FINANCE

This Department has overall responsibility for the Municipality's financial activities including accounting, tax billing and collection, budgets, financial reporting, investments, banking, insurance and risk management. The primary function of the Township of Armour’s finance department is to provide financial management information to Council, municipal staff, the public and other governments.

Clerk/Treasurer Administrator: John Theriault

705-382-3332 Ext. 106

treasurer@armourtownship.ca

THE ABC'S OF MUNICIPAL BUDGETING

Each year the Township follows a similar process when it comes to the overall planning for the budget. That being said, the Township is always looking for new and innovative ways to engage our residents in the municipal budget.

Here are the general steps that are taken when formulating the Municipality's budget:

The operating budget is the plan for the day-to-day operations at the Township including salaries, materials and supplies. The operating budget is largely funded by tax dollars.

The capital budget is the annual plan for the purchase and financing of the Township's capital assets. Capital assets include infrastructure, lands, buildings, machinery and equipment.

2019 Budget and Explanations

2020 Budget and Explanations

2021 Budget and Explanations

2022 Budget and Explanations

2023 Budget and Explanations

2024 Budget and Explanations

ASSET MANAGEMENT

This Asset Management Plan is intended to describe the infrastructure owned, operated, and maintained by the Township of Armour to support its core services. The document identifies what has been achieved, what is being done and what needs to be done to ensure core services provided to citizens, business, and institutions attain sustainability.

Asset Management Plan Financing & Inventory

Asset Management Plan

STRATEGIC ASSET MANAGEMENT POLICY

Under Ontario Regulation 588/17 (Asset Management Planning for Municipal Infrastructure), Council is required to approve a Strategic Asset Management Policy by July 1, 2019. Subsequently, the Strategic Asset Management Policy must be reviewed and, if necessary, updated at least every five years afterwards.

The Strategic Asset Management Policy is the first requirement in a staged process for compliance with O.Reg. 588/17.

The Municipality is responsible for providing a range of essential services to the community, including transportation networks, storm water management and flood control, recreational opportunities, and administrative functions. To deliver these services, it owns and manages a diverse municipal infrastructure asset portfolio of roads, bridges and culverts, facilities, and assorted supporting fleet vehicles and equipment and machinery. As the social, economic, and environmental wellbeing of the community depends on the reliable performance of these municipal infrastructure assets it is critical to implement a systematic, sustainable approach to their management.

Strategic Asset Management Policy