Budget and Finance

A municipality’s budget is a detailed summary of money that is coming into the municipality and how that money is then spent during a specific period of time. Municipalities receive about 9% of all taxes collected but are responsible for over 50% of the infrastructure. There are two main components of a municipal budget: operating and capital. Operating is all the day-to-day activities of the corporation while capital pays for all the big investments in infrastructure under the municipality’s control such as roads, bridges and facilities.

To learn more about how the municipal budget process works, watch the video created, by the Municipal Finance Officer's Association of Ontario.

On January 16, 2024 Council passed the 2024 Operating and Capital Budget. Please refer to the 2025 Budget Summary and Budget Q and A document for further information.

Budgets by year

Financial Statements

The Township's financial statements are prepared in accordance with Canadian Public Sector Accounting Standards.

We maintain systems of internal accounting and administrative controls of high quality. These systems are designed to provide reasonable assurance that the financial information is relevant, reliable and accurate, and that the Township's assets are accounted for and protected.

Council reviews and approves the Township's financial statements submitted by the Auditor. Our current auditor is KPMG LLP.

Asset Management Plan

The Asset Management Plan is a key strategic tool for the municipality to mange it's long-term capital budget and funding requirements. The Plan can be found in the Plans Reports and Studies page on the website

Property Taxes

Property Tax information can be found on our Property Tax page.

Reserve Funds

Each year Council sets aside money to help reduce the need for debt to fund capital expenditures.

Council adopted a Reserve Fund Policy to provide guidance with respect to the development, maintenance and use of Township reserve funds.

Contact Us

Township of Leeds and the Thousand Islands
1233 Prince St., P.O. Box 280
Lansdowne, ON K0E 1L0
Phone: 613-659-2415
Toll Free: 1-866-220-2327

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