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Financial Reporting and Budgets

The Town of Claresholm does its best to strike a balance between providing services and maintaining facilities for the residents and businesses of our community while maintaining reasonable tax, utility and user rates. Annually, the Town prepares operating and capital budgets to help plan for our future. 

We also regularly report on our past, to inform the public on how their money is being spent. This reporting is in the form of monthly financial reports to Council as well as annual audited financial statements. If you have any questions regarding the Town’s budgets or financial reporting feel free to contact the Town’s Director of Corporate Services via e-mail or by phone at 403.625.3381.

Budgets

The Town has an estimated $6 million annual operating budget. This is funded by approximately $3 million in property taxes, another $2 million in utilities and user fees, and $1 million in grants, facility rentals, permits and licenses, investment income, etc.

Capital infrastructure and facilities are funded through various sources including Federal and Provincial grants, operational surpluses, developer contributions, community contributions and donations.

The 2019 Operational and Capital Budgets were approved at the May 13, 2019 regular Town Council meeting. Prior year budget documents are also available at the bottom of the page.

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Download2019 Budget Summary


The Municipal Government Act (MGA) now requires municipalities to prepare a written plan respecting its anticipated financial operations over the next 3 financial years and its anticipated capital property additions over the next 5 financial years. These plans must consider not only expenditures but also how such expenditures will be funded, and the plans must be reviewed and updated annually. The following documents are the Town's approved 2020-2022 Financial Plan and 2020-2024 Capital Plan approved by Council on February 11, 2019.

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Download2020-2022 Financial Plan

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Download2020-2024 Capital Plan


Below are prior year budget documents.

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DownloadBudget Highlights 2018

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DownloadBudget, 2018

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DownloadBudget, 2017