Website Feedback

Budget and Finance

 2019-2021 budget update showing surplus of $3 in 2019 and $3.2 shorfall in 2020

At the June 9 Committee of the Whole meeting, Council received a presentation from Jennifer Stover, Director of Corporate Services, about the financial position of the municipality in light of the COVID-19 pandemic.

2019 Surplus

In advance of the annual audit, which had a delayed start of June 1 due to the pandemic, an approximate surplus of $3 million is forecast for 2019. Following the audit report, which will come to Council in September, Council will decide how to allocate the surplus.

COVID-19 impact on 2020

With the deferral of property taxes from April to June, cancellation of recreation programming and facility rentals, the municipality is facing a $3.2 million shortfall. Cash flow has been maintained in the short term by containing expenses, drawing down on investment income, and deferral of certain Capital projects. Download the report "Update of 2019 year end, 2020 forecast, and 2021 Budget". This download includes details on all capital projects continuing, deferred to fall 2020 and deferred to 2021.

2021 Budget

In order to understand the full impact of the pandemic on the municipal budget, Council will discuss capital projects and hear agency and board budgets in the latter part of 2020, with deliberations taking place in the New Year.

“There are still many unknowns that will affect our finances such as the future curve of the pandemic and funding from other levels of government. We also have to factor in residents’ ability to pay taxes, resume recreational activities and other aspects of the ‘new normal’. We’ll continue to be agile and keep a close eye on all variables,” commented Stover.

 2020 Budget background presentations and meetings

DateAction
June 11, 2019

Presentation to Council of financial matters

September 17 and 18, 2019

2020 Budget presentation and Department Overview to Council

October 29, 2019

Agency and Board presentation to Council (agenda, minutes and livestream)

 

Council hears agencies and boards' budget requests

November 1, 2019 Proposed 2020 Budget and Business Plan
November 13, 2019

Special Council Budget Meeting - 7pm, Fenelon Falls Community Centre, 27 Veterans Way

2020 Budget and Business Plan Special Council Presentation


Press release - Public comments support Active Transportation Planning

November 26, 9am and 27, 2019, 1 pm (if needed)

Capital Budget Deliberations/Approval


Press release: Kawartha Lakes Council approves Capital Budget to invest in community's immediate and future needs

December 3, 1pm and December 5, 9am (if needed)

Operating Budget Deliberations/Approval

 

Presentation

 

 Mayor Letham on the 2019 Adopted Budget, Global TV
 
 2019 Budget and Business Plan
 

Download the 2019 Budget and Business Plan
2018 Budget and Business Plan


Download the 2018 Budget and Business Plan

Asset Management Plan

10 Year Financial Plan 2018-2027

 

Visit the Taxes page for information on property taxes, rebates, fees, payment options and more.

View the Council and Committee Calendar for information about upcoming meetings.

Subscribe to News to stay informed.

Contact Us