What municipal revenue sources are used to fund municipal expenditures?

Provincial legislation states that money coming into a municipality must equal money going out (i.e. revenues equal expenditures). Therefore, each budget adopted by North Perth Council must be balanced.

As shared in our column on the steps to building the budget, one of the first activities of the budget process is to estimate each Department’s (or service area) expenditures and revenues for the coming year. In addition to property tax, there are various types of revenue that fund operating and capital expenditures.

For example, the 2018 Operating and Capital Budget was funded through these revenue sources:

What types of services are funded by user fees/cost recovery?

Fully funded services include the Building Department, North Perth-Spinrite Child & Family Centre (with stabilization funding from the Ministry of Education Consolidated Service Manager) and municipal water and sewer services. Partially funded services include landfill, cemeteries and recreation.

What is segregated surplus?

Segregated surplus is another word used for reserves and reserve funds. Similar to a savings account, reserve and reserve funds receive regular (annual) contributions as part of the budget process. They are a critical component of the Municipality's long-range financial plan as they strengthen our financial sustainability and provide funding for capital projects/infrastructure.

Did you know that commercial properties in Listowel pay into the BIA Levy?

The Business Improvement Area (BIA) Levy is paid into by commercial properties within the Listowel business improvement area designation. The Listowel BIA’s main purpose is to foster a thriving business community. The BIA Board includes representatives from the business community, property owners, Municipal Staff and Municipal Council. Some key activities of the Listowel BIA include maintaining the Listowel entrance signs, holiday decorations, downtown planters and hanging baskets, retail promotion and initiatives/events such as the 2018 “Win This Space” competition.