Town of Cobalt
|A Total 2021 OMPF||$899,300|
|1. Assessment Equalization Grant Component||$440,700|
|2. Northern Communities Grant Component||$152,900|
|3. Rural Communities Grant Component||$83,600|
|4. Northern and Rural Fiscal Circumstances Grant Component||$188,300|
|5. Transitional Assistance||$33,800|
|B Key OMPF Data Inputs|
|2. Total Weighted Assessment per Household||$70,522|
|3. Rural and Small Community Measure (RSCM)||100.0%|
|4. Farm Area Measure (FAM)||n/a|
|5. Northern and Rural Municipal Fiscal Circumstances Index (MFCI)||10.0|
|6. 2021 Guaranteed Level of Support||100.0%|
|7. 2020 OMPF||$899,300|
A – Sum of 2021 OMPF grant components and Transitional Assistance, which are described in the 2021 OMPF Technical Guide. This document can be accessed on the Ministry of Finance's website at: https://www.fin.gov.on.ca/en/budget/ompf/2021
A5 – If applicable, reflects the amount of transitional support provided to assist the municipality in adjusting to year-over-year funding changes.
B1 – Based on the 2020 returned roll from the Municipal Property Assessment Corporation (MPAC).
B2 – Refers to the total assessment for a municipality weighted by the tax ratio for each class of property (including payments in lieu of property taxes retained by the municipality) divided by the total number of households.
B3 – Represents the proportion of a municipality's population residing in rural areas and/or small communities. For additional information, see the 2021 OMPF Technical Guide, Appendix A.
B4 – Represents the percentage of a municipality's land area comprised of farm land. Additional details regarding the calculation of the Farm Area Measure are provided in the 2021 OMPF Technical Guide, Appendix B.
B5 – Measures a municipality's fiscal circumstances relative to other northern and rural municipalities in the province, and ranges from 0 to 10. A lower MFCI corresponds to relatively positive fiscal circumstances, whereas a higher MFCI corresponds to more challenging fiscal circumstances. For additional information, see the 2021 OMPF Technical Guide, Appendix D.
B6 – Represents the guaranteed level of support the municipality will receive through the 2021 OMPF. For additional information, see the 2021 OMPF Technical Guide.
B7 – 2020 OMPF Allocation Notice (Line A).
Note: Grant components and Transitional Assistance are rounded up to multiples of $100.
Ontario Ministry of Finance
Provincial-Local Finance Division Issued: October 2020