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Reserve and Reserve Funds 101 and 201 - Live Stream
Reserves & Reserve Funds 101 and 201 is comprehensive workshop designed to provide attendees with a full perspective of the creation and use of reserves and reserve funds, to the writing and creating reserves and reserve fund policies for their municipality. The workshop is targeted towards those involved with capital and operating budgets, long term financial planning, and management of Development Charge Reserve Funds and Asset Management.
101 - Reserves & Reserve Funds in Ontario
The first part of the workshop will focus on various elements of the Reserves and Reserve fund use. Content includes:
What are Reserves vs. Reserve Funds
Current use of reserves and reserve funds in Ontario
Establishing Reserve and Reserve fund policies
Reporting Reserve & Reserve Funds (including Bill 73 and Bill 108 Requirements for Development Charges and Planning Act Charges)
How to determine reserve adequacy and sustainable contribution rates
Sampling of Best Practices in Ontario
The workshop will examine the use of Reserve and Reserve Funds in Ontario including developing policies for the creation and maintenance of reserves/reserve funds, mandatory reporting under the Planning Act and Development Charges Act, integrating their use in long term financial planning and establishing corporate policies. Attendees will also work on some hand-on examples to develop a familiarity with the concepts and policies.
201 - Writing Reserves & Reserve Fund Policies
This second part of the workshop will focus on various elements for creating Policies for Reserves and Reserve funds. Content includes:
Link to Legislative Requirements (including Bill 73 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 73 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.
Speaker – Gary Scandlan, Director, Watson & Associates Economists Ltd.
Gary Scandlan has over 35 years of experience with Long Range Financial Planning, Capital and Operating Budgeting, establishing Development Charges and various other Fees and Charges. He is a Director with Watson & Associates Economists Ltd., one of Canada’s leading economic consulting firms. Established in 1982, they offer a comprehensive range of fiscal planning and policy services to clients in government and the private sector throughout Ontario and other provinces of Canada.
Register 3 or more individuals for this workshop and receive an additional 15% off the total before tax!
This workshop is eligible for continuing professional education credits. Please check with your professional association to confirm that this qualifies for your CPD record.
5/11/2020 1:00 PM - 5/12/2020 4:00 PM
Online, ON CANADA
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