Credit Rating
The District Municipality of Muskoka's credit rating is prepared by Moody's Investors Service and remained Aa2 from the time of the 2008 review to the 2022 review. On November 3, 2022, Moody's Investors Service upgraded the District’s long-term issuer and senior unsecured debt ratings to Aa1 from Aa2. At the same time, the baseline credit assessment (BCA) was upgraded to aa1 from aa2. The BCA reflects the District's strong fiscal results, exceptional liquidity, conservative fiscal management practices and predictable property taxes and user fees. The outlook on all ratings was revised from to stable from positive.
The main purpose of a credit rating is to provide confidence and financial information to potential purchasers/investors in debentures issued by the District. The benefits of a strong credit rating are that it:
- Reduces the interest rate costs on new debt issues
- Allows for more flexibility in negotiating the length and terms on new debt
- Generally increases the market for the District's debentures
In addition, the annual credit rating and analysis provides a snapshot of the financial position and performance of the corporation, by an independent agency, for both public and District Council to review.
Asset Management Plan
Our Asset Management Plan for roads, bridges, water and wastewater assets and Detailed Asset Inventory is the District's road map for sustainable infrastructure planning going forward.
An update to the District's 2018 Asset Management Plan - Core Assets was completed and approved by District Council on June 20, 2022. This update brings the District's asset management plan into compliance with the July 1, 2022, requirements of Ontario Regulation 588/17.
Additional assets will be added to the plan as it is updated.
The Asset Management Plan is a comprehensive long-term plan for capital assets that is developed using the best available information to support capital and financial decision-making.
Future infrastructure funding is conditional upon the municipality having an up-to-date asset management plan.
Performance Management
The District is committed to performance measurement for analysis of how our various programs, service levels and costs compare to other regions.
Performance measurement information is used in budget deliberations and to identify areas where additional resources may be required. The District currently participates in the Municipal Competitiveness Study, developed by BMA Management Consulting. This yearly municipal study compares general statistics, tax policy, ratios and rates, water and sewer and economic development programs.
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Study Results |
Annual Energy Consumption Reports
Ontario Regulation 397/11 under the Green Energy Act, 2009 requires that all municipalities report annual energy consumption and greenhouse gas emissions from the operation of specific facilities.
The District's reportable facilities include:
- Administrative offices
- Ambulance stations
- Storage facilities
- Facilities related to the pumping and treatment of water and sewage
| Energy Conservation and Demand Management Plans |