11 06 2019 SpCouncil Agenda
The Township of Oro-Medonte
Special Council Meeting Agenda
Council Chambers
Wednesday, November 6, 2019
10:30 a.m. - Open Session
Closed Session Immediately following Open
Session
The Township of Oro-Medonte is committed to providing and maintaining a working
environment that is based on respect for the dignity and rights of everyone within the
organization and for those individuals visiting our organization.
The Township of Oro-Medonte supports and fosters an environment that is safe,
welcoming and respectful for all residents, visitors, members of Council and staff.
Page
1. Call to Order - Moment of Reflection:
2. Adoption of Agenda:
a) Motion to Adopt the Agenda.
3. Disclosure of Pecuniary Interest:
4. Open Forum:
The Open Forum provides an opportunity for the public to provide verbal
comments to Council, in Open Session, on matters scheduled on the current
agenda, and shall be conducted as follows:
Open Forum shall last no longer than 20 minutes;
Each speaker shall be required to identify the agenda item they are
speaking to and provide their name and address, which may become
part of the public record;
A speaker shall be limited to 2 minutes per agenda item;
No response shall be provided to any question posed during Open
Forum;
No discussion, debate or decisions will occur during Open Forum;
Each speaker is permitted to speak only once per agenda item;
A speaker may provide comment on one agenda item and then shall
step aside to enable another to provide comment on an agenda item;
No speaker shall speak to a second agenda item until other
individuals have had an opportunity to speak once;
Speakers providing comment on the same agenda item, shall be
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Council Meeting Agenda -November 06, 2019
requested to limit their comments so as to provide additional
information and not repeat the same information provided by a
previous speaker;
Comments made during Open Forum will not form part of the minutes
of the meeting;
The following matters will not be permitted during Open Forum:
o Comments/complaints against Members of Council or
Township staff;
o Matters beyond the jurisdiction of Council or the Township;
o Closed Session agenda items, including current or pending
litigation, or Insurance claims and/or pending claims by or
against the Township;
o Comments with respect to Minutes of Council and Committees;
o Comments that are contrary to the Municipal Freedom of
Information and Protection of Privacy Act;
o Comments with respect to any applications which have
proceeded through a Public Meeting in accordance with the
Planning Act, with the exception of comment related to a
recommendation contained within the Staff Report.
The Chair may conclude Open Forum prior to the 20 minute maximum
time limit, for non-compliance with the Open Forum parameters,
Conduct of Members of the Public, or any other reason.
5. Reports of Municipal Officers:
4 - 8a) OCS2019-30, Shawn Binns, Director, Operations and Community Services
re: Investing in Canada Infrastructure Program Community Culture and
Recreation Stream.
9 - 31b) ES2019-8, Michelle Jakobi, Manager, Environmental Services; Mark
DesLauriers, Chief Financial Officer/Treasurer re: Municipal Drinking Water
Financial Plan.
32 - 36 c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental
Services re: Horseshoe Valley - Zone 1 Water Integration Staging.
6. By-Laws:
37 a) 2019-106: A By-law to Delegate Authority under Section 8(3.1) of the
Building Code Act to the Chief Building Official.
7. Closed Session Items:
a) Motion to go In Closed Session.
b) Motion to Rise and Report.
c) Robin Dunn, CAO re: Education or training of members (Council Code of
Conduct; Council and Staff Relationships).
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Council Meeting Agenda -November 06, 2019
8. Confirmation By-Law:
38 a) 2019-105: Being a by-law to confirm the proceedings of the Special Council
meeting held on Wednesday, November 6, 2019.
9. Questions from the Public Clarifying an Agenda Item:
Questions from the Public Clarifying an Agenda Item provides an opportunity
for the members of the public to seek clarification with respect to the decision
which was made on an agenda item, the meaning of the decision and the
next steps as a result of the decision.
Questions from the Public Clarifying an Agenda Item shall last no
longer than 10 minutes;
Responses provided to questions posed during Questions from the
Public Clarifying an Agenda Item shall be included within the 10
minute maximum time limit;
Each speaker shall be required to identify the agenda item they are
seeking clarification on and provide their name and address, which
may become part of the public record;
A speaker shall be limited to 1 minute per question;
A speaker may pose a question and then shall step aside to enable
another to pose a question;
The Chair may conclude Questions from the Public Clarifying an
Agenda Item prior to the 10 minute maximum time limit, for non-
compliance with the above parameters, Conduct of Members of the
Public, or any other reason.
10. Adjournment:
a) Motion to Adjourn.
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CORPORATION OF THE TOWNSHIP OF ORO-
MEDONTE
Water
Financial
Plan
Prepared in accordance with Ontario Regulation 453/07:
Financial Plans
October 28, 2019
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Table of
contents
INTRODUCTION3
OVERVIEW OF THE ORO-MEDONTE WATER SYSTEM7
KEY ASSUMPTIONS9
FINANCIAL PLAN HIGHLIGHTS12
CONGRUENCE WITH SUSTAINABILITY PRINCIPLES15
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Introduction
PROVINCIAL REPORTINGREQUIREMENTS
Pursuant to Section 31(1) of the Safe Drinking Water Act, 2002(the “SDWA”), Provincial licenses are required for the
operation of municipal drinking water systems in Ontario. In obtaining these licenses, the Township ofOro-Medonte
(the “Township”)is required to meet five conditions under Section 44(1) of the SDWA, including the preparation of a
financial plan for the water system. The form and content of financial plans for municipal water systems are
prescribed underOntario Regulation 453/07 (the “Regulation”). Under the terms of the Regulation, the Townshipis
required to prepare a financial plan that:
i.Is approved through a Council resolution that indicates that the drinking water system is financially viable
ii.Extends over a minimum of six years and include a statement that the financial impacts of the drinking water
system have been considered
iii.For each year of the financial plan, includes details of the proposed or projected financial operations of the system
itemized by:
Total revenues, further broken down into water rates, user charges and other revenues
Total expenses, further broken down into amortization expenses, interest expenses and other expenses
Annual surplus or deficit
Accumulated surplus or deficit
iv.Includes details of the proposed or projected financial position of the system, itemized by:
Total financial assets
Total liabilities
Net debt
Non-financial assets
Changes in tangible capital assets
v.Details the proposed or projected gross cash receipts and cashpayments itemized by:
Operating transactions
Capital transactions
Investing transactions
Financing transactions
Changes in cash and cash equivalents during the year
Cash and cash equivalents at the beginning and end of year
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The disclosure requirements prescribed in the Regulation are consistent with financial statement requirements as
outlined in the Public Sector Accounting Handbook of the Canadian Institute of Chartered Accountants, which
comprise:
A statement of operating results
A statement of financial position
A statement of cash flows
A statement of changes in net financial assets
The Regulation requires a six year financial plan for water. However to be consistent with the Township’s general
approach to financial planning for environmental services, the financial plan considers a 10-year planning horizon.
In connection with its financial plan, the Townshipis also required to ensure an appropriate level of public
communication by:
Makingthe financial planavailable, on request, to members of the public at no charge
Making the financial planavailable to members of the public at no charge through the internet (if the
municipality maintains a website)
Providing notice as deemed appropriate to advise the public of the availability of the financial plan
FINANCIAL PLAN METHODOLOGY
In order to assist municipalities with the preparation of financial plans required under the SDWA, the Ministry of the
Environment released a document entitled Toward Financially Sustainable Drinking-Water and Wastewater Systems
(the “Ministry Document”) that outlines suggested principles of financial sustainability for water and wastewater
systems as well as possible approaches to implementing these principles.
SUSTAINABILITY PRINCIPLES
As outlined in the Ministry Document, financial sustainability for water and wastewater systems is intended to ensure
that residents enjoy safe drinking water that is provided on a reliable basis over the long-term in a manner that
maintains environmental protection. The attainment of financial sustainability, which the Ministry Document
recognizes does not necessarily need to occur at once but rather can involve a transition, can be supported by the
adoption of nine principles that can be used to inform financial plans.
1.Ongoing public engagement and transparency can build support for, and confidence in, financial plans and the
system(s) to which they relate.
2.An integrated approach to planning among water, wastewater and storm water systems is desirable given the
inherent relationship among these services.
3.Revenues collected for the provision of water and wastewater services should ultimately be used to meet the
needs of those services.
4.Life-cycle planning with mid-course corrections is preferableto planning over the short-term, or not planning at all.
5.An asset management plan is a key input to the development of a financial plan.
6.A sustainable level of revenue allows for reliable service that meets or exceeds environmental protection
standards, while providing sufficient resources for future rehabilitation and replacement needs.
7.Ensuring users pay for the services they are provided leads to equitable outcomes and can improve conservation.
In general, metering and the use of rates can help ensure users pay for services received.
8.Financial plans are “living” documents that require continuous improvement. Comparing the accuracy of financial
projections with actual results can lead to improved planning in the future.
9.Financial plans benefit from the close collaboration of various groups, including engineers, accountants, auditors,
utility staff and municipal council.
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The financial plan developed by the Township incorporateseach of these principles, as further discussed inSection
entitled “Congruencewith Sustainability Principles.
APPROACH TO THE FINANCIAL PLAN
In developing the financial plan, the Township has adopted the so-called“building-block” approach outlined in the
Ministry Document, which considers both the current and anticipated operatingand capital funding requirements for
water services. A graphical depiction of the building-block approach utilized in the development of the Township’s
plan is provided below.
Infrastructure reinvestment differential
(historical vs. replacement cost)
Costs are included on the Statement of Cash
Future growth
Flow, with corresponding assets and long-term
debt included in the Statement of Financial
Position.
System acquisition costs
Regulatory requirements and
service enhancements
Debt principal repayment
Amortization (depreciation) of tangible capital
assets at historical values
Costs are included in the Statement of Operating
Results.
Interest on long-term debt
Operating Costs
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NOTICE TOREADER
The financial plan outlined in this report represents a forecast of the financial performance of the Township’swater
services under a series of assumptions that are documented within the plan. The financial plan (which has been
prepared for the purposes of meeting regulatory requirements established by the Ministry) does not represent a
formal, multi-year budget for water and wastewater services. The approval of operating and capital budgets for water
services is undertaken as part of the Township’soverall annual budgeting process. Accordingly, the financial
performance outlined in this document is subject to change based on future decisions of Council with respect to
operating and capital costs, rate increases, consumption changes and unforeseen revenues and expenses.
The information contained in this report has been compiled from information provided by the Township. We have not
audited, reviewed or otherwise attempted to verify the accuracy or completeness of such information. Readers are
cautioned that this information may not be appropriate for their purposes.
We reserve the right (but will be under no obligation) to amend this report and advise accordingly in the event that, in
our opinion, new material information comes to our attentionthat may be contrary to or different from that which is set
out in this document. Comments in this report should not be interpreted to be legal advice or opinion. The contents of
this report reflect our understanding of the facts derived from the examination of documents provided to us.
This report includes or makes reference to future oriented financial information. We have not audited or otherwise
reviewed the financial information or supporting assumptions and as such, express no opinion as to the
reasonableness of the information provided.
The individuals that prepared this report did so to the best of their knowledge, acting independently and objectively.
KPMG LLP’s compensation is not contingent on any action or event resulting from the use of this report.
This report, including the attached appendices, must be considered in its entirety by the reader.
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Overview of the Oro-
Medonte Water
System
WATER TREATMENT
The Township currently
provides potable water to
approximately 2,400
households through the
operation of 11 Township-
owned water systems, with an
additional three private
systems operated by the
Township under contract.
During the period January to
December 2018, the
Township treated just over
3
506,000 mof water for
distribution to customers from
its 11 municipally owned
water systems.
The Township’s water
transmission and distribution
infrastructure is comprised of:
—Over 89 kilometers of
distribution mains;
—Three booster stations;
—One elevated water
storage tank; and
—Thirteen water reservoirs.
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Annual Water Production by Township-owned System (2018)
SystemPercentage of Total
Total Water Production (m3)
Canterbury3,1570.6%
Cedarbrook5,0841.0%
Craighurst11,4852.3%
Harbourwood24,3024.8%
Horseshoe Highlands168,17833.2%
Maplewood9,4641.9%
Medonte Hills27,5565.4%
Robincrest57,66411.4%
Shanty Bay72,86814.4%
Sugarbush55,13510.9%
Warminster71,38214.1%
Total506,275100.0%
WATER RATES
The Township has adopted a full-cost recovery approach for water services, whereby direct operating costs are
recovered through user fees, with no municipal taxation support for water services. Water customers are also
charged a quarterly infrastructure charge that is intended to fund the Township’s capital reserve for water.
Effective July 1, 2017, the Township implemented a new billing structure for water rates that includes:
—A fixed operating chargeintended to fund a portion of fixed costs associated with the operation of the water
system. The fixed operating charge hasincreasedover 2018 and 2019, with the intention of ultimately recovering
approximately 50% of fixed costsin2019.
—A variable operating charge based on the level of water consumed.Effective January 1, 2018, the Township
3
implemented a two-tiered variable rate structure, with water consumption in excess of 75 mper quarter being
charged a higher variable rate as a means of encouraging conservation.
—A fixed quarterly infrastructure charge, increasing annually in order to provide sufficient funding for sustainable
capital reinvestment in its water infrastructure.
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Key Assumptions
The preparation of the financial plan for water services necessarily requires the use of assumptions concerning future
events, with the more salient assumptions listed below.
SYSTEMS IN OPERATION
The financial plan reflects the projected assumption of twoprivatewatersystems:
—Acquisition of the Braestoneprivate water system in 2020. The Township currently operates this system on
behalf of the private ownerthrough provisions in a Subdivision Agreement;and
—Staged integration of the Horseshoe Valley Zone 1private water systems starting in 2020. The Township is not
currently involved in the operation of this systems.
CUSTOMER AND CONSUMPTION LEVELS
Customer levels are anticipated to increase over the 10-year planning period due to a combination of:
—New customers assumed through the acquisition of private water systems; and
—Continued population and household growth in areas serviced by the Township’s water systems.
Over the ten year projection period, the financial plan anticipates an increase in the number of water connections from
the current level of approximately 2,300 to 3,800 customers.
Projected number of water customers
4,500
3,821
4,000
3,709
3,597
3,485
3,373
3,500
3,261
3,149
3,037
2,875
3,000
2,563
2,331
2,500
2,000
1,500
1,000
500
0
20192020202120222023202420252026202720282029
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CONSUMPTION
3
Projected consumption levels reflect the estimated average consumption per resident during 2018 (194 mannually or
3
49 mper quarterly), with no adjustment for price elasticity, conservation or other changes.
OPERATING COSTS
Projected operating costs are comprised of both variable and fixed costs, with variable costs increasing
commensurate with the number of customers while fixed costs remain constant. For the purposes of the financial
plan, all operating costs are projected to increase at a rate of 2% per year due to inflation, with variable costs also
increasing in line with increases in customer levels.
CAPITAL COSTS
Projected capital expenditures reflect ongoing costs associated with (i) ongoing upgrades to the Township’s existing
distribution system infrastructure; (ii) increasing its water storage capacity; and (iii) integrating private systems
acquired by the Township. The financial plan incorporates the forecasted capital expenditures identified bythe
Township.
Consistent with Public Sector Accounting Guidelines for financial reporting, the financial plan reflects capital revenues
andexpenditures as follows:
—Capital revenues, including the quarterly fixed infrastructure fee charged to customers and senior government
grants, are recorded in the Statement of Operations as revenue in the year that the funds are received/earned;
—Capital expenditures are recordedas tangible capital asset additions and are reflected as such in the Statement of
Financial Position; and
—Amortization of tangible capital assets is recorded as an expense in the Statement of Operation.
—Contributions to reserves are not specifically identified in either the Statement of Operations or the Statement of
Financial Position as these represent an appropriation of the Township’s annual operating surplus, which is a
component of its Accumulated Surplus. In order to provide information as to the amount of the Township’s capital
reserve for water, the financial plan includes a separate schedule disclosing reserve transactions.
A graphical depiction of the projected capital expenditures is provided below.
Projected capital expenditures
$3,500,000
System expansion
$3,000,000
$2,500,000
Infrastructure renewal
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
20192020202120222023202420252026202720282029
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CAPITAL FINANCING
The primary source of funding for future capital expenditures is the quarterly fixed infrastructure fee, which is
projected to increase at a rate of $7.00 per quarter over the projection period, reflecting the Township’s strategy of
increasing capital funding to address its infrastructure investment requirements. The financial plan does not consider
other funding sources, including senior government grants or debt financing.
In addition to the quarterly fixed infrastructure fee, the financial plan also reflects theadoption of development charges
in 2020, which will be used to fund eligible capital projects and associated debt servicing costs.
Consistent with Public Sector Accounting Guidelines for financial reporting, the financial plan reflects capitalrevenues
(including amounts collected through the fixed quarterly infrastructure charge) in the Statement of Operations as
revenue in the year that the funds are received/earned. For internal purposes, however, the fixed quarterly
infrastructure charge istransferred to the Township’s water renewal reserve, with transfers from the reserve used to
finance capital expenditures.
CONTINGENCIES
In addition to the key assumptions noted above, there are a number of other variables that have not been reflected in
the financial planwhich, in the event that these materialize (whether in whole or in part),may have asignificant impact
(either positive or negative) on the projected financial plan.
Contingencies that were identified but not incorporated into the financial plan due to uncertainty as to quantum or
probability of occurrence include:
The acquisition of one or more of the third-party water systems other than those noted earlier in our report.
The potential for amalgamation, either of the Township’s water system or the municipality as a whole, in light of
the Province’s review of upper and lower tier governance.
The potential discontinuance of existing services provided by Skyline or other third-party operators of water
systems within the Township.
Potential operating savings resulting from the projected increase in capital spending. For example, the frequency
and cost of repairing water main breaks may decrease as capital funding increases (which would reduce the
overall age of the water main system).
Potential operating savings related to on-going process reviews and technology enhancements.
Senior government grant revenues (including Federal Gas Tax revenue) for operating and/or capital purposes
above the level of grant revenue noted in the financial plan.
Unforeseen capital expenditure projects such as waterserviceextensions, system enhancementsand/or
development cost sharing initiatives that exceed the financial resources identified in this plan.
New Ministry regulations that would have a significant impact on operating costs.
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Financial Plan
Highlights
Included as Appendix A is the financial plan for water services, which provides a financial forecast of water revenues
and expenditures for the period 2019 to 2029. The financial plan is comprised of:
A Statement of Projected Operations and Accumulated Surplus
A Statement of Projected Financial Position
A Statement of Changes in Net Financial Assets
A Statement of Cash Flow
In addition to these statements, the financial plan also includescontinuityschedules fordevelopment charge reserves,
long-term debt,tangible capital assets and the Township’swater-related reserves.
As noted in the financial plan, total revenues are projected to increase from the 2019 budget of $2.4million to $4.8
million, reflecting the combined effects of inflationary increases, higher capital funding and higher customer levels as a
result of the integration of private systems and continued development within the Township. During the same period,
a total of $14.3millionis projected to be invested in water infrastructure.
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Projected Financial Performance (in thousands)
$9,000
Capital Reserve
$8,000
Revenue
$7,000
Capital Expenditures
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
20192020202120222023202420252026202720282029
PROJECTED WATER RATES
Based on the financial plan, we have summarized below the Township’s calculated water rates for each of the years
2020 to 2029. These rates reflect the anticipated total cost of water services, other revenue sources and projected
levels of customers and consumption, as well as the continuation of the Township’spast policies with respect to
annual increases in capital financing.
The financial plan forecasts annual decreases in the fixed and variable operating rates, which reflects increased cost
economies of scale from the addition of newcustomers through development and the integration of private systems.
The quarterly infrastructure charge is projected to continue to increase at a rate of $7.00 per year, reflecting the
continuation of the Township’s current strategy to increase funding for capital investment.
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Operating Rates
Quarterly Projected
Variable
Infrastructure Average Annual
Year
3
Charge Cost (50 mper
Fixed Quarterly
<75 m3 per >75 m3 per
(Capital)Quarter)
QuarterQuarter
2019$85.96 $1.45 $2.20 $80.00 $953.84
2020$84.20 $1.45 $2.20 $87.00 $974.80
2021$82.47 $1.45 $2.20 $94.00 $995.88
2022$80.78 $1.45 $2.20 $101.00 $1,017.12
2023$79.12 $1.45 $2.20 $108.00 $1,038.48
2024$77.50 $1.45 $2.20 $115.00 $1,060.00
2025$75.91 $1.45 $2.20 $122.00 $1,081.64
2026$74.35 $1.45 $2.20 $129.00 $1,103.40
2027$72.83 $1.45 $2.20 $136.00 $1,125.32
2028$71.34 $1.45 $2.20 $143.00 $1,147.36
2029$69.88 $1.45 $2.20 $150.00 $1,169.52
As indicated earlier in the document, the financial plan (which has been prepared for the purposes of meeting
regulatory requirements established by the Ministry) does not represent a formal, multi-year budget for water services.
The approval of operating and capital budgets for water services is undertaken as part of the Township’soverall
annual budgeting process. Accordingly, the financial performance outlined in this document is subject to change
based on future decisions of Council with respect to operating and capital costs, rate increases, consumption changes
and unforeseen revenues and expenses.
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Congruence With
Sustainability
Principles
PrincipleHow AddressedConclusion
1.Public engagement and Financial plan will be presented at public Achieved
transparencycouncil meeting
Public access to financial plan will be provided
consistent with the Regulation
2.Integrated approach to Future planning will incorporate wastewater Achieved
planningservices once these are assumed by the
Township
3.Revenues should be used to Financial model is full user pay with no excess Achieved
meetwater and wastewater cash flow beyond infrastructure renewal reserve
needs
4.Life cycle planning with mid-Planning considers ongoing infrastructure Achieved
course corrections is replacement
preferable
5.Asset management plan is a The Township is commencing asset Achieved
key inputmanagement planning with consideration given
to the useful life of assets
6.Sustainable level of revenue Revenue is sufficient to fund all operating costs Achieved
considers operating and capital as well as ongoing capital asset replacement,
requirementsgrowth and regulatory changes
7.Users pay for services they No subsidization of water services by non-usersAchieved
receive
8.Financial plans are living Township intends to update financial plan to Achieved
documentsreflect major changes to operations
9.Financial plans benefit from Preparation included involvement from Achieved
close collaborationinfrastructure and finance groups, as well as
external advisors
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82,000
5,300,0007,915,000
7,997,0001,890,0002,697,0004,587,000
2029
(2,697,000)
26,348,00031,648,00026,348,00031,648,000
$$
82,000
4,188,0007,052,000
7,134,0001,501,0002,946,0004,447,000
2028
(2,946,000)
25,750,00029,938,00025,750,00029,938,000
$$
82,000
3,230,000
6,416,0001,112,0003,186,0004,298,0006,334,000
2027
(3,186,000)
25,161,00028,391,00025,161,00028,391,000
$$
82,000
723,000
5,838,0003,418,0004,141,0002,420,0005,756,000
2026
(3,418,000)
24,581,00027,001,00024,581,00027,001,000
$$
82,000
334,000
5,394,0003,642,0003,976,0001,752,0005,312,000
2025
(3,642,000)
24,010,00025,762,00024,010,00025,762,000
$$
82,000
5,078,0001,945,0003,857,0005,802,0001,221,0004,996,000
2024
(3,857,000)
21,447,00022,668,00021,447,00022,668,000
$$
82,000
329,000
4,394,0001,556,0004,065,0005,621,0004,312,000
2023
(4,065,000)
21,328,00021,657,00021,328,00021,657,000
$$
82,000
(41,000)
4,225,0001,167,0004,266,0005,433,0004,143,000
2022
(4,266,000)
20,830,00020,789,00020,830,00020,789,000
$$
82,000
778,000324,000
4,784,0004,460,0005,238,0004,702,000
2021
(4,460,000)
19,724,00020,048,00019,724,00020,048,000
$$
82,000
389,000
5,789,0004,646,0005,035,0001,143,0005,707,000
2020
(4,646,000)
18,287,00019,430,00018,287,00019,430,000
$$
-
82,000
622,000
-------------------------------------------------------------------------------------------------------------------- December 31 ----------------------------------------------------------------------
----------------------------------------------
5,448,0004,826,0004,826,0005,366,000
2019
(4,826,000)
18,346,00018,968,00018,346,00018,968,000
$$
-
82,000
586,000
5,586,0005,000,0005,000,0005,504,000
2019
(5,000,000)
18,210,00018,796,00018,210,00018,796,000
January 1
$$$$
Intra-Township balanceDevelopment charges reserveLong-term debtTangible capital assets
TOWNSHIP OF ORO-MEDONTE
Financial assets:Financial liabilities:Non-financial assets:
Statement of Projected Financial PositionFor the Years Ending December 31Net financial assets (debt)Accumulated surplusAccumulated surplus is comprised of:Investment in tangible capital
assetsAmounts to be recovered in future periodsWater capital reserveWater operating reserve
Page 28 of 38
5.b) ES2019-8, Michelle Jakobi, Manager, Environmental Services; Mark De...
-
248,000753,000726,000
146,000105,000
1,068,0001,068,0002,293,0004,429,0004,823,0001,529,0002,282,0002,541,000
1,710,000
2029
29,938,00031,648,000
-
248,000143,000716,000709,000114,000
1,036,0001,036,0002,122,0004,194,0004,585,0001,499,0002,215,0002,370,0001,547,000
2028
28,391,00029,938,000
-
681,000
248,000140,000693,000122,000
1,005,0001,006,0001,957,0004,356,0001,470,0002,151,000
3,968,0002,205,0001,390,000
2027
27,001,00028,391,000
-
975,000976,000647,000
248,000137,000677,000130,000
1,798,0003,749,0004,134,0001,441,0002,088,0002,046,000
1,239,000
2026
27,001,000
25,762,000
-
946,000947,000614,000661,000139,000
134,000
1,646,0003,539,0002,248,0005,921,0001,413,0002,027,0003,894,0003,094,000
2025
22,668,00025,762,000
-
918,000918,000248,000131,000582,000591,000146,000
3,715,0001,385,000
1,500,0003,336,0001,967,0001,748,0001,011,000
2024
21,657,00022,668,000
-
890,000891,000551,000
248,000128,000587,000153,000868,000
1,360,0003,141,0003,517,0001,358,0001,909,0001,608,000
2023
20,789,00021,657,000
-
863,000864,000248,000521,000574,000
125,000160,000741,000
1,227,0002,954,0003,327,0001,331,0001,852,0001,475,000
2022
20,048,00020,789,000
-
832,000833,000248,000123,000483,000543,000168,000618,000
3,117,000
1,081,0002,746,0001,305,0001,788,0001,329,000
2021
19,430,00020,048,000
-
790,000790,000422,000
892,000248,000121,000504,000174,000462,000
---------------------------------------------------------------------------------------------------------- Projected ----------------------------------------------------------------------------------
------------------------
2,841,0001,279,0001,701,000
2,472,0001,140,000
2020
18,968,00019,430,000
--
756,000756,000746,000377,000746,000
119,000394,000180,000172,000
2,258,0002,377,0001,254,0001,631,000
2019
18,968,000
18,796,000
Budget
$ $
Variable operating rateVariable fixed rateFixed water rate - capitalTotal user fees
User fees:Development chargesVariable operating costsFixed operating costs
Senior government grantsOther revenue
TOWNSHIP OF ORO-MEDONTE
Revenue:Expenses:
Statement of Projected Operations and Accumulated SurplusFor the Years Ending December 31Surplus (deficit) before undernoted notesAccumulated surplus, beginning of yearAccumulated surplus,
end of year
Amortization Interest on long-term debtAnnual surplus (defict)
Page 29 of 38
5.b) ES2019-8, Michelle Jakobi, Manager, Environmental Services; Mark De...
726,000
(598,000)
1,710,0001,112,0004,188,0005,300,000
2029
(1,324,000)
709,000958,000
(589,000)
4,188,000
1,547,0003,230,000
2028
(1,298,000)
693,000810,000
(580,000)
1,390,0003,230,000
2,420,000
2027
(1,273,000)
677,000668,000
(571,000)
1,239,0001,752,0002,420,000
2026
(1,248,000)
661,000531,000
3,094,0001,221,0001,752,000
2025
(3,224,000)(2,563,000)
591,000892,000329,000
(710,000)(119,000)
1,011,0001,221,000
2024
(41,000)
868,000587,000329,000
370,000
(498,000)
2023
(1,085,000)
(41,000)
741,000574,000324,000
(365,000)
2022
(1,680,000)(1,106,000)
618,000543,000324,000
(819,000)
1,143,000
2021
(1,980,000)(1,437,000)
59,000
462,000504,000
521,000622,000
(445,000)
1,143,000
2020
36,000
172,000394,000586,000
622,000
(530,000)(136,000)
2019
$ $
TOWNSHIP OF ORO-MEDONTE
Statement of Projected Changes in Net Financial Assets (Debt)For the Years Ending December 31Annual surplus (deficit):Acquisition of tangible capital assetsAmortization of tangible capital
assetsChange in net financial assets (debt)
Net financial assets (debt), beginning of yearNet financial assets (debt), end of year
Page 30 of 38
5.b) ES2019-8, Michelle Jakobi, Manager, Environmental Services; Mark De...
--
726,000863,000863,000
863,000
(249,000)(249,000)
1,710,0002,436,0007,134,0007,997,000
2029
(1,324,000)(1,324,000)
-
-
709,000718,000718,000718,000
(240,000)(240,000)
1,547,0002,256,0006,416,0007,134,000
2028
(1,298,000)(1,298,000)
--
578,000
693,000578,000578,000
(232,000)(232,000)
1,390,000
2,083,0005,838,0006,416,000
2027
(1,273,000)(1,273,000)
--
677,000444,000444,000
444,000
(224,000)(224,000)
1,239,0001,916,0005,394,0005,838,000
2026
(1,248,000)
(1,248,000)
-
-
661,000316,000316,000316,000
(215,000)(215,000)
3,094,0003,755,0005,078,0005,394,000
2025
(3,224,000)(3,224,000)
--
684,000
591,000684,000684,000
(710,000)(710,000)(208,000)(208,000)
1,011,000
1,602,0004,394,0005,078,000
2024
--
868,000587,000169,000169,000
169,000
(201,000)
(201,000)
1,455,0004,225,0004,394,000
2023
(1,085,000)(1,085,000)
-
-
741,000574,000
(194,000)(194,000)(559,000)(559,000)
(559,000)
1,315,0004,784,0004,225,000
2022
(1,680,000)(1,680,000)
--
618,000543,000
(186,000)(186,000)
1,161,0005,789,0004,784,000
2021
(1,980,000)(1,980,000)(1,005,000)(1,005,000)(1,005,000)
--
462,000341,000
504,000966,000341,000341,000
(445,000)(445,000)(180,000)(180,000)
5,448,000
5,789,000
2020
--
172,000394,000566,000
(174,000)
(530,000)(530,000)(174,000)(138,000)(138,000)(138,000)
5,586,0005,448,000
2019
$ $ $
$
Annual surplus (deficit)Amortization of tangible capital assetsNet change in cash from operating activitiesAcquisition of tangible capital assetsProceeds on issuance of long-term debtRepayment
of long-term debtChange in capital reserve
Operating surplus (deficit)
TOWNSHIP OF ORO-MEDONTE
Statement of Projected Cash FlowsFor the Years Ending December 31Cash provided by (used in):Operating activities:Financing activities:Net change in cash and cash equivalentsCash and
cash equivalents, beginning of yearCash and cash equivalents consist of funds held by the Township in connection with water services (Intra-Township balance).
Capital activities:Cash and cash equivalents, end of yearNet change in cash and cash equivalents consists of:
Page 31 of 38
5.c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental ...
Page 32 of 38
5.c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental ...
Page 33 of 38
5.c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental ...
Page 34 of 38
5.c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental ...
Page 35 of 38
5.c) ES2019-9, Robin Dunn, CAO; Michelle Jakobi, Manager, Environmental ...
Page 36 of 38
6.a) 2019-106: A By-law to Delegate Authority under Section 8(3.1) of th...
Building Code Act, 1992,
Building Code Act, 1992,
Page 37 of 38
8.a) 2019-105: Being a by-law to confirm the proceedings of the Special ...
Municipal Act, 2001, S.O. 2001, C. 25, as amended
Page 38 of 38