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 a Revenue Fund (or Operating) Budget.
2024 Capital 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.
An overview of the 2024 Capital Budget and 2025-2028 Capital Forecast Plan will be presented to Council on Thursday, Nov. 16, 2023. Staff will then present details of the proposed capital budget to Council on Tuesday, Nov. 21 with a second meeting scheduled on Thursday, Nov. 23 (if required). The final draft of the proposed 2024 Capital Budget is scheduled for approval at the Dec. 14, 2023 Council meeting.
2024 Revenue Budget
The Revenue 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.
The following is the schedule for Council's consideration of the 2024 Revenue Budget:
| Date | Details |
|---|---|
| Thursday, Feb. 15, 2024 | Revenue Budget Overview |
|
Tuesday, Feb. 20, 2024 and Thursday, Feb. 22, 2024 |
Revenue Budget Review |
| Tuesday, Feb. 27, 2024 | Additional meeting if required |
| Thursday, March 7, 2024 | Police Board, Library Board and Woodstock Art Gallery Board Budget Overview |
| Thursday, March 21, 2024 | Scheduled Final Budget Motions and Approval |
Past Budgets
2023 Budget
| 2023 Budget Documents |
|
Please contact 519-539-1291 if you require an accessible version. |
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 |
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.
