Budgets & Financial Reports

Asset Management Plan

The Township is legislatively required by the Province to develop and maintain a plan for the management of municipal assets. To view the Asset Management Plan for the municipality, please click on the provided document. Should you have any questions in regard to the Asset Management Plan, please contact the Township’s office.

North Stormont Asset Management Plan 

Long Range Financial Plan

In 2018 the Township undertook the process to establish a Long Range Financial Plan.  As part of the Long Range Financial Plan a Financial Condition Assessment was also conducted. To review the documents, please select the documents below.

North Stormont Financial Condition Assessment 

North Stormont Long Range Financial Plan

Budgets

The municipality on an annual basis must provide an operational and capital budget. Each year the Administration and Council go through a lengthy process to establish the budget for the following year. The Administration begins the budget process in early fall, presenting a draft budget for early December.

2021 Operating and Capital Budget Package

2020 Operating and Capital Budget Package 

2019 Corporate Budget 

Adopted Budget 2018

Purchasing Policy

The Purchasing Policy directs the administration on the various methods for procuring goods and services.  Methods may vary based on the dollar value of the goods or services the Township is seeking to purchase.

Purchasing Policy 

Audited Financial Statements

Each year the Township goes through an annual audit process. To access the Audited Financial Statements, please see the documents below.

Audited Financial Statements 2020

Audited Financial Statements 2019

Audited Financial Statements 2018 

Audited Financial Statements 2017 

Reporting of Financial Information

The Municipal Performance Measurement Program (MPMP) was announced by the Minister of Municipal Affairs and Housing in October of 2000. It is designed to provide taxpayers with useful information on service delivery and municipalities with a tool to improve those services over time. The Financial Information Report is the main data collection tool used by the Ministry to collect financial and statistical information on municipalities.