Budget

Every year each municipality is required by legislation to prepare and adopt a multi-year budget. The Town of Nanton budget has three components:
  • Operating Budget

    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.).
  • Capital Budget

    - 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 2020    
 Operating Expenditures $  4,484,433
           Operating Revenue $  (2,216,994)
 Capital Expenditure $  1,656,160
 Grants, Deibenures (Loans), & Transfer from Reserves $ (1,672,160)
 Transfer to Reserves $  635,000
 Debt Repayment by Taxation - Principle $ 28,721
 NET FUNDS REQUIRED FOR MUNICIPAL OPERATIONS $ 2,915,160
Alberta School Foundation Fund $ 763,555
Mosquito Creek Foundation $ 110,447
Rural Police Tax  $ 45,465
Designated Industrial Property Assessment Fee $ 268 
TOTAL FUNDS REQUIRED FROM TAXATION  $ 3,834,895 

2020 Budget

 

by Department

Each department is responsible for their budget.

Expenditure by dept 2020