Financial Plan and Audited Financial Statements

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The Municipal Act requires council to adopt a financial plan for each year consisting of:

  1. an operating budget
  2. a capital budget
  3. an estimate of operating revenue and expenditures for the following years
  4. a five-year capital expenditure program.

The Municipal Act requires the auditor to report to council not later than June 30th in the year following the year for which the audit is prepared.