Budget & Finance

Please refer to the Asset Management page.

Municipalities and other public sector groups are required to report annually on energy use and greenhouse gas (GHG) emissions for buildings and facilities in which the agency conducts its operations, that are heated or cooled or are related to the treatment or pumping of water or sewage. The Township of Asphodel-Norwood's Energy Conservation and Demand Management Plan (ECDMP) will assist in managing and reducing energy consumption across Township facilities and operations.  

Fees and Charges for the Township of Asphodel-Norwood are passed by Municipal Council in the form of a By-law. The By-law is approved annually or when an update is required.   

The Financial Information Return (FIR) is a document that must be filed by every municipality in the province of Ontario annually. This is the annual municipal financial reporting to the Ministry of Municipal Affairs and Housing. Information filed in the municipal FIR is used for grant policy and allocation, setting annual repayment limits (a municipality's borrowing capacity) and much more. 

The Township of Asphodel-Norwood is audited annually by an independent auditing firm. The firm conducts on-site audits bi-annually prior to preparing the Consolidated Financial Statements for the Township that details the financial position of the Corporation.

2023 Financial Statements (387 KB)

The Finance Department ensures transparency and accountability in managing the Township’s finances through budgeting, accounting, and financial reporting. Each year, the Township prepares both an operating budget and a capital budget that outline the services, programs, and infrastructure projects planned for the year. These budgets also establish the annual tax rates required to fund municipal operations.

Developing the Municipal Budget is a multi-month process that includes opportunities for public input and notice of the date when Council intends to pass the budget.

If you have questions or feedback about the budget, please contact us.

Final 2025 Municipal Operating & Capital Budget presentation (PDF · 6.16 MB)

The Province dedicated 125 million to the Municipal Modernization Program to assist municipalities undertake expenditure and program reviews with the goal to find service delivery efficiencies and lower their costs long term. The Township of Asphodel-Norwood was successful in receiving $60,000.00 to fund a Line by Line Budget Review. 

The project's scope was a three-year budget review from 2017 to 2019 and did not include the Library or Cemetery. Together, consultants, staff and Council representatives identified areas of opportunities where budget methodologies could be enhanced to help achieve accurate forecasts and provide opportunities for reductions without compromising service deliveries.

For more information regarding property taxes, including rates, please refer to our Tax Department page. 

For more information regarding Water & Wastewater visit the Municipality's Water & Wastewater Department page.