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Webinar: Navigating Through the Financial Impact of Covid-19

You are invited to attend a free webinar, hosted by the Ontario Municipal Water Association (OMWA):

Navigating Through the Financial Impact of Covid-19

WHEN: Friday, May 8, 2020 – 11:00 A.M.

WHO SHOULD ATTEND THIS FREE WEBINAR:  This webinar will be of significant interest to council members, CAOs, treasurers and senior water and wastewater managers of municipalities/utilities who have seen a significant drop in their water and wastewater revenues and have concerns about the financial challenges associated with the COVID -19 emergency. This is an opportunity to listen to and ask questions of the Managing Partner of one of Canada’s leading economic consulting firms.

Please register in advance for this webinar via the link below:

https://us02web.zoom.us/webinar/register/WN_rKaVL50GRoavaD0bBx8p1A

Once you have registered you will receive a confirmation email within 12 hours containing instructions on how to join the webinar.

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COVID -19 and its associated control measures are having a significant impact on Ontario’s people, businesses, and institutions.  Municipalities are no exception. All orders of government are being asked to demonstrate leadership and provide relief and stability to citizens while continuing to provide vital services.  Many municipalities are looking at options to provide ratepayers with financial relief through billing deferrals, suspension of interest and penalties on overdue receivables, delays or reductions of development charge payments, etc. All of these actions, come with potential future financial implications and decisions.

The OMWA is hosting this informative webinar to provide helpful guidance on some options for expenditure and revenue management along with a discussion of the short/medium term impacts that these options may have on the water/wastewater utility.

Topic areas include:

  • expenditure policy options
  • rethinking your reserve funds
  • short-term/long-term debt considerations
  • rate reductions
  • financial implications, and more.

Gary Scandlan is the Managing Partner and Director of Watson & Associates Economists Ltd. Gary has over 40 years of experience with capital and operating budgeting, water/wastewater/stormwater rate setting, development charges, and long-range financial planning. Watson & Associates Economists Ltd. Is one of Canada’s leading economic consulting firms. Established in 1982, they offer a comprehensive range of financial planning and policy services to clients in government throughout Ontario and other provinces of Canada.

Once again, participation in this webinar is free, but space is limited.  Register as soon as possible. If you have questions, feel free to ask and provide those in writing to us prior to Wednesday, May 6, at 4:00 p.m.

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Webinar Host – Michael Mortimer (President, OMWA)

Webinar Speaker – Gary Scandlan, Managing Partner and Director, Watson & Associates Economists Ltd.