News Release - Buffalo Pound Water Treatment Plant Governance to be Restructured
Buffalo Pound Water Treatment Plant Governance to be Restructured
MOOSE JAW - Moose Jaw – Governance of the Buffalo Pound Water Treatment Plant will be restructured to be a non-profit corporation.
The City Councils of Moose Jaw and Regina approved the governance change at coinciding City Council meetings on Wednesday, Dec. 2, 2015. The Buffalo Pound Water Treatment Plant provides potable water to both the cities of Moose Jaw and Regina.
For the past 60 years, the Buffalo Pound Water Treatment Plant has operated as a loose joint venture agreement between the cities of Moose Jaw and Regina. As the asset ages, however, and major capital expenditures will be needed for the facility in the coming years, implementing appropriate corporate governance will assist both cities in better managing the asset, providing the best possible value for both cities’ residents.
Currently, governance of the water treatment plant involves an informal Board of Directors of three operating managers who have full-time jobs at the cities of Moose Jaw and Regina.
A selection process for board members will be undertaken in 2016, with the new five-person board to undertake governance starting in 2017.
The change will begin to eliminate the need for one-off requests for funding from the water treatment plant for various infrastructure initiatives. The plant will shift to a full cost recovery model, whereby rates charged to the cities will reflect the costs for operating the facility.
With the change to a non-profit corporation, the water treatment plant will continue its current ownership split of 74 per cent City of Regina to 26 per cent City of Moose Jaw, with voting memberships divided in that way.
With the new governance model, quarterly reporting to each city will occur and an annual report will also be produced.
Manager, City of Moose Jaw