation to Committee of the Whole January 11th , 2016

& Water O.Reg 453/07

Financial Plan

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Agenda

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

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PART 1 Legislation

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O.Reg 188/07 (Drinking Water License) O.Reg 453/07 (Financial Plan)

Safe Drinking Water Act, 2002

Regulations:

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O.Reg 188/07 requires Ontario municipalities to apply for and

• btain 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

Drinking Water License O.Reg 188/07

Requirements:

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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.

Water Financial Plan O.Reg. 453/07

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

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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

Assumptions

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

Key Considerations

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Operating Cost Projections

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Revenue Requirements

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Capital Budget Forecast

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Debt Projections

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Reserve Projections

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TCA Projections

30% 33% Depreciation

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Statement of Operations

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Statement of Cash Flows

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Statement of Financial Position

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PART 3 Recommendations

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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

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Haldimand County

DFA Infrastructure International Inc. Presentation to Council January 11th , 2016

& Water O.Reg 453/07

Financial Plan

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