The County is required under the Municipal Government Act (MGA) to approve both an Operating and Capital Budget that is balanced and fully funded.
The budget serves as a policy document, financial plan, operations guide, and communications device. The budget guides administration on the priorities of Council and determines the total amount of taxes to be levied on residents and businesses of the community.
There are two components of the budget:
The Operating Budget outlines the plans for a municipality’s day-to-day operations and includes expenses such as salaries, materials, utilities, and maintenance of buildings and infrastructure.
The Capital Budget outlines the plans for the purchase and financing of major assets including infrastructure, lands, buildings, machinery, and equipment.
Like any household or business, the needs and wants within the County are often greater than what can be afforded. Each year, as part of the budget process, choices must be made that directly impact the level of services provided by the County. The annual budget takes into consideration competing priorities and challenges while striving to provide high-quality services for all Kneehill County citizens.