10/04/2007

AMO is obligated under the Federal Gas Tax Agreement and the Transfer of Federal Public Transit Funds Agreement to report by September 30th annually to Canada the aggregate results of municipal investments under both Agreements.
AMO is also obligated to submit to Canada annually a compliance audit outlining the Association’s compliance with the terms and conditions of the Agreements.

AMO is pleased to share the aggregate results of the 2006 municipal fiscal year as well as the results of AMO’s compliance audit. All documents can also be found on the AMO website in the Sustainable Municipalities – Federal Gas Tax Fund area or by clicking here.

Municipalities continue to demonstrate that there are better ways than the traditional one-third cost sharing program to leverage investments in municipal infrastructure. As of December 31, 2006, over $145.5 million in federal gas tax revenue was invested in over 550 environmentally sustainable municipal infrastructure projects. This represents a total investment of over $1.4 billion since the signing of the historic revenue sharing Agreement in June 2005.

The flexible framework of both Agreements has provided the ability for local councils to set and meet local priorities for investment within the terms and conditions of the respective Agreement. It is clear that historical deferred investments in roads and bridges are being addressed through the federal gas tax revenue with over $93.6 millions invested in local road and bridge projects in 2006. However, many municipalities are also utilizing the revenue to undertake projects that will position them well in the future with respect to public transit, water, wastewater, solid waste and community energy systems.
 
Municipal staff are reminded that 2007 annual expenditure report and audit statement are due to AMO by March 31, 2008. The online reporting module is always available to municipalities to facilitate the reporting requirements.