Financials

FINANCIALS

What is a capital budget? 

The capital budget indicated the funds needed for first year and multi-year projects of the 10 year capital plan. It is how we pay for projects such as reconstructing streets;building and improving public facilities such as recreation facilities, community centre's, parks and firehall's; dealing with growth pressures such as new initiatives. These costs are similar to budgeting for an addition to your home this year.

What is a capital plan? 


The capital plan is our investment plan for the next 5 years, with inclusion of items expected to be required over that time. This is similar to your plan to purchase a new vehicle in two years or start home renovations in three years. Long term planning allows the Village to tailor projects to the changing needs of the community and manage finances. 

What is an operating budget?

The annual operating budget shows the day to day costs of delivering programs and services. The operating budget maintains the services, programs and infrastructure that supports the nearly 220 residents without our community. 

Strategic Plan


The 2019-2023 Strategic Plan will be citizen focused and will promote sustainable development and active lifestyles. The Strategic Plan has 5 guiding principles, as mentioned above. To work towards these principles, the Village continues to invest in our community as the projects are prioritized in the Capital Budget.

The Village is currently developing the 2019-2023 Strategic Plan and should be available by mid-July 2019.

Mission:

"Innisfree, a progressive community supported by local partnerships - committed to better living."

Guiding Principles:

1. TRUST is our mutual goal.
2. EFFICIENCY is the best use of our resources.
3. COLLABORATION is working together for a common goal.
4. INTEGRITY is acting with honesty.

Vision:

"Innisfree is a safe and healthy place to establish roots, promotes sustainable development and active lifestyles."


2019 Budget and 2020-2023 Forecast, 5 Year Capital Plan and 2019 Capital Budget

The Village of Innisfree's 2019 Budget & 2020-2023 Forecast, 5 Year Capital Plan and 2019 Capital Budget will focus on sustainability, maintaining our long-term vision for our community and the needs and expectations of our residents. Our focus is and continues to be, providing quality services and facilities for the Village residents. 

The Village recognizes the importance of sustainability, and our citizens's desire for fair and reasonable tax rates to support the Village.

 

The 2019 budget documents are available below: 


2019 Budget and 2020-2023 Forecast

5 Year Capital Plan

2019 Capital Plan

10 Year Infrastructure Plan