Budget and Finances | Township of Stone Mills

The Municipality develops annual operating budgets to pay for a wide range of municipal services:

General Government - Finance, Clerks, Council, Elections
Protection Services - Fire, Police, Conservation Authority, Building Inspection, By-law Enforcement, Animal Control, Livestock Compensation, Fence Viewing.
Transportation Services - Roads Administration, Vehicle & Equipment, Construction, Street Lights.
Environmental Services - Newburgh - Camden East - Sheffield - Moscow Waste Landfill Disposal & Recycling
Recreational & Cultural Services - Parks, Programs, Recreational Centre, Community Halls.
Planning & Development - Minor Variances, Severances, Zoning, Plan of Subdivision/Condos.

The Municipality also prepares multi-year capital budgets which fund capital infrastructure replacement and renewal as determined by Council.

The annual operating/capital budgets determines the revenues generated for property taxation which are then used to set final tax rates.

2025 Budget and Resources

The municipal budget is a vital policy and planning document that outlines the priorities for our community's services, programs, and infrastructure. Developing the annual budget requires balancing the often-competing needs of providing quality services our residents expect with what is financially sustainable.

Annually, municipal staff submit a draft preliminary budget to gather public input. It is categorized into two sections: the operations budget, which addresses daily services, and the capital budget, which invests in major infrastructure and long-term initiatives. With insights from Township of Stone Mills residents, local businesses and Staff, the Reeve and Council decide which services, programs, and infrastructure projects will make it into the final budget.

The 2025 Draft Budget was presented to Council on the following dates:

Monday, March 10 – Committee of the Whole Budget Meeting
Monday, March 17- Public Meeting at Regular Council
Monday, April 7 - Adoption of Budget

At the Regular Council meeting of Monday April 7, 2025 the 2025 Budget was adopted by Council.

The full agenda package for the Budget meeting can be viewed here. Budget documents are also available below.

Municipal Budgets

2024 Budget

2023 Budget

Financial Statements

Consolidated Financial Statements

2022 Consolidated Financial Statements

2021 Consolidated Financial Statements

2020 Consolidated Financial Statements

Financial Information Return

The Ministry of Municipal Affairs and Housing mandates a very detailed financial report which is available on the Ministry's website. The Financial Information Return provides a standardized reporting of a municipality’s financial activities in the previous fiscal year (January to December).

Section 294 (1) of the Municipal Act states that the treasurer of a municipality shall in each year provide the Minister with a return containing information designated by the Minister with respect to the financial affairs of the municipality. This takes the form of the annual Financial Information Return (FIR)

Strategic Asset Management Policy Stone Mills 2019

A strategic asset management policy formalizes the Township’s commitment to asset management, aligns its asset management actions with strategic goals and objectives, and provides direction to guide Council, management and staff in carrying out its business strategies, plans and activities.

Strategic Asset Management Policy 2019

Asset Management Plan

The development of an asset management plan has been identified as a prerequisite for the receipt of funding from the Province of Ontario (the ‘Province’) under The Infrastructure for Jobs and Prosperity Act, 2015 (the “Act”). Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure (O.Reg. 588/17), establishes the requirement for Ontario municipalities to adopt asset management plans for core infrastructure (roads, bridges, water and wastewater management) by July 1, 2022.

Asset Management Plan 2022