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:

  • Service Levels
  • Affordability
  • Sustainability 

Budget process

Budget planning is a continuous process that occurs within the context of the long-term planning the Town undertakes. Inputs for the annual budget preparation include Council priorities, collected data (such as feedback from formal surveys, public meetings, consultation for master plans), financial studies, and the lifecycle of assets. Council receives financial reports about the budget throughout the year.

Preparation of the annual budget begins in the summer:

  • July to December – public input, data collection and community priorities
  • September – Budget Call Report
  • November – Upcoming year's budget available and budget workshop
  • December – Budget meeting