2018 Budget Planning
What are the benefits of Budget Planning?
Budgets are an important guide that dictates spending and planning for the coming year.
- Legislated/Mandated: We need to do it – other funding available
- Growth/Strategic: Required to support growth or accomplish strategic projects – DC’s, grants, partnerships, etc.
- Service Delivery: How we deliver services, efficiencies, prioritization of work, scheduling
The 2018 Budget planning process was guided by four themes:
Accountability and Transparency - As a municipality, the Town must adopt and maintain generally accepted practices and procedures to best ensure accountability and transparency to the public. Clear guidelines provide staff and taxpayers an understanding of how and why decisions are made, building trust in the organization. Ensuring Council’s decisions and Town business is communicated effectively enhances the organizations ability to engage residents.
Financial Sustainability - The Town, like many other municipalities in Ontario, is faced with a number of issues including aging infrastructure, growth, inflationary pressures, and limited funding sources. In addition, uncertainty exists around external sources of funding, i.e. government grants and environmental regulatory changes. The Town must consider the various funding sources available such as tax levy, user fees, reserves, and debt and how the management of these affect the long-term financial sustainability of the Town.
Infrastructure Sustainability - Recognizing that there are only a limited number of funding sources, the Town must take a proactive approach to asset management by introducing innovative methods to enable the repair and replacement of existing infrastructure.
Continued Focus on Service Delivery - Another objective of the budget process will be to make sure we can meet the public’s service delivery expectations while also trying to manage the long-term impact of the budget and financial well-being of the community.
2018 Budget Planning & Presentations
Introduction to Capital Budget (Oct. 30, 2017)
Capital and Introduction to Operating (Nov. 8, 2017)
Operating Budget (Nov. 15, 2017)
Operating Budget cont'd (Nov. 21, 2017)
Final Budget Deliberations (Dec. 12, 2017)
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