10/01/2009

AMO's 2008 Gas Tax Fund and Public Transit Fund Annual Expenditure Report was presented, as well as the results of AMO's compliance audit.
Background: 

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

Municipalities continue to demonstrate that stable and predictable funding from other orders of government will leverage investments in municipal infrastructure. As of December 31, 2008, over $620 million in federal gas tax revenue and $44 million in public transit revenue has been invested in over 1,600 environmentally sustainable municipal infrastructure projects. This represents a total investment of over $2.9 billion since the signing of the historic revenue sharing agreements in 2005 and 2006 respectively.

The flexible framework of both Agreements has provided the ability for municipal councils to set and meet local priorities for investment. While investments in roads and bridges continue to lead the eligible investment categories, many municipalities are using federal gas tax revenues to undertake energy audits and retrofits to municipally owned facilities in order to reduce energy costs. This is the fastest growing category as municipalities have recognized the lasting environmental and financial benefits of such projects.

Action:

Municipal staff are reminded that 2009 annual expenditure report and audit statements are due to AMO by March 31, 2010. The online reporting module is always available to municipalities to facilitate the reporting requirements.

Part I, the aggregate report, is being mailed to all municipalities. Part II, the details of investments by project category and the audit statements, are only available electronically on AMO’s website