2018 Budget Consultation
The Council of the Corporation of the Municipality of Bayham is seeking public input for Council consideration on the 2018 Municipal Capital and Operating Budgets.
The 2018 Budget Consultation portion of the website is constructed to provide relevant background information for those seeking to provide input on the budgets. The purpose of the consultation is to ensure Council is aware of public input, in an advisory nature, prior to the budgets being deliberated by Council. Public comment obtained during the consultation will be incorporated as an appendix within the Staff Budget Report to Council for Council consideration.
Notice of the Budget Consultation which runs from January 20 - August 31, 2017 will be posted on the Municipal website and posted on the Municipal Office and Library notice boards. Notice will also be posted in the summer newsletter in the mail out of August tax bills.
Public Consultation input may be submitted by utilizing the ‘ 2018 Budget Consultation Feedback Form ’, by email to email@example.com with the subject line ‘2018 Budget Consultation’ or in hard copy at the Municipal Office.
For additional information, which cannot be found within the consultation documents, please do not hesitate to contact the Municipal Treasurer:
Lorne James | C.P.A. | CA | Treasurer
Municipal Budget Overview:
Section 290(1) of the Municipal Act requires local municipalities in each year to prepare and adopt a budget. The Municipality currently prepares three budgets:
- Capital Budget,
- Operating Budget; and
- 10-Year Capital Plan
The purpose of preparing budgets is to allow Council to develop policy in financial terms and to assist in setting priorities and establishing service levels for the upcoming year before expenditures take place.
|2018 Budget Review Dates||Start Time|
|Budget Public Consultation||January 20, 2017 – August 31, 2017|
|2018 and 10 Year Capital Plan||Monday, October 2, 2017 (Special Meeting)
Tuesday, October 3, 2017 (Special Meeting)
|2018 Levy Supported Operating Budget||Tuesday, January 2, 2018 (Special Meeting)
Wednesday, January 3, 2018 (Special Meeting)
Thursday, January 4, 2018 (Budget Open House)
6:00 p.m. to 7:00 p.m.
Municipal Budgets, including the 2017 Operating Budget and 2017 Capital Budgets are available for review on the Municipal Website under ‘Budgets’
The information within the same demonstrates how funds have been allocated to municipal projects in both the Operating and Capital Budgets.
Reference to the ‘2016 Budget Information Sheet’ may also provide relevant consultation information.
The 2017 Budgets showcase, for forecasting purposes the 2018 Operating Budgets and the 2018-2026 Capital Budget. These forecasted budgets are subject to changes based on project criteria and decisions of Council, however the forecasted budgets gives the community a starting place for comments on the budgets.
Potential Base Budget Impacts:
Each year Council must consider impacts on the base budget. These budget drivers may include, but are not limited to:
- Annualization of previous years initiatives;
- General inflation;
- Foreign exchange fluctuations;
- Utility cost increases;
- Impact of fluctuating fuel costs and costs of petroleum based products;
- increased transfers to Reserves and Reserve Funds to fund capital programs based on 10 year capital budget from 2017;
- Provincial funding level changes, including the Ontario Municipal Partnership Fund (OMPF) Grant
Budget Information & Terminology
What exactly is a budget?
A planned itemized summary of money coming into the Municipality and how that money will be spent over a specified period of time. Watch this short video to learn more.
Did you know?
Provincial Government (Ontario) legislates that money coming into a municipality must equal money going out. This is also known as a balanced budget!
What is the difference between Capital & Operating Budgets?
- Pays for all the day to day activities of the Corporation;
- Regular maintenance activities prescribed by the manufacturer that would normally be required to ensure that the asset is able to provide service at a level and quality as originally intended (i.e. lubrication of motor and compressors, replacement of filters) or as required by the product warranty.
- Routine maintenance and expenditures, such as repainting, cleaning and replacing minor parts.
- Utilities, insurance and administrative expenses
- Pays for all new big investments or rehabilitation of assets currently under the Municipality’s control
- Five Thousand dollars ($5,000) or greater and meets one of the following criteria:
- the replacement or overhaul of an asset or major component that will extend the useful life of the asset;
- the expenditure results in an increase in the service quality of the asset
- the expenditure results in an increase in the capacity of the asset; and
- the efficiency of the asset is increased or associated operating costs are lowered – such as replacing existing lighting with energy saving lighting or replacing a furnace with a high efficiency furnace thereby decreasing future operating costs
What are Reserves & Reserve Funds?
- A Reserve Fund is an amount set aside for a specific purpose by authority of a by-law (or as required by legislation) that is carried from year to year unless utilized or formally closed.
- Reserves are also amounts carried from year to year, but reserves are set up by resolution of Council and are utilized mainly as a plan against budget contingencies, large item procurement or unforeseen events.
How the Municipal Budget Works
How Property Tax is Calculated
For additional Municipal Property Assessment Corporation (MPAC) information please refer to the MPAC website.
For additional information on Tax Rates please refer to the ‘Tax Rates’ portion of the Municipal Website.
Public Consultation Form