Roads and snow
$2.7MFixing and paving roads, bridges and culverts, ploughing snow, and street lights.
+35% since 2019 (prices rose 18%)
Not the full picture. Built from public records, which leave things out.Read by hand, Oct 2026Details
This is built from public records, which leave a lot out, and some of it may be wrong or out of date.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 youRead by hand. We read Lake of Bays'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.
The money · 2024
How Lake of Bays' money works
A town is a bit like a household. Money comes in (mostly taxes and grants), and money goes out to pay for services like roads, fire trucks and the arena. Here is what that looked like in 2024, the latest year the town has reported to the Province.
Why 2024 and not this year? A budget is a plan. These figures are what actually happened, checked by an auditor and reported to Ontario. The 2025 report is not out yet.
Money in: $12.3M
Where the town's money came from in 2024.
What each source means
- Property taxes
- What home and business owners pay each year, based on what their property is worth.
- Money from Ontario (no strings)
- A yearly grant from the Province that the town can spend on anything. Small rural towns get more.
- Grants for specific projects
- Money from Ontario or Canada that must be spent on a certain thing, often a road or building.
- Fees people pay
- Water and sewer bills, dump fees, arena rentals, permits and similar charges.
- Licences and rent
- Dog tags, licences, and rent from town-owned property.
- Other
- Interest earned, donations, sales of land and equipment.
Money out: $10.1M on services
Day-to-day spending in 2024, by service. On top of this, the town recorded $2.2M of "wear and tear" on things it owns. That is an accounting cost, not cash out the door, so it is left out here.
Running the town office
$2.5MCouncil, managers, the clerk, accounting, computers, insurance and the town hall itself. Every town needs some of this, but it does not fix a road or put out a fire.
+74% since 2019 (prices rose 18%)
Police, fire and safety
$2.1MPaying for police, the fire department, building inspectors and by-law officers.
+74% since 2019 (prices rose 18%)
Parks, arena and library
$1.5MParks, the arena, the pool, sports fields, programs and the library.
+50% since 2019 (prices rose 18%)
Planning and business
$1.1MDeciding what can be built where, and trying to bring businesses and visitors to town.
+90% since 2019 (prices rose 18%)
Health
$72,989Public health, ambulances and cemeteries.
+27% since 2019 (prices rose 18%)
Water, sewers and garbage
$7,537Clean tap water, the sewer system, garbage pickup, the dump and recycling.
−21% since 2019 (prices rose 18%)
What the money bought
The same 2024 spending, sorted by what it paid for rather than which service.
Staff
People on the town's payroll at the end of each year, as reported to the Province.
| Year | Full-time | Part-time | Seasonal |
|---|---|---|---|
| 2019 | 31.6 | 61 | 2 |
| 2020 | 30 | 60.5 | 1.5 |
| 2021 | 32 | 53.5 | 2 |
| 2022 | 38 | 52.5 | 0 |
| 2023 | 42 | 10 | 6 |
| 2024 | 43 | 10 | 8 |
In 2022, full-time staff jumped from 32 to 38 while part-time dropped from 53.5 to 52.5. The total barely changed, so this looks like a change in how jobs were counted or set up, not a hiring spree. Staff pay rose only 2% that year.
How things have changed since 2019
Money in compared with day-to-day spending, each year. When the orange line is above the blue one, the town spent more than it took in and made up the difference from savings or loans. Grants for big projects arrive in some years and not others, which makes "money in" jump around.
$12.3M
Show as a table
| Year | Money in | Day-to-day spending |
|---|---|---|
| 2019 | $9.1M | $6.4M |
| 2020 | $9.3M | $6.5M |
| 2021 | $10.4M | $7.6M |
| 2022 | $10.5M | $8.1M |
| 2023 | $11.9M | $9.6M |
| 2024 | $12.3M | $10.1M |
Town property tax
Up 28% since 2019. Prices rose 18%.
$7.2M
Show as a table
| Year | Town property tax |
|---|---|
| 2019 | $5.6M |
| 2020 | $5.7M |
| 2021 | $5.8M |
| 2022 | $6.0M |
| 2023 | $6.5M |
| 2024 | $7.2M |
Savings (reserves)
Money set aside for repairs, equipment and emergencies.
$4.1M
Show as a table
| Year | Savings |
|---|---|
| 2019 | $2.1M |
| 2020 | $2.9M |
| 2021 | $4.2M |
| 2022 | $3.4M |
| 2023 | $3.9M |
| 2024 | $4.1M |
What the town owes
Long-term loans plus short-term (temporary) loans at year end.
$0
Show as a table
| Year | Long-term loans | Temporary loans |
|---|---|---|
| 2019 | $1.6M | $0 |
| 2020 | $1.3M | $0 |
| 2021 | $875K | $0 |
| 2022 | $529K | $0 |
| 2023 | $0 | $0 |
| 2024 | $0 | $9,924 |
Building new things
Spending on new or rebuilt roads, pipes, buildings and equipment, compared with how fast existing ones wear out.
$2.4M
Show as a table
| Year | Built or bought | Wore out (amortization) |
|---|---|---|
| 2019 | $3.4M | $1.8M |
| 2020 | $1.5M | $1.9M |
| 2021 | $1.2M | $1.9M |
| 2022 | $3.2M | $2.1M |
| 2023 | $3.4M | $2.2M |
| 2024 | $2.4M | $2.2M |
Source: Ontario Financial Information Return (FIR), Schedules 10, 40, 51, 60, 70, 74 and 80 (archived copy). Ontario Ministry of Municipal Affairs and Housing. Retrieved 2026-10-01. Figures are what the municipality reported to the Province for each year, prepared on the same basis as its audited financial statements.