Each year the municipal budget is presented to, debated, and approved by Council. Each department presents their proposed capital budget to Council via Budget workshops.
We welcome public input on the municipal budget. When the annual Budget Survey becomes available, residents can share their opinions of budget priorities online, via email, via paper format (forms available for pickup at the County Office), or in person at our Budget Open House.
The municipal budget determines spending priorities and service delivery for residents.
The municipality operates on a 12-month fiscal cycle, from January 1st to December 31st. Under the Municipal Government Act (MGA), Council must adopt an operating and a capital budget each year:
The Operating Budget deals with the annual cost of delivering services, and includes wages, materials and supplies, office and work space costs, etc. The Operating Budget also includes amounts to be transferred each year to support capital budget investments. The municipality’s operating budget is fully balanced.
The Capital Budget deals with significant investments that have long term value to the municipality, including buildings, roads, bridges, recreation centresand other infrastructure. The Capital Budget is financed through a mixture of debt, cost sharing, reserve withdrawals and transfers from the operating budget.