VFA Webinar
Managing Canadian Municipal Real Estate Assets: Approaches for Complying with PSAB 3150
The Federation of Canadian Municipalities recently reported that 80% of Canada’s infrastructure is past its service life, and sets the price for eliminating this infrastructure deficit at $123 billion.
In an effort to fully understand the condition and valuation of tangible assets and report publicly on the infrastructure deficit, Canadian municipalities must meet new accounting standards mandated by the Public Sector Accounting Board (PSAB 3150 – Tangible Capital Assets). How will your municipality comply? What are the consequences of not complying?
Join VFA for this web presentation to learn how your municipality can proactively collect information about capital assets, understand value and liability, budget for needed improvements, and demonstrate effective stewardship of public facilities for both PSAB and asset management purposes. Learn how such Canadian municipalities as the City of Richmond, City of Regina, and the City of Victoria are streamlining capital budgeting, proactively managing lifecycle renewal, reducing capital asset costs over time, and building a business case for capital programs.
What You’ll Learn
You’ll discover approaches for:
- Maintaining accurate information about the condition of facilities and systems including asset cost, condition, age, expected life, units, planned and approved expenditures.
- Modeling your facilities portfolio to rapidly estimate overall renewal costs and anticipate future capital needs
- Create long-term capital plans that align with strategic goals, legislation and capital grant and funding program
- Streamlining financial reporting including PSAB reporting
- Developing compelling requests for renewal and capital programs funding
- Move towards PSAB Compliance and beyond
Who Should Attend?
Municipal government employees responsible for:
- Capital Planning, Capital Budgeting, Capital Asset Management
- Facility/Facilities Management, Real Estate, Property Management
- Engineering, Operations
- Compliance with PSAB 3150/Financial Reporting
Speakers
Marjorie Johnson, CGA, Certified General Accountant
Ms. Johnson is a Certified General Accountant with over 20 years accounting experience — 12 years of which were in the Municipal Sector. She has worked for both the City of Vaughan and City of Brampton in various positions including Manager of Capital and was a Senior Auditor in the private sector. Marjorie currently provides PSAB consulting services to various government organizations and private sector clients and implements municipal budgeting solutions across North America.
David Isaacson , Director of Product Marketing, VFA, Inc.
Mr. Isaacson is responsible for product marketing for VFA’s products and services for capital planning and management, including VFA.facility®, VFA.auditor™ and VFA.spendManager™, as well as defining new VFA products. Previously, he held product marketing and product management positions for high-tech organizations including Oracle, GTECH and Fast Search & Transfer. He has successfully launched and positioned software products in categories including eBusiness, business intelligence, transactional systems, and enterprise search.
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