Town of Banff

Community Infrastructure

• Investment in infrastructure was up by 29.6% over 2009
• Total available debt capacity increased by 38.4% over 2009

By the numbers:

2010:

• Estimated total replacement cost of capital assets (excluding land): $445.9 million
• Infrastructure spending:  $23,065,710, or 5.1% of total replacement costs of capital assets
• Long-term debt of $17,784,911 plus loan guarantee of $7,325,471 equals a total debt of $25,110,382
• Total debt capacity: $42,210,807

2009:

• Estimated total replacement cost of capital assets (excluding land): $440.9 million
• Infrastructure spending:  $15,631,261, or 3% of total replacement costs of capital assets
• Long term debt (including loan guarantee):  $27,701,647
• Total debt capacity:  $40,014,588

What affected 2010 results?

The major item affecting the infrastructure spending, asset replacement and long term debt in 2010 was the completion of the Recreation Centre project. With the new building comes an increase in the annual capital transfer requirement for the future replacement of the building as well as a related cost for annual maintenance.

For more information about the Town’s capital program and budget:

• Capital budget
• Capital projects map
• Financial statements
• Asset management