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2016 Budget

The 2016 Budget & Business Plan was approved by Council on January 20, 2016. Read the press release to learn more.

2016 Budget & Business Plan Proposed Timelines

Action Item Date
Budget Directions (staff report) June 22, 2015 
Draft Six Year Capital Plan - Workshop November 16, 2015 - 10:00 a.m. - 5:00 p.m.
Draft 2016 Operating Budget - Workshop November 18, 2015 - 10:00 a.m. - 5:00 p.m. 
Draft Budget Workshop December 7, 2015 - 4:30 p.m.
Budget Tabled December 14, 2015 - 6:30 p.m.
2016 Capital Budget (Amended January 14, 2016) January 6, 2016 - 6:30 p.m.
Final Adoption - 2016 Budget Presentation January 20, 2016 - 6:30 p.m. 


Video

 Submit your questions and feedback via email to budget@springwater.ca





2016 Budget & Business Plan Workshop

Draft Operating Budget Overview Presentation
Draft Six Year Capital Plan & 2016 Capital Budget Overview Presentation


2016 Budget & Business Plan

As per section 290(1) of the Municipal Act, 2001, “for each year, a local municipality shall, in the year or the immediately preceding year, prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality, including, 

amounts sufficient to pay all debts of the municipality falling due within the year; 
amounts required to be raised for sinking funds or retirement funds; and
amounts required for any board, commission or other body."

Township Council is thus required to approve a balanced budget each fiscal year that must be finalized and approved prior to final property tax bills being issued.

The operating budget includes annual expenditures for personnel costs, materials and supplies, contracted services, minor capital, debt charges, reserve transfers and program fees.

The Township’s capital budget includes expenditures and financing sources to acquire, construct, maintain and facilitate Township capital assets such as: roads, bridges/structures, water distribution and wastewater collection systems, recreational facilities and administrative facilities. 

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