The Operating Budget is a detailed estimate of expenditures needed for services such as road repair, water and waste water provision, park maintenance, recreational programming, etc. Expenditures are partially off-set by revenues such as user fees, franchise fees, and rentals.
The Capital Budget compliments the Operations Budget by providing cost estimates for projects which increase the physical (tangible) assets of the Town that are used to provide services and programs; for example buildings, machinery, roads. The greatest percentages of these projects are funded by grants and reserves.
Finally the budget process determines what funds will be placed in the Town’s reserves for future use. Reserves are used to fund unexpected expenses (contingency reserves) or to save over time for major capital projects (capital reserves) such as replacing roads or significant building upgrades.
|TOWN OF NANTON BUDGET 2017|
|Operating Expenditures|| $ 4,135,890
|Operating Revenue|| -$1,897,080
|Capital Expenditure|| $3,765,380
|Grants, Debentures & Transfer from Reserves|| -$3,715,380
|Transfer to Reserves|| $353,900
|Debt Repayment by Taxation - Principle|| $55,960
|NET FUNDS REQUIRED FOR MUNICIPAL OPERATIONS|| $2,698.670
|Legislative Services (Council)||$161,760|
|Protective Services (Fire & Bylaw)||$213,970|
|Planning & Development||$187,010|
|Marketing & Communications||$145,720|
|Parks & Recreation||$724,370|
|Culture, FCSS, Public Health||$156,620|