Title
11:30 a.m. Appointment - 2026 Final Budget Approval
Proposed Motions
1. That Council approve the 2026 Operating Program Budget containing $29,250,179 in revenues; $108,477,479 in expenditures; a municipal tax requirement of $79,227,300.
2. That Council approve the 2026 Operating Project Budget containing $9,722,891 in revenues; $10,536,891 in expenditures; a municipal tax requirement of $814,000.
3. That Council approve the 2026 Capital Budget containing $67,990,914 in revenues; $72,005,914 in expenditures; a municipal tax requirement of $4,015,000.
4. That Council approve the 2026 Statement of Operations and 2026 Statement of Change in Net Financial Assets as presented.
Body
Administration Recommendation
Administration supports the proposed motions.
Purpose
To approve amendments to the 2026 Approved Budget.
Summary
Each spring, Administration revisits the Budget Approved in the fall of the previous year. This includes incorporating carry forward projects and other budget adjustments to ensure appropriate allocation of the resources required to operationalize Council's Strategic Plan.
The majority of the adjustments made to the 2026 budget are related to carry forwards approved by Council on February 24th, today's presentation will be centered around the adjustments that fall outside of what Council has already approved.
Administration is seeking Council's approval on the proposed budget changes. The 2026 Final Budget is presented based on three categories of spending:
1. Operating Program Budget - which gives Administration the resources necessary to deliver programs and services to residents.
2. Operating Project Budget - which allocates resources to one-time operating projects that vary from year to year depending on established organizational priorities.
3. Capital Project Budget - which allows for the allocation of resources to major maintenance, reconstruction, and new capital infrastructure that supports the delivery of programs and services.
A...
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