Budget and Finance

The Operating Budget refers to the funds allocated for the day-to-day running of the Township. It covers all ongoing expenses needed to provide services to the community, such as:

• Salaries and wages of employees

• Utility costs, like water, electricity, and heating

• Maintenance and repairs for public facilities

• Supplies for services (e.g., office supplies, materials for public works)

The operating budget helps maintain regular, essential services and activities without requiring additional, large-scale investment. It’s typically reviewed and adjusted annually.

The Capital Budget is for long-term investments and projects that have a useful life beyond a single year. This budget is used for the construction, purchase, or renovation of major infrastructure and assets, such as:

• Building new facilities (e.g., parks, libraries, community centers)

• Road construction or repairs

• Purchasing major equipment (e.g., fire trucks, road maintenance vehicles)

• Upgrades to existing infrastructure

Capital expenditures usually involve large amounts of money and are spread over multiple years. These projects typically require financing through debt or funding from reserves.

Reserves are funds set aside for specific future needs or emergencies. They act as a financial safety net or long-term savings and can be used for:

• Emergency situations, such as natural disasters or unexpected repairs

• Future capital projects, like infrastructure upgrades

• Contingencies, to cover unexpected costs in the operating or capital budgets

Reserves help ensure the Township can respond to unforeseen circumstances without disrupting essential services or going into debt. The use of reserves is carefully planned and monitored.

Municipal Price Index

• MPI - Municipal Price Index
• MPI - Preliminary Budget

Operating Budget

• Operating Budget (Preliminary)
• Operating Budget (First Draft)

Capital Budget

• Capital Budget (First Draft)
• Updated Budget Summary (March 24th)
• Schedule A: By-law 25-19 (Budget & Tax Rates)
• 2025 Tax Rate By-law (Unsigned)

• 2023 Tax Rate By-law
• 2024 Tax Rate By-law

2023

• Budget Package (Agenda item 6.1)
• Report F-23-09: Budget 2023 (Agenda item 6.6)
• Report F-23-02: 2023 Budget 1st Draft – Combined.  (Agenda item 4.1)
• Report F-23-01: 2023 Budget 1st Draft – Operating (Agenda item 6.3)
• Report F-22-15: Council Directive for 2023 Budget Process (Agenda item 6.3)

Visit the Asset Management page for more details.

• 2023
• 2022
• 2021
• 2020
• 2019

Past Financial Information Returns for Elizabethtown-Kitley and all municipalities in the Province are available at: https://efis.fma.csc.gov.on.ca/fir/

• 2023 Statement
• Report