Financials

FINANCIALS

What is a Capital Budget? 

The Capital Budget indicates the funds that will be required for first year and multi-year projects of the 10 year capital plan. It is how the municipality pays for projects such as reconstructing streets, building and improving public facilities such as recreation facilities, community centres, parks and firehalls; 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 municipal investment plan for the next 5 years, with inclusion of items expected to be required over that time. This is similar to one might 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 through out our community. 

Strategic Plan


The 2022 Strategic Plan will be citizen-focused and will promote sustainable development and active lifestyles. The Strategic Plan has 5 guiding principles., as listed below. To work towards these principles, the Village continues to invest in the community as the projects are prioritized in the Capital Budget.

Click HERE to view the 2022 Strategic and Quarterly Updates. 

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."


2022 Interim Budget and 2023-2026 Budget Forecast, 5 Year Capital Plan, 2022 Capital Budget and 10-30 Year Infrastructure/Capital Plan

The Village of Innisfree 2022 Interim Budget & 2023-2026 Forecast, 5 Year Capital Plan and 2022 Capital Budget will focus on sustainability, maintaining the long-term vision for the community and the needs and expectations of the residents. The focus is and continues to be, providing quality services and facilities for the Village residents. 

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