The 2023 Municipal Operating and Capital Budget Process
Welcome to the Town of Cobourg's 2023 Municipal Operating and Capital Budget webpage! We've created this page to help our residents understand how the municipal budget works and how it impacts our community. For a quick review of our budget process please see our Five Step Process.
Town staff begin working on the budget over the summer months where each department manager reviews activities and plans for the year ahead. Each department is given a departmental budget and business plan template.
Town staff consider many factors while planning their budget, including:
- The past year's actual spending and if there is a need to adjust the operational budget
- Any new projects that require financing
- Potential new staffing requirements
- New equipment like trucks, computers, phones, tools, etc.
Departments then submit their preliminary budgets to Finance staff who compile and review the budgets and plans, make suggestions and revise accordingly. Managers and senior staff adjust their budgets according to the Town of Cobourg's financial health, debt, reserve, reserve funds and the Capital Asset Management Plan.
The Finance Department consolidates departmental requests which is than distributed to Council and senior staff for review. During that meeting, Council reviews the budget and ensures that it matches Council priorities. Amendments are made by Council to add, delete or modify the proposed budget. The final budget is then approved at the next Council meeting. From this tax rates are set and approved.
Work to determine the Cobourg's 2023 budget is underway. Please follow the updates and discussion on Engage Cobourg to learn more about how the Town of Cobourg determines its annual budget.
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Latest News & Information |
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PUBLIC NOTICE: Town of Cobourg Releases Draft 2023 Capital and Operating Budgets PUBLIC NOTICE: Divisional Budget Meeting to Begin At New Time on Thursday, January 26 (January 25, 2023) PUBLIC NOTICE: Council Approves Revised 2023 Operating and Capital Budget Meeting Schedule (January 10, 2023)
As staff begin to compile the draft 2023 budget, the Town is seeking to engage the taxpayers to help identify budget priorities for the coming year. The 2023 Operating and Capital Budget Community Engagement project will be broken down into two pieces:
Phase 1: Preliminary Engagement Results of the preliminary survey will be presented to Council in January, prior to the Divisional Budget Staff Presentation Meetings. These findings will therefore support Council’s decision-making during budget deliberation. Phase 2: Feedback on the Draft 2023 Budget
Visit EngageCobourg.ca, the Town of Cobourg Community Engagement Page to submit your feedback! Deadline for feedback on Phase 1 is January 3, 2023 |
| Approved 2023 Operating and Capital Budget Estimates |
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View the Final 2023 Municipal Operating and Capital Budget Estimates |
| Draft 2023 Operating and Capital Budget |
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View the Draft 2023 Operating and Capital Budget:
You may also view the Draft 2023 Divisional Budget Overview Presentation that was presented to Council on January 25th and 26th. This presentation provides a summary of budget recommendations, including operating and capital budget highlights, key budget drivers, operating and capital budget increases and reasonings as well as special projects for the 2023 year. |
| 2022 Municipal Operating and Capital Budget |
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View the 2022 Municipal Operating and Capital Budget:
Public engagement has now closed. View the Public Engagement Report here. |
| 2021 Municipal Operating and Capital Budget |
Council approved the 2021 Operating and Capital Budget during the Regular Council Meeting on Monday, February 1, 2021.
2021 Department Presentations:
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| 2020 Municipal Operating and Capital Budget |
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View the 2020 Municipal Operating & Capital Budget: |
| 2019 Municipal Operating and Capital Budget |
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View the 2019 Operating and Capital Budget's documents: |
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