2011 High WaterEvent Costs - UpdateDean HammondCity Treasurer and GM of Corporate ServicesAugust 13, 2012
Agenda• Phase I - Dike Upgrades• Phase II - High Water Event Costs• Claimable vs. Non-Claimable DFA Costs• Status of Disaster Financial Assistance (DFA) Claim• Phase III - Remediation Costs• Next Steps
Phase I – Dike Upgrades• Costs of phase I dike upgrades - $1,535,320• Council authorized $1,100,000 from the City’s Diking & Flooding Control Reserve.• Spring of 2011, Province Committed an additional $800,000• Spring of 2012, Province announced that they will cover 90% of the costs associated with the initial dike upgrades
Phase II – High Water Event Costs • All costs incurred while in flood fighting mode (April through end of June 2011) • Includes second round of dike upgrades • Most of these costs are claimable through DFA
Phase II – High Water Event Costs Contracts (round 2 dike upgrades) $263,412 Equipment $1,455,980 Fuel $115,659 Parts & Materials $561,247 Regular Salaries $661,945 Overtime Salaries $977,408 Miscellaneous $18,994 Total Costs Incurred $4,054,645
Status of DFA Claim• All costs have been tabulated for Phases I & II.• DFA binders are ready to be submitted.• DFA timelines for completion of our claim uncertain at this point.
Status of DFA ClaimPhase I costs $1,535,320Phase II costs $4,054,645Total Costs Incurred $5,589,965Less:City’s Portion of initial dike construction $(153,532)DFA Per Capita deductible $(103,778)Regular Salaries $(661,945)Net DFA Claimable Costs $4,670,710Less:Allowance for Rejected Claim Amounts $(289,083)DFA Advance Received in 2011 $(791,666)Net DFA Receivable $3,589,961
Phase III – Remediation Costs• Remediation costs include all expenses to restore sites to their pre high water state.• These for the most part are 100% claimable (providing our insurers haven’t already covered it)• 62 individual “sites” are under pending claim status.• Some sites will take years to restore to their prior states, e.g., Riverbank Centre
Next Steps• Coordinate with Emergency Measures Organization on completing our current DFA claim.• Coordinate with Emergency Measures Organization on Site Remediation claims as they are completed.