Each year the Town of Didsbury determines the funds it requires for its operating budget and capital budget. Town Council reviews and approves these requirements at separate times.

 

The Town of Didsbury will present a capital budget plan with a 10-year horizon. The operating budget deals with a one-year period, while capital requirements are estimated over a 10-year timeframe to create a capital forecast. The initiatives included in the first year of the forecast are considered in order to determine the capital budget for that year. For example, if the capital forecast covers the years 2012-2021, the capital budget will only deal with 2012.

 

WHAT IS A CAPITAL BUDGET?          

The capital budget indicates the funds needed for the first year of the 10-year capital forecast period. It is how we pay for major projects such as reconstructing streets; building and improving public facilities such as recreation facilities, community centres, parks and firehalls; dealing with growth pressures such as new streets; and new initiatives. These costs are similar to adding an addition to your home this year.

 

The operating budget shows the day-to-day costs of delivering programs and services for the next year. These costs are similar to your everyday household expenses such as mortgage payments, utilities or groceries.

Each Council must appoint one or more Auditor(s) for the Municipality and the Auditor(s) must report annually to the Council on the Financial Statements and Financial Information Return (FIR) of the Municipality. 

The Town of Didsbury's fiscal year-end is December 31. The Annual Report is produced in the following months and is scheduled to be released on or before May 1. We encourage you to review the copies from recent years posted on this page.  The Town of Didsbury is also responsible for producing a Financial Information Return (FIR) - the Government of Alberta’s standard format.  

 

Please find below previous years' Financial Statements and Financial Information Returns.

                                                                                                                                   

Town of Didsbury Financial Statements & Auditors' Report