Budget

The annual budget focuses on the Township Vision Statement [link to vision web page] of Integrity, Teamwork, Continuous Improvement and Fiscal Responsibility

Annual Budget Process

The annual budget process begins each July. Department Managers, the Treasurer and Chief Administrative Officer complete fee reviews and draft operation and capital budgets.

All members of Township Council form the Budget Advisory Committee and meet from January until April.

Township Council reviews priorities and normally approves the Corporate Budget in April.

2016 Budget Package

Operating budget

The operating budget provides for the day-to-day expenses of the Township, such as salaries and materials.

Capital Budget

The capital budget is a multi-year financial plan that provides for the construction or acquisition of capital works. The capital budget Includes future financial resources required to finance capital projects and identifies the financial resources to be allocated from the operating budget to operate and maintain capital assets. The capital budget is prepared at the same time as the operating budget, and approved by the Township Council at the same time. This is to ensure that any contributions from the operating budget to the capital budget are coordinated and understood and that the effect on the ratepayer is seen. In addition, a capital asset may be slated for completion in mid-year and require an operating budget provision to pay for utility costs, staffing, and other operating costs.