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Budget and Finance

2024 Budget and Business Plan

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Download 2024 Budget and Business Plan PDF - updated May 2024

2024 Budget Process
Date                  Action

October 17, 9am

Budget highlight presentations from departments
Agenda

Presentations
Budget Launch and Long-Term Financial Plan
Paramedic Services Department Presentation
Fire Services Department Presentation
Engineering and Corporate Assets Department Presentation

Global News Report: City of Kawartha Lakes budget could include higher tax levy 

October 31, 9am Budget highlight presentations from departments
Agenda

Presentations
Development Services Department Presentation
Public Works Department Presentation
Corporate Services Department Presentation
Community Services Department Presentation
Human Services Department Presentation

Press release - Kawartha Lakes readies for growth while maintaining affordability and sustainability
 
November 2, 2023, 9am
Agencies, Boards and Committees of Council will present their budgets to Council
Agenda

Press release - Council hears from Agencies and Boards on their proposed 2024 budgets
November 8, 7pm

Public Meeting, 7pm, public deputations will be heard at the meeting. Please read press release for more information on how to participate.

Press release - Council hosts evening meeting to hear from public on the Proposed 2024 Budget

Watch the meeting on YouTube

 

Formal presentations that requested budget funding have been advanced to the appropriate budget deliberation meeting: November 28 for Capital and Special Project Budget and December 5 for Operating Budget.

November 28, 9am

Capital and Special Project Budgets deliberation, continued on Nov 30 if necessary

Agenda

Download supporting documents: Additional agenda items including Questions and Answers from Council to Staff, Capital Budget Report


Watch the meeting on YouTube

 

Press release - Kawartha Lakes adopts 2024 Capital Budget; building for a sustainable future

December 5, 9am

Operating, Special Projects, Water and Wastewater budgets deliberation

Agenda

Download supporting documents: Merged Agenda Package including Question and Answers from Council to Staff, and budget reports
Question and Answer document, original Councillor questions

 

Watch the meeting on YouTube

Press release - Kawartha Lakes adopts 2024 Budget; a year of catch up and readying for growth

 

Final 2024 Budget and Business Plan published on website Jan 9, 2024 Final 2024 Budget and Business Plan published at the top of this page

2023 Budget and Business Plan

 

 

2023 Budget and Business Plan - download PDF

2022 Budget and Business Plan

2022 Budget and Business Plan - download PDF
Long-Term Financial Plan (2022-2031)

The first Long-Term Financial Plan was created in 2017 and was updated in 2022 for the next 10 year term.

The update reflects changes in costs, market conditions and City growth over the last five years. The plan consists of four strategies – revenue, reserves, people and debt.



Download a PDF of the Long-Term Financial Plan

Debt Strategy

At the April 5, 2022 Committee of the Whole meeting, Jennifer Stover, Director of Corporate Services presented to Council the progress to date on the strategies that will form the basis of the updated Long Term Financial Plan (LTFP).

The first Long Term Financial Plan was created in 2017 and is being updated to reflect changes in costs, market conditions and City growth over the last five years. Although the plan consists of four strategies – revenue, reserves, people and debt - Stover focused the bulk of the discussion with Council on the debt strategy.

Watch the presentation on You Tube and read the press release.

 Debt strategy cover page with image of downtown Lindsay


Debt limit set by Council

At the October 5, 2021 Committee of the Whole meeting (watch on You Tube), a preview of the Long Term Financial Plan was presented to Council. One of the recommendations was for Council to raise the debt ceiling for the City from 6.3 percent to 7.5 percent of total City revenue including taxes, grants and user fees.

At the October 19 Regular Council meeting, Council directed staff to return with options to incorporate a fixed debt ceiling. A report will come to Council later this year.

The debt ceiling for the City has moved from 6.3 percent to 7.5 percent of total City revenue including taxes, grants and user fees.


Plan update goes to Council

At the August 10, 2021 Special Council meeting, Council was presented an update on the municipality’s long-term financial plan. The presentation focused on the challenges with developing a financial plan that balances the City’s long term capital and operating needs while maintaining affordability to the taxpayer. Staff provided Council with an overview of the forecasted capital plan for the next ten years, including the redevelopment of Victoria Manor, the Lindsay Water Treatment Plan and expansion requirement for Kawartha Lakes housing.  

Recommendations to restrict debt and create a dedicated 1.5 percent capital levy were brought forward and received by Council to be included as resources to help inform and shape long term financial planning for 2022 to 2031. To learn more, download the Kawartha Lakes Long-Term Financial Plan report, watch the presentation on YouTube, or
download a PDF of the presentation.

2021 Budget



Download a PDF copy of the Adopted 2021 Budget and Business Plan
Consolidated Financial Statements

Please contact our Treasury department for accessible versions of these documents.

Asset Management Plan

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.

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