Budget and Business Plan
The Village’s Budget and Business Plan acts as the financial foundation to build and maintain infrastructure and deliver services available to the community.
Every year the Village develops and adopts a Budget and Business Plan to guide activities and expenditures, as well as establish the amount of revenue required from taxation. This key document is developed to ensure activities are aligned with strategic priorities. Roads, bridges, facilities, winter control, fire protection, recreation and a variety of other services are all funded based on the adoption of the Budget.
The Village’s Financial Statements include all assets, liabilities, equity, revenues and expenditures that are under its care and control. Financial Statements are audited yearly by a professional accounting firm to ensure that they provide an accurate presentation of the Corporation's financial position.
Financial reporting is completed to help with decision making and increase public accountability and transparency.
2018 Budget Overview
The Council for the Village of Burk’s Falls passed the 2018 Capital & Operating Budget on April 30, 2018.
The Budgeting process is a detailed and collaborative effort between all departments in your Municipal Government: Council, Treasury, Administration, Recreation & Public Works. A series of meetings are held between these departments to formulate and prepare a draft budget for Council’s consideration. Public meetings were held and directives from Council communicated to finalize the budget based on these Public meetings. A final budget is then presented to Council and passed via by-law.