Municipal Reserves 101
By Tim Duhamel
Municipal reserve funds serve many purposes. This webinar covers what reserves are critical to long-term financial sustainability and how to develop a long term reserve strategy for your municipality!
Register Today!
Course Content
- Best practices for municipal reserve planning and the basic foundations of why municipalities have reserves
- Determining reserve requirements (contingency, operating, capital) and optimal balances
- Developing a long-term reserve strategy for financial sustainability
- Reserve strategy for asset management
- Explaining the need for reserves to Council and the public – justification for reserve funds
- Reserve policy – well thought out and clearly articulated reserve policies can help to overcome many challenges including reserve justification, allocation of year end surplus, and understanding optimal balances
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- Best practices for municipal reserve planning and the basic foundations of why municipalities have reserves
- Determining reserve requirements (contingency, operating, capital) and optimal balances
- Developing a long-term reserve strategy for financial sustainability
- Reserve strategy for asset management
- Explaining the need for reserves to Council and the public – justification for reserve funds
- Reserve policy – well thought out and clearly articulated reserve policies can help to overcome many challenges including reserve justification, allocation of year end surplus, and understanding optimal balances
Course Info
Regular Price:$199.00
Special Reduced Price:FREE
PD Credits: 1.5
Category: Treasury
Updated: Nov 17, 2023
Duration: 1:32:53
Course Synopsis
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
Municipal Education.
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
About the Author
Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and
external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.
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Tim Duhamel is the founder and President of Bloom Centre of Municipal Education.
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
-
Tim Duhamel is the founder and President of Bloom Centre of Municipal Education.
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.
About the Author
Tim Duhamel is the founder and President of Bloom Centre of Municipal Education.
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
About the Author
Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.
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Course Description
In today’s turbulent financial world, justification for reserve funds is becoming a significant issue for municipalities Canada wide. Learn the basic foundations of why municipalities have reserves and what reserve best practices are.
Learn how having reserve funds for emergent items, project requirements, capital planning, and contingencies is critical to the financial sustainability of all municipalities, how having clearly articulated reserve policies can help to overcome many challenges, and how asset management and long-term capital planning is essential for a municipality’s ability to deliver services.
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In today’s turbulent financial world, justification for reserve funds is becoming a significant issue for municipalities Canada wide. Learn the basic foundations of why municipalities have reserves and what reserve best practices are.
Learn how having reserve funds for emergent items, project requirements, capital planning, and contingencies is critical to the financial sustainability of all municipalities, how having clearly articulated reserve policies can help to overcome many challenges, and how asset management and long-term capital planning is essential for a municipality’s ability to deliver services.
Learning Outcomes
Learn the basic foundations of why municipalities have reserves and what reserve best practices are
Learn about the analytics behind developing optimal reserve balances based on reserve requirements (contingency, operating, capital)
How to develop a long-term reserve strategy specific to your municipality’s needs for financial sustainability
Learn how understanding how reserve planning can have a positive impact on asset management is an important tool for all financial officers
How to effectively justify and communicate reserve requirements to Council and the public
How to develop quality reserve policy that supports your municipality’s organizational goals
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Learn the basic foundations of why municipalities have reserves and what reserve best practices are
Learn about the analytics behind developing optimal reserve balances based on reserve requirements (contingency, operating, capital)
How to develop a long-term reserve strategy specific to your municipality’s needs for financial sustainability
Learn how understanding how reserve planning can have a positive impact on asset management is an important tool for all financial officers
How to effectively justify and communicate reserve requirements to Council and the public
How to develop quality reserve policy that supports your municipality’s organizational goals
Who Should Attend?
A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!
The webinar focus is on the professional development needs of any municipal financial professional and senior executive.
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A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!
The webinar focus is on the professional development needs of any municipal financial professional and senior executive.
BLOOM can customize courses for your needs.
Some topics include:
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- Municipal risk and opportunity reviews
- Financial condition assessments
- Budget process reviews and development
- Priority based budgeting
- Program and service costing
- Operating budget forecasting and financial solution development
- Asset management
- Capital budget development and prioritization
- Capital plan development and prioritization
- Capital plan funding strategies (debt, grants, reserves, operating budget)
- Long term financial plan development
- Municipal price inflation (MPI) development
- User fee and permit reviews
- Development levy plans
- Grant research and application support
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- Strategic plan facilitation and development
- Business plan facilitation and development
- Situational consulting and strategy development
- Facility project plans and feasibility studies
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- CAO mentorship and education
- Finance officer mentorship and education
- Council orientation and education
- Environmental education
- Communication and writing mentorship
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- Project plans
- Change management plans and facilitation
- Services reviews
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- Representation and negotiations
- Intermunicipal agreement reviews, frameworks and facilitation
- Intermunicipal negotiations
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- Communication plans and strategies
- Facility sponsorship packages
- Narrative process development (budgets, strategic plans, business plans)
- Business plan writing
- Budget communication support
- Media releases
- Media strategy
- Newsletter development
- Public survey development
- Business case development
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- Environmental education
- Environmental communication plans and strategies
- Climate change adaptation plan development
- Environmental strategic planning
- Environmental grant research and support
Questions? Get in touch…
