Budget and Financial Information

Finance Page Image
For Questions Contact:
Johnny Pereira |
Job Title
Treasurer
Email
jpereira [at] adelaidemetcalfe.on.ca
| ext.
Extension
8205

Every time your street is plowed, your garbage or recycling bin is collected, or you visit Kerwood Park, you are witnessing your tax dollars at work. Municipal budget decisions set the funding for important infrastructure, programs, services, and facilities we depend on to maintain our quality of life.

Asset Management

An Asset Management Plan enables informed decisions regarding the building, operating, maintaining, renewing, replacing and disposing of infrastructure assets. It is structured to including the following important elements:

elements of an asset management plan: state of local infrastructure, desired levels of service, asset management strategy, and financing strategy

Council approved the municipality’s asset management plan which consolidated the municipality's existing asset management.

On December 13, 2017, the province approved a municipal asset management planning regulation under the Infrastructure for Jobs and Prosperity Act, 2015, with a six year phase-in period for implementation. In accordance with regulation, we finalized our Strategic Asset Management Policy in 2019 and updated our Asset Management Plan to include all municipal infrastructure assets in 2022.

About Municipal Budgeting

A municipal budget is a policy and planning document that outlines our municipality's priorities, and is a balancing act between often competing priorities - what can we afford and providing a high level of services to citizens.

Every year, municipal staff put forward a preliminary budget and then the Mayor and Council, with input from Adelaide Metcalfe residents and businesses, make choices about municipal services and programs. It is an ongoing process as each year budgets are drafted, revised, reported, presented, approved, adopted, and monitored. Your annual budget is made up of three parts:

  1. The operating budget provides the necessary resources to deliver programs, services and facilities services to meet the needs of our community, and accommodates for inflationary pressures.  The operating budget is funded primarily through property taxes and user fees. 
  2. The capital budget provides for the infrastructure requirements of the municipality as identified in our Asset Management Plan. The capital budget is funded through property taxes, reserves, debt and grants.  The capital budget is used to either build or rehabilitate assets that will last for more than one year.
  3. Reserves and reserve funds receive annual contributions from the operating budget to assist with creating a solid financial position to support the municipality’s future cash requirements.  Maintaining sufficient balances in reserves and reserve funds is a critical component of a municipality’s long-term financial plan as it strengthens its long-term financial sustainability, helps to minimize fluctuations in the tax rate and provides funding to sustain infrastructure.
Developing the 2023 Budget

*Coming Soon*

 

2022 Budget

Council approved the 2022 municipal budget at their March 21, 2022 meeting.

2022 Capital Projects 

See the table below to find information about current capital projects in the Township

Department Project Status Comments/Notes
Public Works Sidewalks (Second St. to Butter Creek) Active Budget change due to County Engineers review. Constructing sidewalk from Strathroy-Caradoc boundary to the last house before the ditch, as indicated in the Council report. Tendered and awarded. Construction to begin mid-October
Public Works Tandem Snow Plow Active Tender slightly delayed, to be released in the fall
Public Works Mobile Speed Sign (x2) Active Purchased and delivered. In use. Mobile trailers currently being built by staff (x2)
Fire SCBA (Apparatus & Cylinders) Active Project deferred to 2023 budget, repaired current units
Fire Gear (Turnout and Helmets) Active Ordered in July, awaiting delivery (November/December)
Fire Hose (Various size and lengths) Active Delivered and invoiced
Parks Lawn Tractor Complete Purchased and delivered. Currently in use
Parks Kerwood Park: Phase 1 Improvements (carryforward) Complete Complete and currently in used. Experiences overage due to multiple change orders and the resulting engineering costs. 
Parks Kerwood Park: Phase 2 Improvements (includes: Electronic Signage, Keypad & lock Automation and Dugout Structure) Active/Multi-Year Tender was published and awarded in August. Construction to begin in early October, with an estimated completion date in the spring of 2023
Parks Kerwood Park: Outdoor Ice Rink Active Purchased in September and to be installed in October/November
Administration Folding Machine Complete Purchased and Installed. In use
Administration Keystone Upgrade (Financial System) Complete Purchased and Installed. In use

Updated: October 3, 2022

Financial Reports

Financial statements for the Township of Adelaide Metcalfe are compiled and audited annually according to Public Sector Accounting Board standards. Statistics are compiled according to the provincially mandated Performance Measures Program. The purpose of this program is to provide alternative measures from financial results to stakeholders.

For more information, we encourage you to read these financial documents:

 

 

The documents presented above will be made available in alternative formats if required.