2025 Business Plan and Budget
The Business Plan and Budget are guided by the Town's Strategic Plan.
Multi Year - Council develops the Strategic Plan to guide the direction of the corporation for the 2022-2026 term of Council. It provides overall direction to guide decisions, projects, and initiatives undertaken during the term.
Annually - Staff will integrate the strategic priorities into the Annual Business Plans and Budgets. This annual review will ensure that work plans remain in alignment with Council’s strategic priorities.
Weekly/Daily - Departmental and individual work plans define the specific steps that staff will take to advance strategic objectives and measure progress while ensuring efficient and effective use of resources.
2025 Business Plan and Budget
The 2025 Business Plan and Budget contains four main components. Components 1 through 3 represent the budget to support Town operations. These budgets are for the recurring expenditures or revenues that the Town can anticipate each year. These include items such as salaries and benefits, materials and supplies, and fees and charges. Component 4 contains the budget details for the one-time or project specific expenditures.Component 1 - Tax Supported Budget
The Tax Supported budget represents the component of the Town operations that is primarily funded through property taxes. Although some of the services are offset by fees and charges, there is an element of taxation revenue required to support each of these departments.
Component 2 - Development and Fee Supported Budget
The Development and Fee Supported budget represents the component of the Town Operations that is supported by fees for service (no tax support). There are five service areas that are included in this budget: Building, Planning, Development Engineering, Park Development, and Fill Operations. Each of these service areas has approved fees or charges that are intended to fully recover the cost of providing the service.
Component 3 - Water and Wastewater Budget
The Water and Wastewater budget represents the component of the Town operations that are supported by fees for service (no tax support). The Town charges water and wastewater fees to property owners based on water used. The annual fees are intended to ensure that there is full cost recovery to the Town for providing safe drinking water and maintaining the water and sewer infrastructure.
Component 4 - Capital Program Budget
The capital budget primarily represents projects or initiatives that are one-time or time specific in nature. The budget may include projects such as the construction of new sidewalks, facilities or sport courts. This project also includes the Town's annual repair and replacement program for maintaining the Town's assets. Although the annual repair and replacement program is required each year, the individual projects and related amounts of funding will vary annually depending on the program requirements in that year. The annual repair and replacement program may include road resurfacing, sidewalk maintenance, or computer replacement.
Appendix
Contains a glossary outlining operating expenditure and revenue categories used for budgeting purposes.
Supplemental Information
Additional information to support the budget includes new staffing details, the community initiatives budget, a summary of open capital projects, a 10-year capital budget forecast, uncommitted reserve continuity, and responses from the public budget survey.
Budget Deliberations and Upcoming Meetings
Members of the public are invited to attend budget deliberations and meetings in-person at Council Chambers or virtually via the Town's YouTube Channel. All members of the public are welcome to provide input at meetings.
Watch budget deliberations live
| Status | Meeting | Reports and Presentations |
|---|---|---|
| Complete | September 4 at 10 a.m. Preliminary overview of the draft 2025 Business Plan |
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| Complete | September 24 at 2 p.m. 2025 Budget Directions Report |
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| Complete |
October 22 at 2 p.m. |
|
| Complete | November 18 at 9 a.m. 2025 Business Plan and Budget Deliberation |
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| Complete | November 20 at 9 a.m. 2025 Business Plan and Budget Deliberation |
|
| Upcoming | November 27 at 9 a.m. 2025 Business Plan and Budget Deliberation |
Where does my tax dollar go?
The below infographic shows the breakdown (by department) of where your tax dollar goes. To learn more about the function of each department, please visit the Town Administration page.
*based on 2024 Budget.
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