Budgets

Key Budget Dates

Committee of the Whole

Rate Supported Budget – Jan 24, 2019 

Tax Supported Capital Budget –  March 5, 2019 

Tax Supported Operating Budget – April 2, 3, 4, 2019 

Year201720172017201820182018
Tax SupportedRate SupportedCombinedTax SupportedRate SupportedCombined
OPERATING
Tax Levy/Rates Revenue$61,268,870 $11,991,160 $73,260,030 $63,757,390 $12,012,090 $75,769,480
% Recovery of Gross Expenditures59%57%59%58%57%58%
Total Gross Expenditures $103,164,110 $20,945,850 $124,109,960 $109,235,030 $21,014,280 $130,249,310
% of Combined Total Expenditures82%63%78%80%75%79%
CAPITAL
Current Year Gross Expenditures $22,362,110 $12,368,700 $34,730,810 $28,162,810 $7,061,400 $35,224,210
% of Total 10 Year Forecasted Expenditures13%18%15%14%6%11%
Total 10 Year Forecasted Expenditures $169,128,760 $70,103,850 $239,232,610 $198,598,940 $118,723,300 $317,322,240
Average Gross Expenditures/Year $16,912,876 $7,010,385 $23,923,261 $19,859,894 $11,872,330 $31,732,224
COMBINED OPERATING & CAPITAL
Total of Current Year’s Expenditures $125,526,220 $33,314,550 $158,840,770 $137,397,840 $28,075,680 $165,473,520

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What is a budget?

It is an itemized financial plan that shows how the money the county receives will be spent over a specific period of time. Haldimand County has 3 annual budgets:

  1. Tax Supported Operating Budget

  2. Tax Supported Capital Budget

  3. Rate Supported Budget – also known as Water and Wastewater Operating and Capital Budget.

Haldimand County receives money from 3 sources:

  1. Property Tax Levy
  2. User Fees, donations, and other sources
  3. Grants and/or Subsidies

Difference between Tax Supported Operating and Capital Budget

Tax Supported Budget is funded directly by the Property Tax Levy, and has 2 components:

  1. Operating Budget pays for day to day operations of the county such as salaries, wages, utilities, insurances, and services such as running arenas, keeping the roads safe, maintaining locals parks and cemeteries, providing emergency services (fire, police and ambulance), and collection of garbage and recyclables.
  2. Capital Budget pays for works on our existing infrastructure to maintain our current assets and for new investments within the county or improvements on current assets.
    • Some examples of capital expenses include the purchase of equipment and vehicles, the resurfacing or reconstruction of roads, or enhancing existing roads, renovations or construction of new buildings.

Each budget is reviewed by the County’s Senior Management Team which is then approved by the Council.

What is Rate Supported Budget?

The Rate Supported Budget is also known as the Water and Wastewater Budget and is specific to water and wastewater services, which means this budget is fully funded by the users, with no financial support from the property taxes. The money from the user rates is used to pay for all operational costs as well as contributions to capital reserves to fund capital projects. Just like the Tax Supported Budget, the Rate Supported Budget has 2 components:

  1. Rate Supported Operating Budget which pays for things like salaries and wages, supplies, materials, maintenance and repairs, insurance and utilities to list to provide treatment, distribution and collection of water and wastewater operations.
  2. Rate Supported Capital Budget pays for things like replacement and rehabilitation of water treatment facilities, studies/reviews/evaluations that determine future repairs and maintenance that the county will need to plan for in the future.
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