Financial Plan & Borrowing

2024 Financial Plan

Pre-Budget Consultation Open House

The Council of the Rural Municipality of St. Clements scheduled a Pre-Budget Consultation Open House at the Municipal Office Council Chambers to allow informal conversation with members of Council and staff about the 2024 fiscal year and current projects.

The Pre-Budget Consultation Open House took place Tuesday, April 22, 2024, at 6:00pm. A recording of the event is now available by clicking here and using the passcode:  Vi*4MWEA

Any person who has questions, needs clarification or requires further information is encouraged to contact the Chief Administrative Officer, Deepak Joshi, by phone at 204-482-3300 or by email at cao@rmofstclements.com.

PUBLIC HEARING NOTICE

RURAL MUNICIPALITY OF ST. CLEMENTS

PUBLIC HEARING NOTICE

REGARDING THE 2024 FINANCIAL PLAN

PUBLIC NOTICEis hereby given pursuant to Subsection 162(2) of The Municipal Act; that the Council of the Rural Municipality of St. Clements intends to present its Financial Plan for the fiscal year 2024 at a Public Hearing in the Council Chambers of the R.M. of St. Clements on Tuesday May 7th, 2024 at 7:00 p.m.

Council will hear any person who wishes to make a representation, ask questions, or register an objection to the Financial Plan as provided.

The public hearing will be live streamed with interactive chat.  A link to the hearing will be made available on our website.

If you wish to do one of the above, please submit in writing prior to 4:00 p.m. on Friday, May 3rd, 2024.  Your written submissions can either be emailed to info@rmofstclements.com, dropped off at our office or mailed to our office if time permits.

Any person who has questions, needs clarification or requires further information, either prior to or following the hearing, is encouraged to contact Shannon Plischke, Finance Officer at 204-482-3300.

Copies of the 2024 Financial Plan will be available for review after April 24th, 2024 at the Municipal Office located at 1043 Kittson Road, East Selkirk or on our website at www.rmofstclements.com  

Dated this 1st day of April, 2024

Deepak Joshi

Chief Administrative Officer

2024 Documents

Financial Plans

Borrowing

How does borrowing work?

It is very similar to getting a loan to build a home.

  • We get approval to borrow a certain amount. The amount approved for borrowing is not necessarily the amount we will borrow; it is a maximum amount.
  • Before we actually borrow, we complete the project and pay for it either with money on hand, a short term loan or a line of credit. We will also be seeking grants and other cost saving opportunities to help reduce the amount borrowed.
  • Once the project is completed, council will look for the best rate and borrow the funds that were spent
  • Loan payments would have an expected start date and then at that point, the loan payments will be collected from residents through their annual property tax bill.