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Budgets and Financials

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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 and 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. 
  • January 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

2020 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.

Contact Us

© 2017 City of Woodstock P.O. Box 1539, 500 Dundas Street, Woodstock, ON N4S 0A7

 

Phone: 519-539-1291
Email: General Information

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