Reserve Policy Essentials
By Tim Duhamel
This course will deliver everything required to provide your municipality with an effective reserve policy. Included are the essentials for determining optimal reserve balances.
- Reserve Fundamentals – The key to successful reserve policy creation is having a fundamental understanding of the concept of reserves.
- Essential Reserves / Optional Reserves – Financial resources are limited in today’s difficult municipal world. Reserves are critical to municipal sustainability but can also be viewed negatively by council and the public if not properly justified.
- Reserve Policy Must Haves – A comprehensive reserve policy requires certain information be included. Reserve description, justification, use, approval requirements and much more are required when drafting a quality reserve policy.
- Optimal Balances – How much is enough, or conversely too much? Justifying reserves can be supported through the understanding of the optimal balance.
PD Credits: 1.5
Updated: July 5, 2023
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.
The key to successful reserve policy creation is having a fundamental understanding of the concept of reserves. This webinar will cover the foundational what and why’s of municipal reserves.