This is the exact embedded text of the captured official document.
Snapshot 920971252d3b · verified 2026-10-18 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
2025 Policy
Year: 2025
Village of Vibank
Date: July 29, 2025
2024 Waterworks Policy:
25/203
(McCarron): THAT the 2024 Waterworks Policy be adopted as attached hereto.
CARRIED
The rates and fees charged by the Village of Vibank are calculated in units
of 1 cubic meter. The minimum charge to a consumer will be the base rate as
established by bylaw.
RATES:
Base Charge:
$62.50 per month
1-20 Cubic Meters:
$2.60 per cubic meter
20 + Cubic Meters:
$2.85 per cubic meter
2024 expenses surpassed revenue and water costs had to be subsidised by tax
revenue. Debt repayment remains higher due to the discontinuing of the interest
refund program.
The objective of our waterworks policy is still to provide quality potable water
while maintaining the utility as a self-sustaining entity.
Council reviews both the water works policy and rates periodically to ensure
revenues are meeting or surpassing expenditures allowing the Village to build a
reserve for any future infrastructure maintenance and/or replacement. As a
result of this review, 2024 saw no rate increase.
Repair costs to the 2012 Water Treatment plant are extensive with the addition of
a corrosion inhibitor to the system, various pumps, valves, electrical equipment,
and general maintenance.
Aging infrastructure - water lines are being excavated and repaired on an as
needed bases until the number of breaks are under control, to follow a plan.
2024 saw the installation of Isolation Valves up the centre of the distribution
system as phase 1 of continuing efforts to prepare the village for the repair and
replacement of an aged distribution system.
The village is nearing the end of its Water Treatment Plant debt repayments
bringing the system nearer to becoming financially self sustaining.
VILLAGE OF VIBANK
ANNUAL FINANCIAL OVERVIEW
2024
Total waterworks revenue:
$213,396
Total waterworks expenses:
$247,283
Surplus/Deficit:
-$33,887
Ratio:
$213,396 = 0.86
$247,283
Reserves: $150,000*
Waterworks Capital Investment Strategy
Project:
Year of Complete
Cost Estimate Source of Funding
Replace Water Meters
2027
$115,000
Reserves and Operating
Replace Shut Offs and Lines
2029
$800,000
Operating and Grants