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    Budget and Finance

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    Council approves the Township of Springwater's budget on an annual basis. The capital budget covers building and rebuilding things such as roads, municipal facilities, or buying new vehicles. The operating budget covers the daily expenses of delivering municipal services, such as salaries and wages, supplies and energy costs.

    2020 Budget

    Following Council’s direction, Township staff have prepared the proposed 2020 Budget & Business Plan.  The proposed Budget outlines how the Township allocates resources to deliver programs and services.  Council will deliberate the proposed budget at the following meetings:

    Schedule:

    November 20, 2019 – 6:30 p.m. – Proposed 2020 Budget & Business Plan presentation to Council and the public

    November 25, 2019 – 6:00 p.m. – Service Partner Presentations

    November 27, 2019 – 3:00 p.m. – Draft Operating Budget

    December 2, 2019 – 4:00 p.m. – Draft Operating Budget (continued)

    December 9, 2019 – 6:00 p.m. – New Initiatives, Capital Budget & Ten-year Capital Plan

    December 18, 2019 – 6:30 p.m. – Budget Approval (tentative)

    Follow along with the deliberations using the 2020 Budget Overview and the 2020 Capital Budget Presentation.

    The public is invited to attend all budget meetings or view the live stream online at www.springwater.ca/live

    2019 Budget

    View the 2019 Budget and Business Plan approved by Council on February 20, 2019. Watch the final budget discussion for more information.

    Tax change

    The blended tax increase is 1.76% over 2018 rates. For every tax dollar paid by Springwater property owners:

    • $0.40 goes to the Township
    • $0.34 goes to the County of Simcoe
    • $0.20 goes towards education
    • $0.06 goes to policing

    Tax impact

    Residents will see an increase of $67.18 over 2018 based on an average residential property valued at $451,393, or $14.88 per $100,000 of property assessment.

    Budget breakdown

    The Township's budget totals $40.7 million:

    • $20 million in operating expenses
    • $16.6 million in capital expenditures
    • $2.7 million in water operations
    • $1.4 million in wastewater operations

    Budget deliberations

    Council discussed the budget over a series of special budget meetings on:

    • January 16, 2019
    • January 30, 2019
    • February 4, 2019

    See the agenda for details and budget presentations.

    Supporting plans

    The Long Range Financial Plan guides growth management and financial sustainability over time. Our Asset Management Plan and Asset Management Policy help us anticipate infrastructure needs, building and other land improvements, and replacement of vehicles, machinery and equipment.

    Audited financial statements 

    Staff work with independent auditors to prepare audited financial statements. These reports examine our financial records and accompanying disclosures.

     Audited financial statements
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
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    © 2019 Township of Springwater
    2231 Nursery Road
    Minesing, ON L9X 1A8

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