Budget

Every year each municipality is required by legislation to prepare and adopt a multi-year budget. The Town of Nanton budget has three components:

  • Operating Budget

    - is a detailed estimate of expenditures needed for services such as road repair, water and wastewater, parks maintenance, recreational programming, etc.  Expenditures are partially offset by revenues such as utility billing, facility rentals and other things (fines, licensing, interest, etc.).

  • Capital Budget

    - works alongside the Operations Budget. This budget is used to ensure physical assets (buildings, machinery, roads) are available to support the provision of services and programs. A majority of these projects are funded by grants and reserves.  

  • Allocations to Reserves

      - these funds are used to save over time for major capital projects (classified as capital reserves) such as replacing roads or significant building upgrades. Also used for unexpected expenses (classified as contingency reserves). 
UPDATE COMING SOON

 (Operations Budget + Capital Budget + Allocations to Reserves) - Other Revenues = Taxes Required for Municipality
 


TOWN OF NANTON BUDGET 2018  
 Operating Expenditures  $4,432,520
           Operating Revenue  $-2,053,940
 Capital Expenditure  $1,656,500
 Grants, Deibenures (Loans), & Transfer from Reserves $-1,556,500
 Transfer to Reserves  $407,950
 Debt Repayment by Taxation - Principle $0.00
 NET FUNDS REQUIRED FOR MUNICIPAL OPERATIONS $2,886,530
 for School Fund $828,510
 for Senior's Foundation $105,932
TOTAL FUNDS REQUiRED FROM TAXATION $3,820,972

2018 Budget

 

by Department

Each department is responsible for their budget.

Where the money goes

2018 Budget Highlights

Projects

  • Continue with valve and hydrant replacement throughout the Town
  • Further upgrades to improve the water treatment plant
  • New ventilation and dehumidification to the THRC arena
  • Creation of public parking lot in the downtown core
  • Public toilets on the northbound highway by the Visitor Information Centre
  • Repair Centennial Park pathway
  • Implementation of an employee safety program
  • Finalization of the new Municipal Development Plan, creating a blueprint for the future
  • Intermunicipal Collaboration Framework (ICF) - sharing services with neighbouring communities and the MD of Willow Creek
  • New lighting for the library
  • New stairs and filter system at the THRC's pool
  • New light pole banners on the highways