Rate Study and Financial Plan

Study Purpose

Watson & Associates Economists Ltd. (Watson) was retained by the Town of Tecumseh (the  Town) to prepare a water financial plan as part of the five submission requirements for the purposes of obtaining a municipal drinking water license as per the Safe Drinking Water Act, 2002. In general, a financial plan requires an in-depth analysis of capital and operating needs, a review of current and future demand versus supply, and consideration of available funding sources. This detailed financial planning and forecasting in regards to the Town’s water systems has already been completed and documented by Watson within the “Town of Tecumseh Water and Wastewater Rate Study, June 11, 2010” (2010 Rate Study). The objective of the report provided herein is to convert the findings of the 2010 Rate Study into the prescribed reporting requirements for a financial plan as defined by Ontario Regulation 453/07 (O.Reg. 453/07).