Municipal Budget

Budget Information

Each year, the approved budget details how money will be spent to address ongoing challenges and provide essential services to residents in conjunction with Council's strategic priorities and vision. Revenue is driven by municipal grants, and property taxes which are paid annually and help balance the budget. It’s determined by council how this money will be spent to better the community. The budget is broken up into two pieces, operating and capital. The operating budget covers day to day expenses and employee salaries, as well as resources and utilities needed for daily operation. The capital budget accounts for developing and maintaining infrastructure and facilities across Town. Municipal services are what matters to most citizens. Learn how the Town of Strathmore invests your tax dollars and learn about the Town Services available to you.

Budget Process

The Municipal Government Act states that a Municipal Council is to pass a budget for each year. The budget process for the Town of Strathmore is for administration to bring operational plans and capital projects to work shop in the fall of each year. Council provides direction and priorities to administration for the financial planning for the future. A three year operating and capital financial plan is presented to Council. From this financial plan a one year budget is adopted and approved by council. The 2018 budget was approved by Council December 20, 2017.

Financial Reporting

Section 280 of the Municipal Government Act states that “Each council must appoint one or more auditors for the municipality”. Further, the Act requires the auditor to report to council on the annual financial statements.  These financial statements are the responsibility of the municipal administration. The auditor’s responsibility is to express an opinion on the annual financial statements based on their audit. The Independent Auditors Report is on page one following the table of contents.