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REPORT TO: Community & Infrastructure Services <br />DATE OF MEETING: June 18, 2018 <br />SUBMITTED BY: Greg St. Louis, Director, Utilities 519-741-2600 X4538 <br />PREPARED BY: Angela Mick, Utilities Water Engineer 519-741-2600 X4408 <br />Sheri Brisbane, Supervisor of Financial Reporting <br />Susan White, Senior Financial Analyst <br />WARD(S) INVOLVED: All <br />DATE OF REPORT: May 23, 2018 <br />REPORT NO.: INS-18-029 <br />SUBJECT: Financial Plan Kitchener Water Distribution System <br />___________________________________________________________________________ <br />RECOMMENDATION: THAT the"Financial Plan Kitchener Water Distribution <br />System" be approved as it demonstrates the financial viability of the Kitchener <br />drinking water system in accordance with Ontario Regulation 453/07 (Financial <br />Plans) under Subsection 30 of the Safe Drinking Water Act. <br />BACKGROUND: <br />The Drinking Water Quality Management Standard (DWQMS), under the Safe Drinking Water <br />Act, 2002 andRegulation 188/07, required the City of Kitchener to become licensed to operate <br />istribution System. The City became licenced on August 20, <br />2009. As a condition of the license, a Financial Plan was approved by resolution and submitted <br />to the Province in 2010 (FIN-10-074) and renewed in 2014 (INS-14-008). A renewal license <br />application must be made by December 2018, a condition of which is an updated Financial Plan <br />with 2018as the first year that the Plan needs to apply (covers 2018-2023). <br />There have been numerous reports to council regarding the DWQMS commencing in 2008, <br />including on-going annual Management reviews and the initial Financial Plan. <br />Financial information contained in the report has been approved as part of the 2018 budget <br />process (except for year 2023, which was forecasted). The amounts in the schedules agree to <br />the operating forecast plus capital forecast. Amortization expense has been added and the <br />capital forecast has been divided between amounts that will create tangible capital assets <br />(included as Additions under Tangible Capital assets on Schedule 1 in the attached Financial <br />Plan) and those costs to maintain the capital assets (included as Other Expenses in Schedule <br />2). <br />*** This information is available in accessible formats upon request. *** <br />Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. <br />5 - 1 <br />