Government Finance Officers
Association of British Columbia
MyAccount

For information on registration and courses offered please return to the Training & Events page.

Course Objectives:

What is the appropriate level for reserves? How should they be funded? This course will lay the foundation for establishing reserve/reserve fund policies to assist in long-term financial planning, asset management and management of liabilities. It will focus on the statutory basis for several types of reserves and reserve funds and the approach to measuring and developing policies to address the needs of the municipality.  This one day course, designed originally by the Municipal Finance Officers of Ontario (MFOA), will lay the foundation for establishing reserve/reserve fund policies to assist in long-term financial planning, asset management and management of liabilities. It will focus on the statutory basis for several types of reserves and reserve funds and the approach to measuring and developing policies to address the needs of the municipality.

Who Should Attend:

This course would be appropriate for Senior Financial Officers, Administrators, new Municipal Finance Employees and others who are interested in building long-term financial stability for their organization. 

Benefits of Attending:

Participants will discuss and gain an understanding of the following:

  • The use of Reserve and Reserve Funds in BC, Ontario and elsewhere
  • Fundamental Characteristics of Reserves and Reserve Funds (how to create/eliminate them, funding sources, statutory requirements)
  • Objectives and use for Long Term Financial Planning and Asset Management
  • Determining Reserve Adequacy and Sustainable Contribution Rates
  • Establishing Policies for the Creation and Use of Reserves and Reserve Funds 

Dates offered:

                November 2016, Vancouver

                November 2015, Vancouver

                October 2015, Kimberley

                December 2012, Vancouver