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Long Range Financial Plan

Long Range Financial Plan


In December 2013, Council requested that staff undertake a review of the Township’s current and future financial state.

Staff proceeded to draft a Request for Proposal (“RFP”) for consulting services to develop a Long Range Financial Plan (LRFP) for the Township.  The RFP was issued in June 2014 and awarded by Council at its August 25, 2014 meeting to Hemson Consulting.

The intent of the RFP was to have a comprehensive review and assessment completed on the Township’s long term financial objectives and policies, review existing financial targets and measures, and develop a forecasting mechanism to demonstrate the overall impact of current and future decisions. 

The Long Range Financial Plan will be a comprehensive plan that examines all of the municipality’s capital and operating expenditures/revenues and address in detail, issues related to asset management, development charges, adequacy of reserves, debt management, property tax, utility rates and growth management.  By developing new objectives, policies, targets and a long range financial planning model that integrates both capital and operating resources, it will guide the Township in achieving financial sustainability.

“Long term financial planning combines financial forecasting with financial strategizing to identify future challenges and opportunities…Good financial planning does not simply project the status quo “X” number of years into the future…Financial planning stimulates discussion about the long term impact of decisions made today and how the municipality can position itself now to deliver a stable level of essential services.”   -  Government Finance Officers Association, Financing the Future

For more information please contact the Finance Department at 705-728-4784 Ext. 2009 or email lrfp@springwater.ca

Technical Meeting - June 9, 2015

A Long Range Financial Plan Technical Meeting was held on June 9 from 9 a.m. to 1 p.m. in the Council Chamber at the Township Administration Centre. Click on the link below to listen to the recording.


Reports   

  1. June 1, 2016 - HEMSON - Long Range Financial Plan - Final Report

  2. April 20, 2016 - HEMSON - LRFP Forecast Results - Council

  3. April 20, 2016 - HEMSON - Long Range Financial Plan Report

  4. March 2, 2016 - Long Range Financial Plan Forecast Results

  5. December 7, 2015 - Letter from Davies Howe regarding the Long Range Financial Plan

  6. November 23, 2015 - Letter to Davies Howe regarding the Long Range Financial Plan

  7. November 18, 2015 - Amended Residential Unit Yield Consensus

  8. November 11, 2015 - Residential Unit Yield Consensus 

  9. September 3, 2015 - Hemson - Response to Altus Memorandum

  10. July 27, 2015 - Response from Altus Group

  11. June 2, 2015 - Hemson Response to Altus Memorandum

  12. May 15, 2015 - Information Package # 1 - Revised Growth Scenarios

  13. May 13, 2015 - Stakeholders Meeting Presentation

  14. May 7, 2015 - Information Package # 2 - Draft Capital, Operating and Revenue Assumptions

  15. April 8, 2015 - Stakeholders Meeting Presentation

  16. April 2, 2015 - Information Package # 1 - Growth Scenarios

  17. March 23, 2015 - Report to Council - Long Range Financial Plan - Base Parameters

  18. March 23, 2015 - Presentation - Long Range Financial Plan - Base Parameters

  19. October 30, 2014 - Introduction to the Long Range Financial Plan Stakeholder Presentation

  20. August 25, 2014 – Award of Contract – Long Range Financial Plan

  21. June 16, 2014 – Draft Scope of Work & Deliverables for Long Range Financial Plan (LRFP)

  22. FIN-01-2014 – RFP – Consulting Services – Long Range Financial Plan

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