The City of Kenora is committed to keeping you informed about how we are managing and investing your tax dollars to provide quality services to meet the needs of our community.
To find out about public meetings when you can get involved in the budget discussions, view our news and notices and the meeting schedule.
As we prepared the City's 2024 budgets, we asked you to give us your thoughts on priorities and spending. View the Rethinking Budgeting survey results to learn more.
Budgets
View the 2023 Adopted budget for capital, operating and utilities.
Operating budget |
| The Operating Budget consists of the City services categorized in functions including a description, three year budget and actuals by major account categories, full-time equivalent, revenue and expense variance explanations, and sub services within the function. The Operating Budget Summary provides the total Tax Levy required and the corresponding Tax Levy Impact as a percentage of prior years’ Budgeted Tax Levy. The 2023 Operating Budget has total operating expenditures of $41.9 million including capital expenditures (tax supported amount), reserve appropriations and debt payments. Primary cost drivers accountable for the Net Tax Levy amount of $1.5 million increase from the 2022 adopted budget:
The City will require $30.079 million through general Tax Levy. Tax Levy is the City’s most significant funding source, representing 72% of combined operating revenues. View the Operating Budget starting on page 15 of the 2023 Adopted Budget report. |
Capital budget |
| The Capital Budget includes summary listing of 2022 Adopted, 2023 to 2027 capital listing by function and the capital project detail. The Capital Budget consists of a 2023 investment of $16.590 million and 5 year plan of $70.488 million. The Net Tax Levy allocation to capital is $1.079 million. Additional funding sources support the capital plan:
Reserves are utilized to stabilize and fund annual capital expenditures, the City has established a number of reserves and reserve funds for specific purposes. View the Capital Budget starting on page 33 of the 2023 Adopted Budget report. |
Transfers to external organizations |
| The City budget includes the functional costs with the external organizations representing the largest portion followed by Transportation and Recreation. External organizations are:
There are transfers to other external organizations, Kenora Handi‐Transit, Kenora Public Library, and The Muse (Lake of the Woods Museum and Douglas Family Arts Centre). The budget allocations are at the discretion of the City of Kenora. View the Net Program Cost and External Organizations on page 12 of the 2023 Adopted Budget report.
|
Utility budgets |
| Water and Sewer and Solid Waste utility operations do not form part of the overall City budgets, although they have been included with City operating and capital budget. The Utility operations are independent and self‐supported through user fees and do not impact the tax levy. View the Utility Budgets starting on page 29 of the 2023 Adopted Budget report. |
Budget principles
In developing and reviewing the budget for 2023, the City follows budgeting principles to guide overall spending. These principles are:
- Adhere to and uphold the guiding principles laid out in the City’s Strategic Plan;
- Ensure that the budget will maintain the long-term financial viability of the City;
- Provide financial forecast to allow for improved decision making while maintaining fiscal discipline and service delivery;
- Maintain the integrity of the reserves;
- Consider projects dependent on funding through the issuance of long term debt on a case by case basis to ensure that there is sufficient benefit to the taxpayer to justify approving those projects;
- Provide a comprehensive view of services and costs related to those services.
Previous budgets
View the previous budgets for capital, operating, water and wastewater, and solid waste.
Annual report and financial statements
Each year City staff prepare an annual report that includes the consolidated financial statements for council and for the citizens of the City of Kenora.
Past annual reports
Ministry of Municipal Affairs and Housing reports
The City of Kenora has a healthy financial position as reported by the Ministry of Municipal Affairs and Housing's review of the City's Financial Information Return. The Financial Information Return (FIR) is a set of reports submitted to the Province annually. The Financial Indicator Review uses key financial indicators to calculate the sustainability and flexibility of a municipality based on its FIR data. The Municipal Financial Profile is a financial and statistical snapshot from the past five years. Kenora continues to rate as low risk based on its 2017 Financial Information Return as filed with the Province.
Accessible formats
If you require an accessible format of a document or report, please contact the City Clerk. We will provide you with this within two business days of your request.
Contact Us