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 2019  
 Operating Expenditures  $4,743,157
           Operating Revenue  $-2,165.971
 Capital Expenditure  $1,753,000
 Grants, Deibenures (Loans), & Transfer from Reserves $-1,626,000
 Transfer to Reserves  $177,900
 Debt Repayment by Taxation - Principle $33,314
 NET FUNDS REQUIRED FOR MUNICIPAL OPERATIONS $2,915,400
 for School Fund $888,242
 for Senior's Foundation $111,907
TOTAL FUNDS REQUiRED FROM TAXATION $3,915,549

2019 Budget

 

by Department

Each department is responsible for their budget.

Expenditure by Dept 2018