The Region’s budget is a financial plan that outlines the money the Region will raise and spend within a year. It is the plan that aligns the Region’s strategic priorities with the services we deliver to residents every day. It also directs what infrastructure will be purchased, constructed and repaired.
The operating budget covers the day-to-day expenses required to deliver services to residents. These costs return year after year and include items like staff wages, office supplies and utilities. The Region prepares and manages the operating budget as follows:
The capital budget is used for long term investments like infrastructure and facilities, that are paid off over time. Road repairs, machinery, and maintenance of water treatment plants are all capital expenses.
Watch this video to learn more.