Budget & Reporting
The Finance Department is responsible for the administration of the Township's budgetary process as well as reporting annually the Township's financial activity and health. The Township is also obligated by the Ontario Government to annually report its performance measures on services provided to residents.
There are two main components of the Township's budget: the operating budget and the capital budget. The operating budget pays for the day-to-day operations of the Township and funds such municipal services and programs to residents as snow removal, fire protection services, road maintenance and repair and parks, recreation, leisure services and programming. The Township's capital budget pays for municipal projects throughout the Township (roads, water, sewer, parks, fire stations, arenas, libraries, paking lots, fleet replacement, etc.). Depending on the size of the project, funds may be spent in one year or spread over several years.
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On an annual basis the Township is audited by an external accounting firm which verfies the financial matters related to the Township have been conducted in accordance with Public Sector Accounting Board standards. Once this process is completed the Township is then in a position to release annual audited statements in compliance with the Municipal Act. Please see the attached links to our audited statements.
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As required by the Ontario Government through the Municipal Performance Measures Program (MPMP) the Township must report certain performance data concerning Township services.
The Township reports on performance data in the following core services areas: Building (added in 2011), Sewer, Water, Roads, Fire, General Government, Land-Use Planning and Parks & Recreation. As a lower-tier municipality, Woolwich is required to report on only those services produced or delievered by the Township. Services such as Police, Transit, Solid Waste and Library Services are reported by the upper-tier, in this case, the Region of Waterloo. The measures and formulas used to determine the efficiency and effectiveness are established by the Province.
Click Here for the current Performance Measures.
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