Please note: Minister Jamie Fox has extended all Municipal Government Act administrative deadlines until further notice. This includes the requirement for a public meeting in respect of the financial plan, adoption of the financial plan by council, and submission of the financial plan to the Minister.
The deadline for council to adopt a complete financial plan for the upcoming fiscal year (April 1, 2020 – March 31, 2021) is March 31, 20202.
The financial plan must include:
- operating budget
- capital budget
- a five-year capital expenditure plan that includes an asset management program
Each municipality is required to hold a public meeting about the Financial Plan not less than 2 weeks prior to its adoption.