5-year Capital Plan and Reserve Fund Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$45,000
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$40,500
Program type
MAMP
Municipality
Rural Municipality of Medstead No. 497, SK
Status
Fully Disbursed
Population
489
Project timeline
2022 - 2023
Project number
18103
Description
Applying the existing knowledge of infrastructure assets and updating the inventory and condition of culverts, the Rural Municipality of Medstead No.497 will develop a 5-year Capital Plan and reserve fund strategy to improve its budgeting and capital planning processes. Developing the capital plan and reserve fund strategy will be a critical part of establishing a sustainable financial strategy to manage the R.M.'s asset during a time of inflationary and supply chain pressures on municipal budgets.
Applicant
Rural Municipality of Medstead No. 497, SK