Finance and Budget

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The Financial Services Department is responsible for the financial and accounting matters of the Municipality. Services include taxation, water and wastewater billing, garbage and recycling billing, annual budgeting, asset management, procurement, and collections and investing.

All of the below reports are available in alternative formats - please contact us and we would be happy to assist you.

Asset Management
The Municipality of South Huron's infrastructure assets are key resources used to provide services to the public. All of these resources contribute to the local economy and improve the quality of life for residents. These assets include:
  • The delivery of a safe and efficient road network, that includes bridges, culverts, sidewalks and street lighting
  • Safe drinking water
  • Environmentally sound wastewater treatment
  • Efficient storm water management
  • Safe recreational facilities

An Asset Management Plan helps the Municipality make the best possible decisions regarding the construction, operation, maintenance, renewal, replacement, expansion and disposal of infrastructure assets while minimizing risk and cost to taxpayers and maximizing service delivery. 

Asset Management Policy

The Municipality's Asset Management Policy outlines the commitment for establishing the framework for asset management at the Municipality of South Huron and and communicates South Huron's leadership, responsibility and duty with regards to asset management to its managers, employees and stakeholders. 

Budget

The 2020 Budget was adopted by By-Law #94-2019 at the December 16, 2019 Regular Council Meeting. The 2020 Budget was deliberated by Council at their September 25, 2019,  November 6, 2019November 27, 2019, and December 9, 2019 meetings. You can view the budget information that went to Council as part of their meeting agenda by clicking on the meeting date. To view 2020 Budget information please see our 2020 Budget Reports and 2020 Budget Adoption Presentation

The Municipality of South Huron prepares an annual budget that is approved by Council. The annual budget allocates resources to public services and projects and balances the resources drawn from the community against the demands for services and projects, while keeping municipal taxes and user fees within acceptable limits and ensuring that services are sufficient. The budget covers the entire municipality's operational areas, including building and development services, cemeteries, emergency services, recreation services, transportation, water, wastewater, storm sewer and solid waste.

Each year the South Huron council approves a budget that is made up of the following:

  • Operating - The revenue in this budget is primarily from property taxes and user fees. The budget covers the day to day expenses of the Municipality for municipal services and programs. Some examples are road maintenance and repairs, snow removal, community services and programming, by-law enforcement, and fire and police services.
  • Capital - The revenue in this budget can be from property taxes, reserves, development charges, debt, grants and co-share with others, such as the county or developers. The capital budget is a multi-year financial plan that provides for the construction of new assets or rehabilitates existing ones, including roads, sewers, watermains, bridges, fleet replacements and more. The capital budget includes future financial resources required to finance capital projects.

To learn more about the South Huron budget please view our Budget Basics document

Financial Reports

The Municipality's financial statements include all assets, liabilities, equity, revenues and expenditures that are under its care and control. Financial statements are audited yearly by a professional accounting firm to ensure that they provide an accurate presentation of the Municipality's financial position.

Financial reporting is completed to help with decision making and increase public accountability and transparency. Financial Statements are an important tool for Council and administration to use to report to the taxpayers on the municipal services provided with the resources at their disposal.

 

2018 Planning Act Fees - Treasurer's Annual Statement

2018 Development Charges - Treasurer's Annual Statement

Annual Audited Financial Statements

2018 Financial Statements

2017 Financial Statements

2016 Financial Statements

2015 Financial Statements

Financial Information Return (FIR)

2018 Financial Information Return

2017 Financial Information Return

2016 Financial Information Return

2015 Financial Information Return

Taxes

Each year, the Municipality of South Huron adopts the annual budget to levy and collect taxes for various purposes. The Municipality establishes tax rates for local municipal services, and also collects taxes for the upper tier County of Huron and the four local school boards. The authority governing the municipal tax process is the Municipal Act, S.O. 2001.

Contact(s)

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© 2018 The Municipality of South Huron, 322 Main Street South P.O. Box 759 Exeter, ON N0M 1S6