The Water Financial Plan update has been prepared in accordance with the prescribed requirements of O. Reg. 453/07. This allows satisfying the mandatory requirement of the Safe Water Drinking Act subsection 44 (1): 4. Prepare and provide a financial plan. The Financial Plan converts the information into accrual-based accounting that translates to the Public Sector Accounting Board (PSAB) standards. The plan uses tangible capital asset (TCA) information for capital items at historical cost-based values as opposed to the projected future replacement costs in the capital forecasts. The Water Financial Plan was adopted by Council on March 10, 2026 and is available here.

A Rate Study is a separate document from the Financial Plan. The Rate Study is cash-based, as presented in the budgets, and the Financial Plan is accrual based, as presented in year end financial statements. The Current rate study can be found here.