$62,895spent on tangible capital assets in 2025, against $555,791 of amortization
Amortization is the way the statements spread an asset's cost over its working life. For 2025 the charge was $555,791. The Township bought $62,895 of assets and its assets' book value fell from $7,887,468 to $7,386,838. In 2024 it bought $240,213 against $560,190 of wear. The schedule of assets shows roads with $7,019,385 of original cost and $6,127,432 already written off, and bridges and culverts with $547,479 of cost and $533,957 written off. That counts accounting age, not condition.
$62,895capital assets bought in 2025, against $841,350 budgeted
Capital means building or replacing things that last: roads, buildings, equipment. The 2025 budget planned $841,350 of it, paid mostly by $697,607 of provincial and federal capital grants (budgeted $404,359 and $293,248). The statements show $62,895 spent on assets and $53,942 of capital grants received. At the same time cash rose by $361,870 to $2,025,836. The statements do not say which projects did not go ahead or were put off.
$917,122spent on transportation in 2025 on the budget basis, against a budget of $762,675
On the basis the budget is built (no amortization), transportation services cost $917,122 against a budget of $762,675. On the audited basis the figure is $1,178,119 against $1,027,852, which is $150,267 more (worked out by us). In 2024 transportation cost $1,060,204 on the audited basis. Total operating spending on the budget basis came in $34,839 under budget (worked out by us), because environmental services (water, sewer, garbage) came in $81,822 under and protection came in $53,749 under (worked out by us).
$1,653,850asset retirement obligations at the end of 2025, up from $1,619,272
A new accounting rule has the Township count what it will owe to close and clean up assets. At the end of 2025 that came to $1,653,850: $946,673 for the landfill, $632,327 for removing asbestos from buildings, $71,851 for water wells and $2,999 for a fuel tank. The Township lists the same $1,653,850 under "Unfinanced asset retirement obligations", meaning no money has been set aside against it in the accounting. The landfill reserve holds $440,096, unchanged from 2024. The landfill is estimated to reach capacity in 2040, with 34,885 cubic meters left of 303,000.