EXECUTIVE COMMITTEE – DECEMBER 14, 2016
Derrick Bellow and Ryan Johnson, representing Buffalo Pound Water Treatment Corporation addressed the Committee.
The Committee adopted a resolution to concur in the recommendation contained in the report.
Mayor Michael Fougere, Councillors: Barbara Young (Chairperson), Sharron Bryce, Lori Bresciani John Findura, Jerry Flegel, Bob Hawkins, Jason Mancinelli, Joel Murray, Mike O’Donnell and Andre Steven were present during consideration of this report by the Executive Committee.
The Executive Committee, at its meeting held on December 14, 2016, considered the following report from the Administration:
CONCLUSION
The Buffalo Pound Water Treatment Corporation (Corporation) has presented its semi-annual report attached as Appendix A. The plan has been prepared based on the requirements defined in the Unanimous Membership Agreement. The report supports improved infrastructure stewardship, capital acquisition and capital reinvestments. It also supports the creation of a sustainable business plan for the Corporation.
BACKGROUND
The Buffalo Pound Water Treatment Corporation is the non-profit corporation that is responsible for the operation and maintenance of the Buffalo Pound Water Treatment Plant. Under the terms of the Unanimous Membership Agreement, the Corporation is owned jointly by the City of Regina (74%) and the City of Moose Jaw (26%). The Corporation provides the cities with a reliable and affordable supply of safe, high quality drinking water which meet the needs and expectations of consumers.
This is the first semi-annual report of the Corporation to meet the requirement under the Unanimous Membership Agreement.
DISCUSSION
The Buffalo Pound Water Treatment Corporation is exclusively managed by the Board of Directors who are independent from the Cities of Regina and Moose Jaw and have the full authority to make strategic business decisions.
The Corporation is presenting its semi-annual report which includes the following information:
a) The strategic plan update for the Corporation
b) Project major capital expenditures in excess of $1 million
c) And matters that require the approval of the cities pursuant to Article 5 of the agreement
d) Six month financial statement for the period ending June 30 and financial projections against budget
e) Financial and operational performance against stated goals and objectives, including key performance indicator report
f) Capital and operational plans and budgets for the upcoming year
g) Reporting on performance of the board of Directors and any updates on the required skills and experience matrix for future appointments
h) Information that is likely to materially affect either of the cities
RECOMMENDATION IMPLICATIONS
Financial Implications
None with respect to this report.
Environmental Implications
None with respect to this report.
Policy and/or Strategic Implications
None with respect to this report.
Other Implications
None with respect to this report.
Accessibility Implications
tion
COMMUNICATIONS
None with respect to this report.
DELEGATED AUTHORITY
The Buffalo Pound Board of Directors has the authority to make strategic business decisions, including approval of the operating and capital budgets for the Corporation and it is presented to City Council as information.
Respectfully submitted,
EXECUTIVE COMMITTEE
Jim Nicol, Secretary