Service Pricing Policy
| A guide for the pricing of municipal services to meet cost recovery targets. See
Municipal Budget 101 (Service Pricing Policy) for more details.
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Capital Assets
| Infrastructure, land, buildings, machinery, equipment and other items that provide long term benefits.
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| Infrastructure | Capital Assets that deliver essential public service to support commercial and residential activities (ie. roads, water and sewage systems)
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Operating Budget
| The annual plan for the purchase and financing of the Town's operations. It includes salaries, materials and supplies. After all revenues are matched (ie. user fees), the tax levy is used to balance the budget.
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Reserves/Reserve Funding
| An allocation of accumulated net revenue to set aside funds for future expenditures. See
Municipal Budget 101 (Reserves) for more details.
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Asset Replacement Fund (ARF)
| A reserve fund to finance the replacement of existing Capital Assets. See
Municipal Budget 101 (ARF) for more details.
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Capital Budget
| The annual plan for the purchase and financing of Capital Assets.
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Infrastructure Deficit
| The gap between what is required to maintain infrastructure and what funding is available.
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Public Sector Accounting Board (PSAB)
| The rules for Municipal Financial Statements.
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