Financial Plan & Borrowing

2020 Financial Plan

To download the 2020 Financial Plan Public Notice, click here.

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 Office, at 204-482-3300.

Copies of the 2020 Financial Plan will be available for review after Wendesday, April 22, 2020.  With our office being closed to the public please contact our office by phone at 204-482-3300 or email at if you wish to receive a copy and we can then either email or mail you one.

Download the 2020 Financial Plan RM of St. Clements

We invited those who wanted to make representation or ask questions to submit them in writing prior to the hearing so that they could be read out and answered.  Below you’ll find those questions and answers regarding the 2020 Financial Plan.

Financial Plans



The Council of the Rural Municipality of St. Clements intends to give first reading to two (2) proposed borrowing by-laws.  For more information on these By-Laws, click here to take you to the web page.


The three borrowings included in this year’s budget have been approved by the Municipal Board so the projects can proceed. The borrowings are:

  1. To build a municipal recreation facility in south St. Clements – up to $4,850,000
  2. Upgrades and expansion of facilities and equipment of the Narol Fire Department – up to $1,573,000
  3. Construction & Improvement of Water Control Works – up to $3,520,000

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 are expected to start between 2020 and 2022. At that point, the loan payments will be collected from residents through their annual property tax bill.