Budget

Township of Minden Hills 2016 Budget Process

The 2016 budget process for the Township of Minden Hills began with a preliminary discussion with Council during the Council meeting held on November 26, 2015. Recognizing a 26.58% increase in Policing costs over 2015; Staff were asked to work towards a 0% increase (where possible), and to prepare a first draft of the 2016 budget for consideration and discussion.

The preliminary first draft was initially reviewed by the Reeve, the CAO/Treasurer, the respective Departmental Chair, and the respective Department Head on January 5, 2016.

Subsequent to this, the first draft, which included an overall increase of 15.11%, was provided to the Budget Standing Committee on January 28th, 2016. Further changes, including the removal of capital projects and a reduction to the overall Cultural Centre operations, decreased the levy increase to 9.837%, and this draft was presented to the Budget Standing Committee on February 16th, followed by a Public meeting on February 25th.

On March 10th the 2016 budget, including the Estimates By-Law #16-31, was approved by resolution of Council. Further to this, the By-Law to Authorize the Levying of Rates of Taxation (#16-55) was approved on May 26th, 2016.

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An Important Fact Regarding Your Tax Dollars

The Municipal portion of your tax billing includes an amount for OPP (Ontario Provincial Police). In 2016 this has been estimated and requisitioned at $1,859,280, or 15.02% of the Township’s total budgeted expenditures.

The 2016 budget summary and associated charts, including 2015 comparative numbers, can be viewed from the following link:

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2016 Assessment, Rates and Taxes Raised

The 2016 final Municipal taxation levy of $6,901,905 represents a 9.837% or $618,145 increase over the 2015 levy.
This includes $391,801 or 6.235% for increased Policing (OPP) costs, $59,070 or .94% in growth and $167,274 or 2.662% for inflation.

2015 levy

 

Levy Allocation Summary across all property classes:

Levy Allocation

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6 Year Historical Rates:

6 years of historical rates, including County, School Board and Special Area can be viewed from the following links:

In 2016, every dollar of full residential and commercial taxes billed will be allocated as follows:Res-Comm 2016

The following summary outlines six (6) years of residential tax rates, also depicted in the related line chart:

resspecialarea1

resspecial area2

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2016 Capital Projects

Significant maintenance projects and planned capital projects for 2016, including the related source of funding, can be viewed from the following link:

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2016 Transfers to/from Reserves and Reserve Funds

Transfers to and from reserves and reserve funds for 2016, including the related project or expenditure, can be viewed from the following link:

For further information regarding the 2016 budget and/or budget process, please contact the Treasury Department at: 705-286-1260 Ext. 0.

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Budget Archives

2015 Budget Report
2015 Graphical Analysis Report

2014 Budget Report
2014 Graphical Analysis Report

2013 Budget Report
2013 Graphical Analysis Report

2012 Budget Report
2012 Graphical Analysis Report