Covers the legislative framework and accepted financial principles for defining and managing capital assets in the municipal public sector.  The process of setting and approving municipal budgets will be thoroughly explored.  Other factors such as risk management, balancing political and operational priorities, determining an appropriate asset management strategy, and performance measurement will also be examined.   

Course Content

• Municipal assets and provincial legislation
• Defining capital assets
• Tangible capital assets and PSAB
• Municipal capital planning
• Capital assets and Financial Information Returns
• Ontario’s Infrastructure Plan
• Review Asset Management Best Practices – Financial Perspective
• An introduction to capital investment planning
• Risk management and Minimum Maintenance Standards
• Budgeting for the maintenance of assets
• Rehabilitate, reconstruct or decommission?
• You and the auditor
• A primer on the municipal budgeting and approvals process
• Municipal budgeting 101
• Municipal budgets from Council’s perspective

Who Should Attend

Middle and senior managers with responsibility for the management of municipal public assets.

Accreditation

This course is recognized by:

The Engineering Institute of Canada awards 2.7 Continuing Education Units to this course.