Community Dashboard: Total reserves and discretionary reserve funds
Rationale and analysis
Why this measurement is important
Reserves are savings for unavoidable / unpredictable events, future needs and contingencies. To build up reserves, money is set aside from property taxes and the sale of assets.
How we measure this data
As overseen by Corporate Services, Financial Management and Planning.
Progress and advancements
The target of greater than 20 per cent is based on Ministry of Municipal Affairs and Housing risk ranges, which highlight that total reserves and discretionary reserve funds that are greater than 20 per cent reflects a low risk.
The 2021 figure of 28.4 per cent meets the current target of 20 per cent or greater.
About this indicator
Indicator shows the relative proportion of total reserves and discretionary reserve funds as a percentage of municipal expenses and reflects the proportion of money that is set aside for future needs and contingencies.
More information
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
