Public Reporting on Municipal Waterworks – 2024
Why this information is provided
The Municipalities Regulations require municipalities that own or operate waterworks systems to publicly report certain financial information each year. This reporting supports transparency and accountability in how municipal water services are funded and managed.
The Town of White City provides this information annually in accordance with provincial legislation.
2024 Waterworks Financial Overview
The following is a financial overview of the 2024 waterworks, as required under The Municipalities Regulations:
Total waterworks revenues (as reported in the financial statements): $3,056,851
Total waterworks expenditures (as reported in the financial statements): $2,317,526
Total debt payments on waterworks infrastructure loans: $410,974
Comparison of waterworks revenues to expenditures plus debt payments, expressed as a ratio:
Reserves balance available for waterworks capital infrastructure: $1,463,949
The financial overview details have been extracted from the 2024 audited financial statements. For a detailed explanation regarding the waterworks rate policy and waterworks capital investment strategy, please go to https://whitecity.ca/p/budget for a copy of our full 2024 Budget document.
Explanation of the Ratio
Waterworks revenues exceeded expenses in 2024. This reflects the Town’s approach to ensuring that water services are financially sustainable and able to support ongoing operations, maintenance, and long-term infrastructure planning.
Information Available for Public Inspection
In accordance with section 54 of The Municipalities Regulations, the following information is available for public inspection during regular office hours at the Town of White City municipal office:
Current waterworks rate policy and capital investment strategy
2024 waterworks revenues, expenses, and revenue-to-expense ratio (see above)
Current waterworks reserves (see above)
Most recent independent engineering assessment of the waterworks system
Capital plans for waterworks infrastructure projects and sources of funding
Where information is available online, links are provided on this page.