Budget and Finance

Budget

The Township of Huron-Kinloss is responsible for setting a budget each year. Through this process we evaluate programs and services to meet the needs of our community.

The budget is divided into two main areas:

Capital - This budget covers municipal projects related to new assets or rehabilitating existing ones, including roads, equipment, facilities such as the arena, storm water management infrastructure and more.

Operating - This budget covers the day-to-day operations and funds municipal services and programs such as snow removal, facility maintenance, fire protection services, by-law enforcement, economic development, road maintenance and repair, and parks and recreation programming.

There are a number of factors that affect the preparation of the annual budget. These include, inflation, market conditions, growth and development and policy decisions of Council.

Financial Reporting

For each fiscal year ending December 31st, an external auditor prepares financial statements for the municipality.

The Financial Information Return (FIR) is the main data collection tool used the Ministry of Municipal Affairs and Housing to collect financial and statistical information on municipalities.

Fees and Charges

The Township collects a variety of fees for municipal services. The list of fees and charges is reviewed, updated and approved by Council.

For a list of fees and charges for municipal services, please view the Consolidated Fees by-law.