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The Municipal Act of Ontario requires the Counties Council to establish estimates of its expenditures each year. This requirement is satisfied through a budget process which results in the establishment of current annual expenditures and capital expenditure requirements. The process is led by the Governance and Finance Committee and is initiated in the fall of each year. The budget process culminates with an approved budget and a County levy against each local municipality in the form of County tax rates on the various classes of property. Formal reporting of expenditures against budget is done on an ongoing basis to prevent budget overruns and to ensure accountability.
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