Airport – Used to fund future maintenance expenditures required to keep the Pincher Creek Municipal Airport (M.D. owned facility) in a safe operating capacity.

Road Construction - Used to fund future repair and upgrading of municipally owned roads. This may include land purchases, legal surveys, engineering costs, easements, borrow and construction costs. Both cost shared projects and 100% municipal funded projects may be funded from this reserve.

Gravel Pit Stripping/Reclamation - Used to fund the future costs of testing and stripping new gravel pits to expose useful material and reclaiming old gravel pits to a useful condition. As gravel pit operators it is the municipalities obligation to strip and stockpile the topsoil on new gravel deposits being mined and then reclaim the property to a useful condition once the deposits are mined out.

Mill Rate Stabilization – used to offset the effect of future assessment base decreases or unexpected expenditures on the current year’s tax revenue. This reserve may also be used to balance annual budgets so that so that a deficit budget is not adopted. It is expected funds drawn from this reserve will be replaced as soon as possible – preferably the next operating year.

Dam Repairs – Used to fund future testing, repair, upgrading or decommissioning of municipally owned dams.

Public Works Equipment Repairs – Used to fund the annual cost of public works large equipment repairs exceeding any years budgeted allocation. The cost of large equipment repair can vary greatly from one year to the next. Use of this reserve stabilizes the cost of equipment repair from year to year.

Interim Operating Funds – Used to have interim operating funds set aside to cover municipal expenses incurred from January 1st through April 30th each year. The majority of municipal revenue is collected from tax bills which are issued May 1st of each year. All other reserves could be used in full and the municipality would still have the funds available to continue operations until tax revenue was received.

Special Functions – Used so that funds can be set aside that have a specific application or project. The intention is for the funds to be in this reserve on a short term basis. Items being carried forward from one year to the next would be allocated to this fund.

Emergency Services – Used to offset future Emergency Services operating deficits. Emergency Services agreement states the partners (Town and M.D.) are jointly responsible for any operating deficits incurred.

Administration Building and Equipment – Used to fund future Administration capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. By making an annual allocation the year to year operating cost of capital equipment replacement is stabilized.

Emergency Services Buildings and Equipment – Used to fund future Emergency Services capital requirements. At the present time Emergency Services is responsible to fund the replacement of equipment located at the Pincher Creek fire hall and the municipality funds the replacement of equipment and fire halls in the municipality (Beaver Mines and Lundbreck).

Public Works Buildings and Equipment – Used to fund future Public Works capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. By making an annual allocation the year to year operating cost of capital equipment replacement is stabilized.

Lundbreck Water/Sewer System – Used to fund future Public Works capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. By making an annual allocation the year to year operating cost of capital equipment replacement is stabilized.

Agricultural Service Board Equipment – Used to fund future Agricultural Service Board capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. By making an annual allocation the year to year operating cost of capital replacements is stabilized.

Cultural/Recreation Facilities – Used to fund future cultural/recreation capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. By making an annual allocation the year to year operating cost of capital replacements is stabilized.

Recycle Committee Equipment – Used to fund future recycle depot capital requirements. A reserve is used because the capital requirements can vary drastically from year to year. The joint agreement with the Town of Pincher Creek and the Village of Cowley directs that the M.D. as the managing authority will be responsible for the reserve.

Recycle Depot Equipment – Used to fund the M.D.’s portion of future recycle depot capital requirements. A reserve is used because the capital requirements can vary drastically from year to year.