Gananoque council will vote Tuesday on adopting an updated tangible capital asset (TCA) policy to align with Public Sector Accounting Board (PSAB) standards and strengthen the municipality’s long-term financial planning.

The proposed bylaw would repeal the town’s existing 2012 policy and replace it with a new framework outlining how municipal assets are recognized, valued, amortized, and disposed of. The update is designed to improve asset data quality, support life-cycle planning, and link levels of service to asset performance.

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Treasurer John Morrison’s report notes the policy will enhance Gananoque’s asset management program by ensuring consistency in how capital assets are tracked and maintained, while also informing reserve contributions and future capital foreca

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