Not the full picture. Built from public records, which leave things out.Read by hand, Oct 2026DetailsThis is built from public records, which leave a lot out, and some of it may be wrong or out of date. Check the sources, and tell us if you spot a mistake. What this site can't tell you Read by hand. We read Hamilton's own documents for this site in October 2026; the Sources page lists which ones. The comparisons with other places still come from the Province's yearly reports.
Questions · 7 so far
Things worth asking about
We read Hamilton's financial reports and meeting minutes, and compared its numbers with 45 similar Ontario towns. These are the things that stood out.
What these are, and what they are not. A question here means a number or practice is unusual, or harder to see than it should be. It does not mean anyone did anything wrong. Most unusual numbers turn out to have ordinary explanations, and every question lists some. The only way to know is to ask.
Worth asking
Worth asking
There may well be a good reason. It is still worth asking what it is.
$5.7 milliona year: the gap the Township says it faces between what its assets need ($8.3 million) and what it sets aside ($2.6 million)
The Township's own asset plan counts what it owns (roads, bridges, buildings, water pipes, vehicles) at a replacement cost of $278 million. It says keeping those things in shape needs about $8.3 million a year, and the Township sets aside about $2.6 million a year, which leaves a gap of $5.7 million a year. The 2026 budget answers part of this with an extra 2.5% on the tax levy (the total tax the Township collects) for reserves, which is $269,000 in 2026. The budget's own forecast tables also show a "Facility" line in the fire department of $3,000,000 in each of 2030, 2031 and 2032, and the fire facility reserve ends up $8,556,000 short in 2032 even with the extra contributions. The pages we read do not say what the facility is or how it would be paid for.
Found by reading the town's own documents · 5 sources
5.7%net levy increase for 2026 (6.7% before 1.0% growth in the tax base); the Township forecasts 6.9% for 2027
The levy is the total the Township collects from property taxes for its own services. The net levy increase (after the tax base grew a little) was 4.6% in 2024, 6.4% in 2025 and 5.7% in 2026, which is $10 a month for the average home according to the budget. The Township's own forecast has the levy rising 6.9%, 6.5% and 6.1% in 2027, 2028 and 2029. The Township explains the 2026 rise: 1.5 points come from a policing cost that the province capped at an 11% increase, 0.7 points from insurance, and 2.5 points from the extra reserve contribution. It also says its 2025 residential tax rates were the lowest in Northumberland County.
Found by reading the town's own documents · 6 sources
$135,000fire calls recoverable budgeted for 2026, against $76,290 preliminary actual for 2025
The fire department's net budget (what taxes pay for after its own revenue) goes from $1,339,160 to $1,578,710, up $239,550 or 17.9%. The budget gives the reasons: $100,000 is saving for fire trucks and the fire facility, $42,300 is a new full-time administrative assistant starting in July, $16,100 is insurance, and $81,150 is base costs. The part to look at is revenue. The budget counts on $135,000 from fire calls recoverable (money the Township bills for some responses), up from $100,000 in the 2025 budget. The 2025 preliminary actual was $76,290 and 2024 was $61,924. The budget says the figure is aligned with the projected actual.
Found by reading the town's own documents · 3 sources
$277,572still shown as unfunded capital for water work on Kennedy Road at the end of 2025
The Township runs small drinking water systems (Creighton Heights, Camborne, and a Buttersfield system supplied by Cobourg) and bills 573 residential and 13 commercial customers directly. Its budget calls them user pay systems, meaning paid for by the people connected. Its statements show the water operating account behind: "Waterworks operations" was (118,418) at the end of 2025 and (188,681) at the end of 2024, brackets meaning a shortfall. A separate amount of (277,572) for "Unfunded capital - Water", the Kennedy Road work, is unchanged in the 2026 budget and is to be reduced by long-term debt. For 2026 the water budget cuts the transfer to the capital reserve to $36,500, which it says is a deficit of approximately $94.5k against the water rate study, while water staff costs rise 30.2%.
Found by reading the town's own documents · 4 sources
$6,413,591salaries and benefits in 2025, against $5,525,654 in 2024
The audited statements show salaries and benefits of $6,413,591 in 2025, against $5,525,654 in 2024 and a budget of $5,956,048. The Township's staffing table shows 41.5 full-time and 12 part-time staff in 2024 and 42 full-time and 11 part-time in 2025. The Township explains that total expenses rose 9% "primarily due to the adoption of an actuarial valuation for future employee benefits" and outside costs such as policing and insurance. That valuation moved the liability for future employee benefits from $4,091 to $307,000 and is shown as a cash-flow item of $302,909. Worked out by us, that is about a third of the $887,937 increase in salaries and benefits, if all of it was booked there (the statements do not say), and the rest is about a 10.6% rise. The 2025 report also lists a new collective agreement completed with the Township's union.
Found by reading the town's own documents · 4 sources
$440,225annual surplus in 2025, against a budgeted $17,600
A surplus is what is left when a year's revenue is more than its spending. The audited statements show an annual surplus of $440,225 for 2025 against a budget of $17,600 (and $373,707 in 2024). Total revenue was $16,132,209 against a budget of $15,694,020. Investment income was $319,178 against a budget of $126,757, and penalties and interest on taxes were $270,169 against $200,000. The Township explains both: more cash on hand and better timing of investments, and more late payments. Some money also came in lower than budgeted, such as provincial funding and the Canada Community-Building Fund. Investment income also fell from $499,112 in 2024.
Found by reading the town's own documents · 3 sources
$5.7 milliona year: the gap the Township says it faces between what its assets need ($8.3 million) and what it sets aside ($2.6 million)
The Township's own asset plan counts what it owns (roads, bridges, buildings, water pipes, vehicles) at a replacement cost of $278 million. It says keeping those things in shape needs about $8.3 million a year, and the Township sets aside about $2.6 million a year, which leaves a gap of $5.7 million a year. The 2026 budget answers part of this with an extra 2.5% on the tax levy (the total tax the Township collects) for reserves, which is $269,000 in 2026. The budget's own forecast tables also show a "Facility" line in the fire department of $3,000,000 in each of 2030, 2031 and 2032, and the fire facility reserve ends up $8,556,000 short in 2032 even with the extra contributions. The pages we read do not say what the facility is or how it would be paid for.
Why it matters
A gap like this does not show up in one year's budget. It shows up later as a bigger tax increase, borrowing, or roads and buildings that are allowed to decline. The Township is open about the gap, which is how a resident can ask about it before the next council is chosen on October 26, 2026.
It could be because…
The Township published this gap itself in its budget and its asset management plan. Showing it is what the provincial asset management rules are meant to produce.
The Township says it is not alone: it describes an annual funding gap as a persistent issue among many municipalities across Canada.
The $3,000,000 facility amounts are forecasts, not decisions. They could be paid for in part by development charges, grants or borrowing, which this table does not show.
The reserve shows a surplus (figures in brackets) until 2029, so the large shortfall comes from the planned spending in 2030 to 2032, not from a failure to save today.
Questions you could ask
What is the "Facility" in the fire forecast for 2030 to 2032, and which plan or report supports the $9,000,000 total?
How does the Township expect to pay for it: reserves, development charges, grants or borrowing?
Will council continue the extra 2.5% reserve increase in the 2027 budget, as the Township says staff will recommend?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
The audited 2025 report says the Township's infrastructure has "an estimated total replacement value of $278 million" and that it "requires an average annual capital investment of $8.3 million". It says the Township is "currently allocating approximately $2.6 million each year toward capital projects and reserves. This results in an annual funding shortfall of $5.7 million." To close it, the plan calls for an extra 2.5% levy increase for about 20 years, which equals approximately $269,000 in 2026.
The 2026 budget says "The annual tax rate increase required to eliminate the Township's infrastructure deficit based on a 20-year plan is 2.5% (equates to $269,000 in 2026)" and "By the end of 2045, the cumulative gap between annual contribution and contribution required will be approximately $53 million." Its 2026 operating budget includes the $269,000 increase to eight reserves.
Fire Facility Forecast, Table 105: a line called "Facility" of $3,000,000 in each of 2030, 2031 and 2032, a total of $9,000,000, with "Requirements from Fire Facility Reserve" of the same amounts. "Transfer to Fire Facility Reserve" is (21,000) in 2026 and (1,508,900) in 2035. "Reserve Balance" is (26,040) in 2026, 2,853,000 in 2030, 8,556,000 in 2032 and 5,846,300 in 2035. The budget's Table 5 on PDF page 62 prints the same fire facility figures under the heading "(Surplus)/Deficit", so a figure without brackets is a shortfall.
If contributions stay at the 2025 level, the 2026 budget projects the Fire Facility Reserve at $9,000,000 in deficit by 2033, and says so in a table headed "Scenario: No Increase to Contribution". The 2026 operating contribution to that reserve is $21,000, up $15,000 from $6,000.
The Township's total reserves and reserve funds "stood at $10.6 million, an increase from $9.1 million in 2024". The note on accumulated surplus shows Total Reserves of 10,570,739 (2024: 9,008,417).
5.7%net levy increase for 2026 (6.7% before 1.0% growth in the tax base); the Township forecasts 6.9% for 2027
The levy is the total the Township collects from property taxes for its own services. The net levy increase (after the tax base grew a little) was 4.6% in 2024, 6.4% in 2025 and 5.7% in 2026, which is $10 a month for the average home according to the budget. The Township's own forecast has the levy rising 6.9%, 6.5% and 6.1% in 2027, 2028 and 2029. The Township explains the 2026 rise: 1.5 points come from a policing cost that the province capped at an 11% increase, 0.7 points from insurance, and 2.5 points from the extra reserve contribution. It also says its 2025 residential tax rates were the lowest in Northumberland County.
Why it matters
The Township is only part of a property tax bill; the County and school boards are the rest. But this is the part that the five members of council set, and the forecast shows rises of this size continuing after the election.
It could be because…
Much of the increase is outside the Township's control: the 2026 budget attributes $161,761 to policing under a provincial cap, and $77,600 to insurance.
The 2.5 points for reserves are a choice to save for roads and buildings rather than let them decline (see the infrastructure question). It is a rise now to avoid a bigger one later.
The Township says its residential rates are the lowest in the County, so a higher percentage may be rising from a low base.
A forecast three years out is a planning figure and changes each year.
Questions you could ask
What levy increase does council expect to approve for 2027, and how much of it is reserves, policing and insurance?
Which services or fees would change if the levy increase were held to the rate of inflation?
What is the comparison behind the statement that residential rates are the lowest in the County, and which year and which municipalities does it cover?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
The evidence
2026 budget: "2026 Draft Operating Budget" of 11,283,356 against 10,573,956 for 2025, an increase of 709,400 or 6.7%, "Projected Assessment Growth 1.0%", "Net Levy Increase 5.7%". Council asked staff to look for cuts after a first draft that reflected a 7.4% tax levy increase, and $78,100 was removed.
2025 budget: "The 2025 Operating Budget proposes a 7.3% tax levy increase." After assessment growth of 0.9%, "the net levy increase for the 2025 consolidated budget is 6.4%."
2024 budget: "The 2024 Operating Budget proposes a $535,297 or 5.7% tax levy increase." After assessment growth of 1.1%, "the net levy increase for the 2024 consolidated budget is 4.6%."
2027 to 2029 Financial Outlook, Table 8: net budget of 12,178,310 (2027), 13,091,800 (2028) and 14,021,152 (2029), and a "New Levy Increase" of 6.9%, 6.5% and 6.1%, each after estimated assessment growth of 1.0%.
"External Pressures" in the 2026 budget: OPP Realignment Service $161,761 (1.5%), Insurance $77,600 (0.7%), Library Services $14,346 (0.1%). The police line goes from 1,463,931 to 1,625,692, up 11.0%. The Township cites a September 26, 2025 letter from the Solicitor General that capped the increase in policing costs for 2026 at 11 per cent. The 2026 budget also lists "Capital Contribution ($269,000 or 2.5% increase)".
Township of Hamilton, 2026 Approved Budget · External Pressures, PDF page 58; Capital Contribution, PDF page 59; Table 7 and Table 6, PDF pages 63 and 64; Policing Pressure Sheet, PDF page 111
The 2026 budget says the Township's "2025 residential property tax rates remain the lowest in the County" and that, for the average single detached home assessed at $335,000, the 2026 increase is "$10 per month on the Township's portion of your tax bill".
$135,000fire calls recoverable budgeted for 2026, against $76,290 preliminary actual for 2025
The fire department's net budget (what taxes pay for after its own revenue) goes from $1,339,160 to $1,578,710, up $239,550 or 17.9%. The budget gives the reasons: $100,000 is saving for fire trucks and the fire facility, $42,300 is a new full-time administrative assistant starting in July, $16,100 is insurance, and $81,150 is base costs. The part to look at is revenue. The budget counts on $135,000 from fire calls recoverable (money the Township bills for some responses), up from $100,000 in the 2025 budget. The 2025 preliminary actual was $76,290 and 2024 was $61,924. The budget says the figure is aligned with the projected actual.
Why it matters
A revenue line set above what has been collected reduces the tax increase on paper. If it is not collected, the gap has to be made up from somewhere else during the year.
It could be because…
Billing for fire calls may have changed (for example, a new rate or a new way of billing), so past years may not predict 2026. The budget says the figure is aligned with the projected actual.
Recoveries can arrive after the year they are billed, so a preliminary figure for 2025 may be lower than the final one.
Most of the 17.9% is saving and a new position, not day-to-day costs; the budget calls the $100,000 a phase-in of the asset management plan target.
Questions you could ask
How much did the Township bill for fire calls in 2025 and how much has it collected, and what changed that supports $135,000 for 2026?
Why was the 2025 preliminary actual transfer to the fire vehicle reserve $133,449 against a budget of $300,000?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
Fire Department Budget Highlights: "Net Budget" 1,339,160 (2025) and 1,578,710 (2026), a change of 239,550 or 17.9%. By category: base 81,150, new 42,300, external pressures 16,100 and capital contribution 100,000.
Fire Department Pressure Sheet, "FIRE CALLS RECOVERABLE": (41,251) for 2023 actual, (61,924) for 2024 actual, (76,290) for 2025 preliminary actual, (100,000) for 2025 budget and (135,000) for the 2026 draft budget, a change of (35,000) or 35.0%. A note says the budget was increased by $10k, from $125k to $135k, after the first budget meeting on December 10th.
Same page: "TRANSFER TO FIRE VEHICLE/EQUIPMENT RESERVE" is 160,000 (2023 actual), 260,000 (2024 actual), 133,449 (2025 preliminary actual), 300,000 (2025 budget) and 385,000 (2026 draft), with the note "Phase-in impact to meet the target of the Asset Management Plan (AMP)". "TRANSFER TO FIRE FACILITY RESERVE" is 6,000 in the 2025 budget and 21,000 in 2026.
$277,572still shown as unfunded capital for water work on Kennedy Road at the end of 2025
The Township runs small drinking water systems (Creighton Heights, Camborne, and a Buttersfield system supplied by Cobourg) and bills 573 residential and 13 commercial customers directly. Its budget calls them user pay systems, meaning paid for by the people connected. Its statements show the water operating account behind: "Waterworks operations" was (118,418) at the end of 2025 and (188,681) at the end of 2024, brackets meaning a shortfall. A separate amount of (277,572) for "Unfunded capital - Water", the Kennedy Road work, is unchanged in the 2026 budget and is to be reduced by long-term debt. For 2026 the water budget cuts the transfer to the capital reserve to $36,500, which it says is a deficit of approximately $94.5k against the water rate study, while water staff costs rise 30.2%.
Why it matters
Water is meant to be paid for by water bills, not by property taxes, and the Township still has to replace wells and treatment equipment. If the water account runs short, the money comes from other reserves or from borrowing.
It could be because…
The water account shortfall shrank from (188,681) to (118,418) in 2025, so the trend is the right way.
Council approved a water rate study on October 21, 2025, and Camborne water billing is budgeted to rise 5.0% in 2026, so the plan may be to close the gap through rates.
The water budget says the staff cost rise is for market wages and one new full-time operator because of vacancies and retirements; those are real costs of keeping a licensed system running.
The water budget notes that council approved debt funding of $879k in 2021 to 2022. Some of the Kennedy Road cost may be waiting for that borrowing to be drawn; the pages we read do not say.
Questions you could ask
When will the Kennedy Road water work be paid for, and how much of the approved $879k of debt has been borrowed?
What water rate increase does the rate study call for in 2027 and later, and how much of the planned reserve transfer is being deferred in 2026?
What share of the water system's cost is paid from property taxes rather than water bills?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
Note 10, accumulated surplus (amounts in brackets are shortfalls): "Waterworks operations" (118,418) in 2025 and (188,681) in 2024; "Unfunded capital - Water" (277,572) and (299,658); "Unfunded capital - Fire" (75,053) and nil. Note (c): "The balances related to Kennedy Road is $277,572." and "The unfunded capital costs will be reduced by acquisition of long-term debt." Long term debt is 460,873.
Pressure sheet, "TRANSFER TO CAPITAL RESERVE": 87,809 (2023 actual), 27,758 (2024), 41,637 (2025 preliminary actual and budget), 36,500 (2026 draft). The explanation reads "Water Rate Study forecasted transfer of $131k in 2026. The 2026 budgeted transfer is a deficit of approximately $94.5k." "TRANSFER TO WATER RESERVE" falls from 70,263 to 7,500.
Water Budget Highlights: Personnel 406,300 (2025 budget) to 528,800 (2026), up 122,500 or 30.2%; Contribution to Reserve 150,483 to 79,483, down 47.2%; Total Expenditures 927,751 to 1,000,751. The budget says the Water Rate Study was approved on October 21, 2025, and describes 573 residential and 13 commercial customers billed directly by the Township.
$6,413,591salaries and benefits in 2025, against $5,525,654 in 2024
The audited statements show salaries and benefits of $6,413,591 in 2025, against $5,525,654 in 2024 and a budget of $5,956,048. The Township's staffing table shows 41.5 full-time and 12 part-time staff in 2024 and 42 full-time and 11 part-time in 2025. The Township explains that total expenses rose 9% "primarily due to the adoption of an actuarial valuation for future employee benefits" and outside costs such as policing and insurance. That valuation moved the liability for future employee benefits from $4,091 to $307,000 and is shown as a cash-flow item of $302,909. Worked out by us, that is about a third of the $887,937 increase in salaries and benefits, if all of it was booked there (the statements do not say), and the rest is about a 10.6% rise. The 2025 report also lists a new collective agreement completed with the Township's union.
Why it matters
Pay and benefits are the largest cost the Township controls. A one-time accounting change can explain part of a jump, but the part that repeats every year is what shapes future tax increases.
It could be because…
The Township says a first actuarial valuation of future employee benefits explains the main part of the increase. That is an accounting entry, with no immediate cash outlay, according to the Township.
The Municipal Act allows post-employment benefits to be left out of a budget, so the budget would not have included it. The Township says this on the same pages.
A new collective agreement and the step increases it brings would raise pay across the board without adding staff.
The Township says protection services went over budget in 2025 because of increased emergency response activity and staffing-related costs.
Questions you could ask
How much of the 2025 salaries and benefits figure is the one-time catch-up in the future benefits liability, and what would the 2025 figure be without it?
What was the percentage increase in pay under the new collective agreement, and what does the 2026 budget assume for 2027?
How much of the personnel increase in the 2026 budget (7.9%) and the 2027 forecast (7.3%) comes from new positions rather than pay rates?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
The evidence
Note 11, Expenses by object: "Salaries and benefits" budget 5,956,048, actual 6,413,591, 2024 actual 5,525,654. "Rents and financial" 15,551 (2024) to 65,792. Note 12: the Township's OMERS contributions were $795,964 in 2025 (2024 - $713,432).
"Total expenses in 2025 were $15.7 million, an increase of $1.4 million or 9%, primarily due to the adoption of an actuarial valuation for future employee benefits and, an increase in external factors such as policing and insurance."
Table 1, staff complement: 2024 "41.5FT / 12PT" in total and 2025 "42FT / 11PT". The 2025 Accomplishments list "Completed negotiations with CUPE for a new CUPE Collective Agreement". The Township notes that the Municipal Act allows post-employment benefits to be excluded from the budget so long as Council is informed.
Hamilton spent $332K on water, sewers and garbage in 2019 and $788K in 2025. Prices only went up about 21% in that time.
Why did the cost of water, sewers and garbage grow 137% in 6 years?
Water, sewers and garbage
Prices (inflation)
+0%+50%+100%+150%
+137%
2019202020212022202320242025
Show as a table
Year
Water, sewers and garbage
Prices (inflation)
2019
+0%
+0%
2020
+38%
+1%
2021
+82%
+4%
2022
+71%
+11%
2023
+73%
+16%
2024
+114%
+18%
2025
+137%
+21%
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
Why it matters
When one area grows much faster than prices, it is either doing more (which may be great) or paying more for the same thing. Residents deserve to know which.
It could be because…
The town added a service, a building or staff that residents asked for.
Costs were moved from another area, so the total did not really change.
Accounting rules changed how costs are sorted.
Large one-time costs, like a study, lawsuit or repair, landed in one year.
Questions you could ask
What were the main reasons water operating costs rose from 2019 to 2025: staff, treatment, testing or repairs?
How much of the cost is paid from water bills and how much from property taxes?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
The audited statements show "Environmental services" expenses of 956,332 in 2025 (budget 939,725; 2024: 893,105). Note 16 says "The environmental function is responsible for providing water services to certain areas of the Township." So this growth is the cost of the Township's water systems. The figure in the provincial return for the same function differs from this audited line, and we did not reconcile the two.
Water Pressure Sheet, "Personnel": 280,015 (2023 actual), 310,169 (2024 actual), 343,217 (2025 preliminary actual), 406,300 (2025 budget) and 430,800 (2026 draft before a further 98,000 for staffing). The budget describes vacancies, expected retirements and the need to pay market wages for licensed operators.
Schedule of Segment Disclosure, 2025: the environmental segment (water) shows "User charges" of 703,353 out of the Township's total of 1,966,126, and "Property taxation" of 245,500.
$440,225annual surplus in 2025, against a budgeted $17,600
A surplus is what is left when a year's revenue is more than its spending. The audited statements show an annual surplus of $440,225 for 2025 against a budget of $17,600 (and $373,707 in 2024). Total revenue was $16,132,209 against a budget of $15,694,020. Investment income was $319,178 against a budget of $126,757, and penalties and interest on taxes were $270,169 against $200,000. The Township explains both: more cash on hand and better timing of investments, and more late payments. Some money also came in lower than budgeted, such as provincial funding and the Canada Community-Building Fund. Investment income also fell from $499,112 in 2024.
Why it matters
A budget is the promise made to taxpayers about what the year will cost. When the result is better than the promise by this much, the question is whether the budget is set cautiously on purpose, and where the extra money went. Here it seems to have gone to reserves, which rose.
It could be because…
The Township says the budget in the statements is adjusted to the accounting basis, with capital purchases, amortization and reserve transfers changed. The reconciliation in the statements shows the Council-approved budget was balanced at nil.
The surplus largely became reserves: total reserves rose from 9,008,417 to 10,570,739.
Closed capital projects finished with a combined $460,015 less spent than budgeted, which the Township reports as a net surplus from the approved capital budget.
Budgeting investment income low on purpose is a common and cautious choice.
Questions you could ask
How much of the $440,225 surplus was transferred to reserves, and which reserves?
How does the 2026 budget set investment income, given $319,178 in 2025 and $499,112 in 2024?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Hamilton?Send us your answer and we will publish it with this question.
The evidence
Statement of Operations and Accumulated Surplus, 2025: "ANNUAL SURPLUS" budget 17,600, actual 440,225, 2024 actual 373,707; "TOTAL REVENUES" budget 15,694,020, actual 16,132,209, 2024 actual 14,659,075; "TOTAL EXPENSES" budget 15,676,420, actual 15,691,984.
Table 7, Revenue Sources: Investment income budget 126,757, actual 319,178 (2024: 499,112); Penalties and interest on taxes 200,000 and 270,169; Province of Ontario 1,413,980 and 1,234,425; Canada Community-Building Fund earned 821,183 and 656,451. The Township says investment income "exceeded the budget by $192k due to increased cash balances maintained throughout the year, and the strategic timing of investments".
Table 6, reconciliation of Council's approved budget to the annual surplus: Council-approved total budget of nil, plus TCA Purchases 2,737,032, Amortization (3,215,031), Transfer To (from) Reserves 462,860, Changes in Unfunded Capital 18,656 and Changes in Hydrant Surplus 14,083, giving an annual surplus budget of 17,600. Table 9: "Total 2025 Closed Projects" budget 2,410,438, actual 1,950,423, surplus 460,015.
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