Every year each municipality is required by legislation to prepare and adopt a multi-year budget. The Town of Nanton budget has three components:
- is a detailed estimate of expenditures needed for services such as road repair, water and wastewater, parks maintenance, recreational programming, etc.Expenditures are partially offset by revenues such as utility billing, facility rentals and other things (fines, licensing, interest, etc.).
- works alongside the Operations Budget. This budget is used to ensure physical assets (buildings, machinery, roads) are available to support the provision of services and programs. A majority of these projects are funded by grants and reserves.
Allocations to Reserves
- these funds are used to save over time for major capital projects (classified as capital reserves) such as replacing roads or significant building upgrades. Also used for unexpected expenses (classified as contingency reserves).
(Operations Budget + Capital Budget + Allocations to Reserves) - Other Revenues = Taxes Required for Municipality
TOWN OF NANTON BUDGET 2018
Grants, Deibenures (Loans), & Transfer from Reserves
Transfer to Reserves
Debt Repayment by Taxation - Principle
NET FUNDS REQUIRED FOR MUNICIPAL OPERATIONS
for School Fund
for Senior's Foundation
TOTAL FUNDS REQUiRED FROM TAXATION
Each department is responsible for their budget.
2018 Budget Highlights
Continue with valve and hydrant replacement throughout the Town
Further upgrades to improve the water treatment plant
New ventilation and dehumidification to the THRC arena
Creation of public parking lot in the downtown core
Public toilets on the northbound highway by the Visitor Information Centre
Repair Centennial Park pathway
Implementation of an employee safety program
Finalization of the new Municipal Development Plan, creating a blueprint for the future
Intermunicipal Collaboration Framework (ICF) - sharing services with neighbouring communities and the MD of Willow Creek