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.

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.

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.

Currently available ON DEMAND

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