Business Plans and Budgets
Business Plans
Individual departments are governed by the Corporate Business Plan.
The Budget Process
The departmental budgets are developed to support the corporate business plan and the levels of service as directed by Council.
An annual budget calendar is prepared to provide administrative timelines.
Long Term Capital
The preparation of the Long Term capital plan for budget begins in April and is finalized in late June. A rolling 10-year capital plan is reviewed and updated annually. With the first year incorporated into the Annual Capital Budget. It is expected that all master plans are reviewed and related capital needs resourced in the 10-year plan. Detailed capital request justifications are prepared for all projects for the first budget year. The Town has a number of master planning documents that have been developed, and these are routinely taken into consideration in the Long Term Capital planning budget process. These include the Municipal Development, the Emergency Services, the Recreation Plan, the Parks and the I.T.
Operating
The one-year operating budget is prepared at the departmental level in starting in July thru to September, driven by the business plan goals and departmental initiatives. It is reviewed by the department’s director, and modified as necessary. Each department’s coordinator or manager presents his/her business plan and accompanying budget to their department’s director. The CAO as well as the department director’s review the entire Town budget and determine any necessary changes. A first draft is presented to Council in November, where it is again reviewed and modified if necessary. (In June a request is made for input from the public regarding budgetary requests for the coming year.) The CAO and Director’s for Finance, Public Works and Community and Protective Services make final recommendations then go forward to Council, and the final budget is adopted in December.
Business Plans and Budgets
Business Plans
Individual departments are governed by the Corporate Business Plan.
The Budget Process
The departmental budgets are developed to support the corporate business plan and the levels of service as directed by Council.
An annual budget calendar is prepared to provide administrative timelines.
Long Term Capital
The preparation of the Long Term capital plan for budget begins in April and is finalized in late June. A rolling 10-year capital plan is reviewed and updated annually. With the first year incorporated into the Annual Capital Budget. It is expected that all master plans are reviewed and related capital needs resourced in the 10-year plan. Detailed capital request justifications are prepared for all projects for the first budget year. The Town has a number of master planning documents that have been developed, and these are routinely taken into consideration in the Long Term Capital planning budget process. These include the Municipal Development, the Emergency Services, the Recreation Plan, the Parks and the I.T.
Operating
The one-year operating budget is prepared at the departmental level in starting in July thru to September, driven by the business plan goals and departmental initiatives. It is reviewed by the department’s director, and modified as necessary. Each department’s coordinator or manager presents his/her business plan and accompanying budget to their department’s director. The CAO as well as the department director’s review the entire Town budget and determine any necessary changes. A first draft is presented to Council in November, where it is again reviewed and modified if necessary. (In June a request is made for input from the public regarding budgetary requests for the coming year.) The CAO and Director’s for Finance, Public Works and Community and Protective Services make final recommendations then go forward to Council, and the final budget is adopted in December.