Reserves and Reserve Funds 201 - Virtual

Reserves and Reserve Funds 201 - Virtual
The Writing Reserves & Reserve Fund Policies workshop is designed to provide the attendee with a full perspective of writing and creating reserves and reserve fund policies for your organization. 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.

Workshop Description:
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 109 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 109 (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.

Dates & Time: 

  • June 23 & 24 from 8:00 AM to 12:00 PM EST


Pricing:

  • MFOA Members: $350 + HST
  • Non-Members: $520 + HST

Speakers:
Sean-Michael Stephen, Managing Partner, Watson & Associates Economists Ltd.
Byron Tan, Manager, Watson & Associates Economists Ltd.

Sean-Michael and Byron have over a decade of experience with assisting municipalities with reserve and reserve fund planning through Long Range Financial Planning, Capital and Operating Budgeting, establishing Development Charges, and various other Fees and Charges. Watson & Associates Economists Ltd. is 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.
When
6/23/2025 8:00 AM - 6/24/2025 12:00 PM
Where
Online

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