What impact will TCA accounting have on the Region of Peel’s MPMP performance reporting?
The Region is now required to include the costs of capital maintenance, reported as capital expenditures in prior years, as part of our operating costs. For some program areas, this has made a significant impact in the costs reported for 2009. To mitigate this impact on our year over year results the Region has restated the 2008 numbers. We are also required to add amortization (depreciation) and interest on long-term debt to operating costs. To reflect this we have included two costs measures, one for operating costs and one that is the total of operating costs and amortization and interest on long term debt called “Totals Costs”.
