Municipal Monitor - March/April 2008 - (Page 10)

horizon of at minimum 35 years is desirable, although utilities that have done limited projection work to-date may wish to start with a smaller period of 15 to 20 years.” It presents the following case study: In June 2006, the municipality of Clearview undertook a comprehensive study to project its long-term water and wastewater capital needs, looking at over a 100-year period. The work involved compiling an asset inventory and establishing the replacement By January 2009, larger municipalities will need to have taken five of the six necessary steps to acquire a licence to provide water services. REAL ESTATE APPRAISAL & CONSULTING cost and date for each asset. This work proved to be very useful in subsequent planning of water and wastewater rates. “This study has been a useful benchmarking exercise for our community,” states Susan A. McKenzie, Clearview’s chief administrative officer. “Looking out over a 100-year timeframe allows us to better plan for contingencies and smooth rates for our consumers over time.” The regulation, which highlights nine principles for managers to follow when creating financial plans, goes on to recommend municipalities create detailed asset lists to help with long-term financial planning and to use metering and rate structures that “promote sustainability and water conservation.” Other case studies are quoted from Perth, Trent Hills and Chatham-Kent. According to the Canadian Environmental Law Association (CELA) most Ontario municipalities are not recovering and retain- AACI and CRA Designated Appraisers combine their knowledge, analytical skills, experience and integrity to deliver an independent and professional opinion you can trust. • Lending • Legal Disputes • Investment Decisions • Damage Claims • Asset Review • Expropriations • Matrimonial Disputes • Tax Assessments • Reserve Fund Studies • Estate Planning • Expert Witness Implementing PSAB’s New Standards? A key component of Tangible Capital Assets is real property – buildings and land. Appraisal consulting and valuation can help you in your preparations to meet the new standards. To locate an appraiser for your specific needs, call us or visit www.aicanada.ca/e/findappraiser_find.cfm Ontario Association of the Appraisal Institute of Canada Tel 416-695-9333 • 1-888-303-2574 E-mail: info@oaaic.on.ca www.oaaic.on.ca PROFESSIONAL OPINIONS • TRUSTED VALUES municipal 362879_Appraisal.indd 1 10 • MONITOR 1/15/08 5:52:08 PM March/April 2008

Table of Contents Feed for the Digital Edition of Municipal Monitor - March/April 2008

Municipal Monitor - March/April 2008 Contents President's Message: Stress and Change Viewpoint: Much Ado About Nothing? Covering the Cost: Tapping into Safe, Sustainable Water and Sewage Services Closed Session Investigations: What Do They Mean for Your Municipality? Subtle Sabotage: Female Bullying Trends in the Workplace Water Under the Bridge Municipal Memos Index to Advertisers

Municipal Monitor - March/April 2008

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