$69,882net financial assets at the end of 2025, down from $2,748,633 at the start of 2024
Net financial assets is what the Township has in cash and money owed to it, minus what it owes. The Township's own note says it "explains the Township's overall future revenue requirements and its ability to finance activities and meet its obligations." It was $2,748,633 at the start of 2024, $718,691 at the end of 2024 and $69,882 at the end of 2025, against a 2025 budget for $257,396. Cash fell from $4,950,695 to $3,046,140 in 2025, and reserves (savings set aside for later) fell from $4,981,289 to $4,459,184.
$(26,639)development charges balance at the end of 2025, down from $205,764
Development charges are fees on new buildings that pay for the roads, fire protection and parks that growth needs. The Township collected $52,539.00 in 2025 and moved $288,434.00 out to capital projects. The balance went from $205,764 held at the end of 2024 to minus $26,639, meaning the Township spent growth money it has not yet collected. The Township explains this in its own report: it says growth projects are sometimes finished before the fees have been collected, and the gap is covered by borrowing that future fees will repay.
$6,235,931capital work in progress at the end of 2025, up from $3,546,038
Capital means roads, buildings and equipment that last years. In the audited statements the 2025 budget column expected $7,065,589 in government transfers for capital and the actual was $4,390,256 (a gap of $2,675,333, worked out by us). The statements also planned to buy $12,248,832 of capital assets and bought $5,770,715. Capital work in progress (projects not yet finished) grew from $3,546,038 to $6,235,931. The Township says capital budgets are set project by project, which fits projects that run across more than one year. The 2026 budget book shows the same pattern for roads: grants budgeted at 3,810,356 for 2025 against 718,425 in the year-to-date column.
$228,699investment income in 2025, against a budget of $106,802
The audited 2025 statements show investment income of $228,699 against a budget of $106,802, and user charges (fees for things like the arena and permits) of $902,240 against a budget of $709,613. Taxation was close to budget: $7,691,012 against $7,623,476. The Township does not explain the difference in the statements.