Title
PRESENTATION BY WATSON AND ASSOCIATES ECONOMISTS LTD. CONCERNING THE CITY OF BARRIE’S LONG RANGE FINANCIAL PLAN
Gary Scanlan of Watson and Associates Economists Ltd provided a presentation concerning the City of Barrie’s Long Range Financial Plan.
Mr. Scanlan discussed slides concerning the following topics:
• The purpose of the Long Range Financial Plan Study;
• The financial sustainability for municipal infrastructure;
• The financial risks to consider associated to the City’s growth, asset management and debt financing;
• Charts illustrating the following:
o Capital forecast and financing between 2021 to 2041;
o Assessment growth between 2021 to 2041;
o Forecasted tax-supported budget and tax rate increases between 2021 to 2041;
o Forecasted rate supported budget between 2022 to 2041;
o Water and wastewater rate forecast between 2022 to 2041;
o Outstanding debt (principal) between 2022 to 2041; and
o Debt capacity analysis between 2021 to 2041.
• A summary of the plan and key suggestions for improving financial sustainability;
• The financial policy recommendations; and
• The next steps for the plan.
Members of Council asked a number of questions to Mr. Scanlan and City staff and received responses.