11/04/2008

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 2007 municipal fiscal year as well as the results of AMO’s compliance audit. Part I is being mailed to all municipalities. Part II is only available on AMO’s website.

Municipalities continue to demonstrate that stable and predictable funding from other orders of government will leverage investments in municipal infrastructure. As of December 31, 2007, over $377.2 million in federal gas tax revenue has been invested in over 1,000 environmentally sustainable municipal infrastructure projects. This represents a total investment of $2 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. While investments in roads and bridges continue to lead the investment categories, many municipalities are using federal gas tax revenues to undertake energy retrofits to municipally owned facilities in order to reduce energy costs. Details of investments by project category can be found in Part II of the report.

Municipal staff are reminded that 2008 annual expenditure report and audit statement are due to AMO by March 31, 2009. The online reporting module is always available to municipalities to facilitate the reporting requirements.