Note: 75 year life for building

Comments on the cash flow graph

Long term funding for these assets present a significant challenge. This is due to their relatively long life expectancy and the resulting need for replacement of the building itself as opposed to the components. This can be seen in the graphs above where there is a huge spike in the funding need and is reflects replacement costs for the building. The County is in the middle of an assessment that would provide the data to decide whether it would be more economical to maintain/replace the existing building or move to a new facility. A long term view is therefore critical to ensure funds are allocated on an annual basis so that the financial requirements are manageable.

ASSUMPTIONS & CONFIDENCE LEVEL

Short term plans

Under the MOHLTC’s Renewal Strategy, long term care beds built prior to 1998 must undergo renovation or renewal. All long term care homes with beds classified as B & C, such as the Golden Plough Lodge, must be redeveloped by 2025 in cooperation and coordination with the LHIN and