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ANNUAL WATERWORKS INFORMATION
ANNUAL INFORMATION TO BE MADE AVAILABLE AT THE MUNICIPAL OFFICE BY SEPTEMBER 1 OF EACH
YEAR (beginning 2006)
Year: 2023
Name of Municipality: TOWN OF OSLER
Date: August 19, 2024
WATERWORKS RATE POLICY
The Town Council in Osler has a policy of reviewing rates annually. Bylaw 2022-13 came into force on
January 19th, 2023 upon Provincial approval. This bylaw set the rates to be charged for the use and
consumption of water and to fix the rates to be charged by way of rent and service charge for the use of
the sewer as well as an infrastructure fee for each. This bylaw provides for an increase in water rates
and sewer rates based on actual use. The bylaw will be reviewed again in 2024.
This should assist in moving these numbers into a better situation with respect to full recovery of costs.
The rates are as follows:
Jan 2023 to Dec 2023
$16.80
$4.32/cu M
$18.80
Jan 2024 to Dec 2024
$16.80
$4.49/cu M
$19.30
Jan 2025 Forward
$16.80
$4.67/cu M
$20.00
The objective of the Waterworks rate policy is to ensure the town is covering the cost of regular
increases from the service provider, SASK WATER, and that these increases are passed on to the end
user (as per our waterworks strategy - Policy OSL.9.1 included). This policy will be reviewed again in
August of 2024.
WATERWORKS CAPITAL INVESTMENT STRATEGY
ANNUAL WATERWORKS FINANCIAL OVERVIEW
The following is information on the waterworks, as required under The Municipalities Act Regulations:
2023 Waterworks Overview:
Waterworks Revenues:
Water Sales/Household & Bulk
$407,336
Infrastructure Revenue
$103,396
$510,732
Waterworks Expenditures:
Debt Repayment (Debentures)
$ 0
Sask Water Contract
$300,078
Amortization & Cost of Borrowing
$ 70,714
All Other Expenditures
$152,540 $523,332
Comparison of waterworks revenues to expenditures plus debt payments, expressed as a ratio:
Revenue
$ 510,732 = 0.98
Expenditure
$ 523,332
For 2023, waterworks revenues covered 98% of the waterworks expenses.
RESERVES
Reserves available for waterworks capital infrastructure - $ 277,290
It appears the percentage of revenue is not yet covering the expenses, however, with reviewing the
Water & Sewer Rates Bylaw frequently we are closing the gap. As the Town continues to work on Asset
Management, and because the Debentures are paid, a new expense line is being used for Reserve
Funds. The Reserve Funds are currently made up of the water infrastructure revenue. This will help to
provide an appropriate level of funding for replacement, expansion or upgrades.
The following additional information is available at the Municipal Office (or the Town's website at
www.townofosler.com) on the waterworks:
2022-13 Water & Sewer Rates Bylaw
2023 Audited Financial Statement including information on Waterworks Reserves.
A copy of the most recent waterworks assessment (office only)
The CAO will be pleased to share information with members of the general public at any time, by
appointment