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Budgets and Business Plans

Current Budget

2020-2022 Budget and Business Plan

Annual Budget 

As per section 290(1) of the Municipal Act, 2001, “for each year, a local municipality shall, in the year or the immediately preceding year, prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality, including,

  • Amounts sufficient to pay all debts of the municipality falling due within the year;
  • Amounts required to be raised for sinking funds or retirement funds; and
  • Amounts required for any board, commission or other body.

Township Council is thus required to approve a balanced budget each fiscal year that must be finalized and approved prior to final property tax bills being issued.

The operating budget includes annual expenditures for personnel costs, materials and supplies, contracted services, minor capital, debt charges, reserve transfers and program fees.

The Township’s capital budget includes expenditures and financing sources to acquire, construct, maintain and facilitate Township capital assets such as: roads, bridges/structures, water distribution and wastewater collection systems, recreational facilities and administrative facilities.

Budget Process

The Township adopted a new budget process for 2011, which was aimed at providing decision makers, Members of Council, with more information (qualitative and quantitative) to ensure that an informed decision regarding the 2011 budget could be made. The diagram below illustrates the process that was followed in completing the 2011 budget.

Annual Budget Process Flowchart 

 

Previous Years Budgets

2019-2022 Budget and Business Plan 

 2019-02-25 - Presentation to Council DRAFT 2019-2022 Operating and Capital Budgets

 2019-03-18 - Presentation to Council DRAFT 2019-2022 Operating Budget Business Plans and 2019-2022 Capital Budgets