Town of Niagara-on-the-Lake 2022 Budget

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The Town of Niagara-on-the-Lake’s annual budget covers a wide range of services that support Town operations and deliver programs and services required to maintain the high quality of life enjoyed in our community. The Town’s budget is made up of both the operating and capital budgets that are designed to address programs, services, asset management, infrastructure, council objectives, and more. Town staff prepares the budgets and Council approves them.

Operating Budget
The operating budget provides funding for the day-to-day operations of the Town. It is the operating budget, as approved by Council, that sets the tax rates. Examples of operating budget items include:

  • Recreation Programs
  • Parks
  • Fire services
  • Planning and development
  • Administrative Services

Capital Budget
The capital budget to large-scale investments in tangible amenities, facilities and infrastructure. The Capital Budget is funded from tax revenues, reserves, development charges, debentures and grants. Examples of Capital Budget items include:

  • Roads resurfacing and replacement
  • Major upgrades or renewal of facilities
  • Construction of parks and amenities

Balancing the Budget

Provincial law requires the Town to balance its budget each year, which means the money coming in equals the money going out. To balance the budget, the Town can increase its revenues through property taxes or user fees, or through changing or reducing the cost of services. Municipalities also have the opportunity to borrow money at competitive rates.

Municipalities were hit particularly hard in 2020 as they managed service continuity for essential services and infrastructure during COVID-19. While financial pressures for municipalities in 2020 were somewhat alleviated through the historic Safe Restart Agreement and Social Services Relief Fund, it is anticipated that health risks will continue to remain for some time and economic activity is not expected to return pre-COVID-19 levels until at least 2022.

Audit & Finance Committee

The Audit & Finance Committee is an advisory committee of Council. The Committee assists Council in providing effective municipal government by overseeing the administrative systems regarding financial accounting, reporting, internal controls, safeguarding of corporate assets, compliance with legal, ethical, and regulatory requirements and the efficient and effective use of resources. The Committee reviews quarterly actual financial performance and reviews and recommends changes to the Town's Annual Budget Process.

Audit Committee deliberations are supported by Staff, including the CAO, Treasurer and Director of Corporate Services and other appropriate Staff as required.

Upcoming Audit & Finance Committee meetings are as follows:

  • Friday, October 22
  • Friday, November 5
  • Friday, November 19
  • Friday, December 3

All Audit & Finance Committee Meetings are available for viewing online. Click here to access these recordings.

Questica - A New Budgeting Solution

The Town has recently introduced a new comprehensive, cloud-based budgeting solution called Questica. Questica enables data-driven budgeting and decision-making while increasing data accuracy, saving time and improving transparency. Benefits to residents include, but are not limited to, improved budget communications, engagement, responsiveness, and Staff accountability and transparency. Please see the FAQs for more information about Questica.

The Town of Niagara-on-the-Lake’s annual budget covers a wide range of services that support Town operations and deliver programs and services required to maintain the high quality of life enjoyed in our community. The Town’s budget is made up of both the operating and capital budgets that are designed to address programs, services, asset management, infrastructure, council objectives, and more. Town staff prepares the budgets and Council approves them.

Operating Budget
The operating budget provides funding for the day-to-day operations of the Town. It is the operating budget, as approved by Council, that sets the tax rates. Examples of operating budget items include:

  • Recreation Programs
  • Parks
  • Fire services
  • Planning and development
  • Administrative Services

Capital Budget
The capital budget to large-scale investments in tangible amenities, facilities and infrastructure. The Capital Budget is funded from tax revenues, reserves, development charges, debentures and grants. Examples of Capital Budget items include:

  • Roads resurfacing and replacement
  • Major upgrades or renewal of facilities
  • Construction of parks and amenities

Balancing the Budget

Provincial law requires the Town to balance its budget each year, which means the money coming in equals the money going out. To balance the budget, the Town can increase its revenues through property taxes or user fees, or through changing or reducing the cost of services. Municipalities also have the opportunity to borrow money at competitive rates.

Municipalities were hit particularly hard in 2020 as they managed service continuity for essential services and infrastructure during COVID-19. While financial pressures for municipalities in 2020 were somewhat alleviated through the historic Safe Restart Agreement and Social Services Relief Fund, it is anticipated that health risks will continue to remain for some time and economic activity is not expected to return pre-COVID-19 levels until at least 2022.

Audit & Finance Committee

The Audit & Finance Committee is an advisory committee of Council. The Committee assists Council in providing effective municipal government by overseeing the administrative systems regarding financial accounting, reporting, internal controls, safeguarding of corporate assets, compliance with legal, ethical, and regulatory requirements and the efficient and effective use of resources. The Committee reviews quarterly actual financial performance and reviews and recommends changes to the Town's Annual Budget Process.

Audit Committee deliberations are supported by Staff, including the CAO, Treasurer and Director of Corporate Services and other appropriate Staff as required.

Upcoming Audit & Finance Committee meetings are as follows:

  • Friday, October 22
  • Friday, November 5
  • Friday, November 19
  • Friday, December 3

All Audit & Finance Committee Meetings are available for viewing online. Click here to access these recordings.

Questica - A New Budgeting Solution

The Town has recently introduced a new comprehensive, cloud-based budgeting solution called Questica. Questica enables data-driven budgeting and decision-making while increasing data accuracy, saving time and improving transparency. Benefits to residents include, but are not limited to, improved budget communications, engagement, responsiveness, and Staff accountability and transparency. Please see the FAQs for more information about Questica.

Have a Question?

Have a question about Niagara-on-the-Lake’s budget process? Please feel free to ask and Staff will be sure to respond within three (3) business days?

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Page last updated: 08 November 2021, 08:32