Budgets
Municipal finance is about the revenues and expenses of municipalities. Revenues are secured from local taxes and other local revenues and from provincial and federal grants. Below you will find the budgets for the past few years.
A budget is a plan for all revenues and expenses for the Township of Ramara.
2025 Municipal Budget
At the November 25 Special Council meeting, the Council adopted its 2025 budget with a 5.14% increase on the municipal portion of the tax rate, equating to an extra 30.65 per $100,000 assessment value. This year, the budget reflects the investment in Ramara’s core infrastructure, including roads, water, and wastewater, with 12.9 million allocated to capital projects.
Frequently Asked Questions
What is a municipal budget? |
| The municipal budget prioritizes projects, programs and service levels based on anticipated revenues and expenses for the next calendar year. Essentially, the budget is a carefully prepared document to which outlines spending allowances while ensuring there are adequate funds available to support the municipal services for the community. |
What are the two major components of a budget? |
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Within the municipal budget, there are two major components:
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How do we Balance the Budget? |
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The Township is required by provincial law to balance its operating and capital budgets each year. Simply put, the money raised must balance the money spent. To balance the budget, the Township can do the following:
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What is an Operating budget? |
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Money is raised in two streams:
Money is spent on the day-to-day expenses for program and service delivery including township road & sidewalk maintenance, recreation, library, parks, trails and fire services. |
What is a Capital budget? |
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Money is raised through a combination of property taxes, development charges, grants and reserves. The Township's Capital Budget must plan for the following year while preparing for long term investments. All Township of Ramara infrastructure projects are funded through the Capital Budget. A large part of that funding is directed toward maintaining and rehabilitating existing infrastructure. The Township's Capital Budget also prepares spending for new projects that will enrich lives and make your city a better place to live and do business. The Capital Budget pays for new facilities, playgrounds, and infrastructure to support a growing township. Money is spent on projects designed to create, enhance or restore the service potential of the Township's significant network of assets, which include infrastructure (roads, bridges, buildings etc.), land, equipment and vehicles. |
View Past Budgets
| View Past Budgets | View Budget Highlights |
|---|---|
| 2024 Budget Highlights | |
| 2023 Budget Highlights | |
| 2022 Budget Highlights | |
| 2021 Budget Highlights | |
Capital Plan
A 10-year capital plan ensures that the Township of Ramara plans, budgets, and maintains assets to maximize asset lifecycles and ensures efficient use of available budgets. The plan is typically updated yearly based on information such as condition assessment data, risk assessments and other studies and plans. The 10-year capital plan can change based on council decisions and budget availability. Also, prices are subject to change due to inflation and costs.
Infrastructure (Roads) 10 Year Capital Plan
Infrastructure (Water/Wastewater) 10 Year Capital Plan
Financial Statements
- 2023 Financial Statements
- 2022 Financial Statements
- 2021 Financial Statements
- 2020 Financial Statements
- 2019 Financial Statements
- 2018 Financial Statements
- 2017 Financial Statements
- 2016 Financial Statements
Accounts Payable
The Township of Ramara offers payments to vendors (corporate or individual) via direct deposit into a bank account. A vendor can sign up using the vendor direct deposit forms.
Contact Us
Manon Higgins
Director of Finance/Treasurer
2297 Highway 12, PO Box 130, Brechin, ON, L0K 1B0
T. 705-484-5374 ext. 295
E-mail this contact
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