It makes sense that the majority of our revenue goes back into operating our business. We provide highly specialized services to the communities we serve and pride ourselves on ensuring it is of high quality and value.
To ensure we are providing trusted quality, valued service and peace of mind, we hire highly qualified operators and professionals.
Our rapidly expanding region means there is pressure to expand all types of infrastructure. We rely on a combination of savings, debt, infrastructure charges, grants and shareholder contributions to fund capital projects.
Learn more about how we pay for growth in this article.
This is the money we pay back to our municipal shareholders. Each of our shareholders invested their water and wastewater infrastructure assets into Aquatera upon formation of the company, receiving preferred shares for the value of their investment.
These shares receive a mandatory annual dividend of five per cent on the value of their contributions.
In addition, ten per cent of water, sewer and solid waste revenue is collected as franchise fees and goes directly to our shareholders.
This is the interest cost of debts, less the interest earned on investments.
Excess cash at the end of the year is allocated based on our Cash Management Policy.