Departments
Public Works
Waterworks Capital Investment Strategy
On November 20, 2006, Council passed a resolution on a capital investment strategy.
The objective of the waterworks capital investment strategy is to address anticipated waterworks infrastructure maintenance, the immediate drinking water infrastructure problems and future infrastructure replacements in a timely fashion so as to ensure the municipal waterworks provides safe drinking water to residents and businesses. The strategy uses the 2005 waterworks system assessment that was required by Saskatchewan Environment for infrastructure planning.
This capital investment strategy will ensure that safe drinking water can be provided to the residents and businesses in the community in the present and future.
The 2005 waterworks assessment identifies that the only deficiencies and replacements are maintenance items only. Future waterworks capital plans, projects will be prioritized based on what is needed to ensure safe drinking water.
Annual Financial Overview (of the previous calendar year)
Total 2006 utility revenues (as reported in the Financial Statements)(R) $372,031
Total 2005 utility expenditures (as reported in the Financial Statements)(E) $626,039
Total debt payments on utility infrastructure loans (D) $0
Comparison of utility revenues to expenditures plus debt payments, expressed as a ratio-
$372,031 = 59%
$626,039 + 0
For 2006, utility revenues covered 59% of the utility expenditures.
The amount of utility revenues transferred out of the utility, into reserves was $0
The amount of supplementary funding required to cover capital expenditures, was $249,898 from the a long term loan.
Reserves
Reserves available for waterworks capital infrastructure - $38,136.
Attachments
Attached is the 2005 waterworks system assessment, as required under section 35 of The Water Regulations, 2002.
Attached are agreements for waterworks services.