Budget principles

Financial planning starts with the establishment of Council’s vision for the Town through a strategic planning process. The budget process provides an avenue to prioritize and balance the allocation of available resources.

Council aims to find balance between:

  • The requirement to deliver certain services
  • Service levels
  • Master plans
  • Asset management
  • Increased cost to deliver service
  • Sustainability and affordability

Budget process

Budget planning is a year-round process. There are a number of inputs into the annual budget preparation through established Council priorities, data collection (such as feedback through formal surveys, public meetings, consultation for master plans), financial studies, and the lifecycle of assets. Throughout the year Council is provided with financial reports on the budget.

Preparation of the annual budget begins in August:

  • July - December – public input, data collection and community priorities
  • September – budget direction by Council through the Budget Call Report to Council
  • October – management review of the budget
  • November – proposed budget workshop and deliberations
  • December – final review and anticipated approval by Council