Budgets

2021 budget feedback

Budgets & Business Plans

Current Budget

2021 Budget & Business Plan Documents
Budget Timeline
Budget meetingDate and time

Presentation of 2021 Water & Wastewater Study 

The Township of King's 2021 Water and Wastewater Study will be presented at the January 11, 2021 Committee of the Whole Meeting. This presentation will be provided by the Township’s consultant, Gary Scandlan, Watson and Associates Economists Ltd.

Jan. 11, 2020 - 6 pm*

Virtual Public Engagement Centre

King Township will host a virtual Public Information Centre on Jan. 20 from 6 to 8 pm to provide information on the draft 2021 budget and gather feedback. More information on how to register will be provided in the new year in the Weekly Sentinel, on this page and at speaking.king.ca. Pre-registration is required.

Jan. 20, 2020 - 6 pm - 8 pm*

Council Working Session and Meeting

The Township of King’s preliminary assumptions, feedback received to date, context and strategic directions relating to the Draft 2021-2022 Budgets & Business Plans will be discussed.

Jan. 25, 2020 - 5 pm*

Council meeting

The Township of King adoption of the 2021 Operating Budget & Business Plan and 2021-2022 Amended Capital Budgets, will be tabled. I

Feb. 8, 2021 - 6 pm*

* All council meetings are live streamed on our Youtube channel at https://youtu.be/VN53kBR2Me0.

 

Annual Budget 

As per section 290(1) of the Municipal Act, 2001, “for each year, a local municipality shall, in the year or the immediately preceding year, prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality, including,

  • Amounts sufficient to pay all debts of the municipality falling due within the year;
  • Amounts required to be raised for sinking funds or retirement funds; and
  • Amounts required for any board, commission or other body.

Township Council is thus required to approve a balanced budget each fiscal year that must be finalized and approved prior to final property tax bills being issued.

The operating budget includes annual expenditures for personnel costs, materials and supplies, contracted services, minor capital, debt charges, reserve transfers and program fees.

The Township’s capital budget includes expenditures and financing sources to acquire, construct, maintain and facilitate Township capital assets such as: roads, bridges/structures, water distribution and wastewater collection systems, recreational facilities and administrative facilities.

Budget Process

The Township adopted a new budget process for 2011, which was aimed at providing decision makers, Members of Council, with more information (qualitative and quantitative) to ensure that an informed decision regarding the 2011 budget could be made.