Budget and Financial Statements

At the December 8, 2025 Regular Meeting of Council, Council reviewed and amended the proposed 2026 Tax Supported Operating and Capital Budget which was later deemed adopted. A tax levy increase of 3.14% has been implemented by Council to maintain the current levels of service and provide needed funding for debt repayments and capital projects.  

2026 Rate Supported Budget

On December 8, 2025 Council passed a motion to approve the proposed operating and capital budgets for the rate supported environmental services inclusive of a 4.95% water and 6.95% sewer rate increase, shortened the 30-day period for proposing amendments, and therefore, the 2026 Rate Supported
Water and Wastewater Budget was deemed adopted in compliance with the Strong Mayors Powers framework.

• The user rate levy increases maintain the current levels of service and provides needed funding for debt repayments and capital works.
• The levy increase is driven by factors including OCWA contract costs, chemicals and utilities, the removal of the Infrastructure Renewal Fee along with the need to increase capital investments.

At the January 26, 2026 Regular Meeting of Council, Council approved By-Law 26-03, being a By-Law to set the rates for water and sewer services and to set a minimum charge for water and sewer usage for 2026.                     

Asset Management Plan

Learn how we plan to manage our assets with our Asset Management Plan.

Financial statements

Financial statements are reviewed on an annual basis by an outside firm to ensure accuracy. The audit includes a consolidated balance sheet, statement of operations and cash flow documents.