Budget Information

The Finance Department ensures accountability through budgeting, accounting and reporting on municipal financial transactions. Each year, the Municipality of Trent Lakes creates an operating and a capital budget outlining the services and projects to be completed in the year. The budgets also set the tax rates for the year.

The Municipality of Trent Lakes is seeking feedback from the public as part of their budget considerations. Please share your ideas and suggestions by emailing the Finance department and include Budget Considerations as the Subject line.

Current budget

View the 2023 Budget for the Municipality of Trent Lakes. The budget was approved by Council on February 21, 2023. We held a variety of special council meetings to review department budget proposals and grant applications:

January 26, 2023 – Special meeting on Municipal grant applications
December 5, 2022 – Special meeting with department budget presentations, workplans and updated efficiencies

For information on water budgets, visit our Drinking Water Supply Systems page.

Prior year budgets

Consolidated financial statements

These statements tell the story of our financial position at the end of each calendar year. An outside firm audits them on an annual basis to ensure accuracy. The Municipality will publish the previous year's statement in May.

To help understand financial statements, use this common language guide.

Financial information return

The Municipality is legally required to submit a financial information return (FIR) to the Province of Ontario every year. The province uses the FIR to collect information on all municipalities within Ontario.

Asset management plan

The Strategic Asset Management Policy sets the framework for undertaking asset management in a structured, coordinated way.

The Asset Management Plan helps the Municipality of Trent Lakes make the best possible decisions regarding the construction, operation, maintenance, renewal, replacement, expansion and disposal of infrastructure assets while minimizing risk and cost to taxpayers and maximizing service delivery.

The Plan is based on current available data and information on core services and is a living document requiring continuous updates and improvements with ongoing data collection programs.

Energy conservation and demand management

The Province of Ontario has introduced the Green Energy Act, 2009. This legislation requires municipalities, among other public sector groups (schools, hospitals, etc.), to prepare an Energy Consumption and Greenhouse Gas Emissions Report annually. In addition the Municipality must also prepare an Energy Conservation and Demand Management Plan on a minimum, five (5) year frequency.