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!
- 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
PD Credits: 1.5
Updated: Oct 21, 2020
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
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.
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.
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.
BLOOM can customize courses for your needs.
Some topics include:
Questions? Get in touch…