Budgets and Financials
Each year, a variety of budgetary decisions need to be made to balance the needs within the City of Woodstock. These choices are made with an eye towards the long term sustainability of the municipality's services and infrastructure, while also evaluating the short term needs of our residents and industry.
The City of Woodstock's budget is divided into two segments, a Capital and an Operating Budget. The Capital budget funds the purchase and rehabilitation or upgrades to large city-owned assets including buildings, land and roads, as well as the purchase of equipment such as vehicles and machinery. The Operating Budget provides the funds needed to operate our city facilities an operations on an ongoing basis. Operating expenses include all expenses that are not capital expenditures including wages, supplies, licences and the procurement of equipment that is not significant enough to be considered a capital asset.
2023 Capital Budget
The preliminary 2023 Capital Budget and 2024-2027 Capital Forecast Plan have now been submitted for Council's consideration. The Capital Budget reflects staff's projection of the requirements to maintain the existing infrastructure and the needs to support a growing community. Projects proposed for capital funding are listed on a year by year basis, and financing recommendations are provided.
2023 Preliminary Capital Budget
Timeline
- Nov. 17, 2022: Capital Budget Preview - staff will present Council with an overview of the Capital Budget and review funding options. View staff's presentation to Council.
- Nov. 22, 2022: Capital Budget Review - Staff and Council will participate in a detailed review and discussion of Capital Budget at a special meeting of Council
- Dec. 15, 2022 - Council will direct staff as to what they would like to see included in the Final Capital Budget and Forecast Plan including any changes to the preliminary proposal.
- Jan. 12, 2023: Council Adoption of Final Capital Budget Bylaw - Staff will prepare the by-law for council's adoption at the January meeting, taking into consideration any changes brought forward at the Dec. 15, 2022 meeting,
2023 Operating Budget
Staff will present an overview of the 2023 Operating Budget at the Feb. 2, 2023 meeting of Council. Two special meetings will be held on Tuesday, Feb. 21 and Thursday, Feb. 23, to review the proposed 2023 Operating Budget in detail.
Past Budgets
2022 Budget
| 2022 Budget Documents |
|
2022 Budget Presentation - This document provides a high-level summary of the budget as presented to council 2022 Budget Notes - This document provides a summary of the City's budget as approved by council with additional notes to provide context. |
2021 Budget
| 2021 Budget Approval |
| 2021 Budget Approval Media Release |
| 2021 Revenue Budget Pre Portrait February 2021 |
| 2021 Revenue Budget Pre Portrait February 2021 |
| 2021 Preliminary Operating Budget |
| 2021 Preliminary Operating Budget |
| CAO Revenue Fund Budget Presentation Feb. 17, 2021 |
| CAO Revenue Fund Budget Presentation Feb. 17, 2021 |
| 2021 – 2025 Preliminary Capital Budget |
| 2021 – 2025 Preliminary Capital Budget |
2020 Operating Budget
The 2020 Revenue Fund Budget was approved by City Council on May 21, 2020.
| 2020 Revenue Fund Budget Approved by Council |
| 2020 Revenue Fund Budget |
| 2020 Budget Approval |
| 2020 Budget Approval |
| 2020 Preliminary Operating Budget |
| 2020 Preliminary Revenue Budget |
| 2020 Capital Budget and Forecast |
Financial Statements and Previous Budgets
City of Woodstock Financial Statements can be found on our Financial Statements page. If you are interested in viewing previous Capital Forecasts and Operating Budgets, please contact the Treasurer's office.
