Council approves the Municipality of Central Elgin's budget on an annual basis. The annual budgets for the Municipality set out the projected revenue and expenditures for tax and user fee supported services including police, fire, water, wastewater, roads, parks, recreation, waste management, street lighting, and land use planning. Budgets are approved annually by Council.

Members of the public are encouraged to get involved in the budget process by:

What is a Capital Budget and Forecast?

The Capital Budget allows us to plan for upcoming years. The Capital Budget consists of larger investments that help us prepare for our community's future growth.

Examples of capital expenses may include:

  • Infrastructure development, building and construction projects (i.e. building new roads, sidewalks multi-use paths, bike lanes and bridges)
  • Park and greenspace improvements
  • Fleet expansion and maintenance (i.e. purchasing new fire trucks and snow plows)

We use a number of funding sources to carry out capital projects, although property tax funding is the most common. Existing infrastructure like roads, bridges, sidewalks, storm sewers, water mains, and recreational facilities continue to age and require capital spending for renewal and replacement.

What is an Operating Budget?

The operating budget provides funds for the day to day operations of the municipality including:

  • Fire and Emergency Services
  • Municipal Facilities
  • Recreation Programs
  • Road Maintenance
  • Waste Collection
  • Debt payments and transfers to reserves

2022 Budget

The Municipality budget totals $31.4 million:

  • $25 million in operating expenses
  • $6.4 million in capital expenditures

Reports

  1. Budget Introduction
  2. Operating Budget
  3. Capital Budget
  4. Consolidated Debt
  5. Budget Reserve Balances and Projects
  6. Performance Measures
  7. Glossary & Abbreviations
  8. Budget Presentation

Budget Deliberations

 

Date

Phase

Reference

November 6, 2021

2022 Budget Discussions Begin

 

December 6, 2021

Budget Consolidation

Agenda & Video

January 10, 2022

Budget Adopted

Agenda & Video

January 10, 2022

Budget Concluded

 

Past Year Budgets

2021

2021 Budget Report

2021 Water Wastewater Budget Report

2020

Operating and Capital Services

2019

Operating and Capital Services

Beach Services

Corporate Services

Environmental and Health Services

General Government Services

Fire Services

Parks and Recreation Services

Physical Services

Wastewater Services

Water Services

2018

Operating and Capital Services

 

Financial Statements

The consolidated financial statements reflect the assets, liabilities, revenues and expenses of the Municipality of Central Elgin.

The Municipal Act, 2001 requires that every municipality in Ontario prepare annual audited financial statements. For more details about requirements and understanding financial statements, please visit the Ministry of Municipal Affairs and Housing.

2020 Financial Statement

View the 2020 Financial Statement. The report includes the following sections:

Introduction

  • Management's Responsibility for Financial Reporting
  • Independent Auditors' Report
  • Financial Position Statement

Financial Reports

  • Operations and Accumulated Surplus
  • Change in Net Financial Debt
  • Statement of Cash Flows
  • Note to Financial Statements
  • Schedule of Segment Disclosure

Past Reports

Review the past financial reports for the Municipality of Central Elgin:

2020 Financial Report

2019 Financial Report 

2018 Financial Report 

2017 Financial Report 

2016 Financial Report 

User Fees

User fees help the Municipality keep the cost of property taxes down by making sure that services which only a few people choose to use are not paid for by everyone. Please visit the User Fee page for more detailed information on the present and past year fees.

Asset Management

Central Elgin's Asset Management Plan outlines the Municipality's asset management practices, state of the infrastructure, levels of service, and life cycle and funding plans.