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Financial Plan
2025 Financial Plan Highlights
2025 Financial Plan Documents
Archived Financial Plans by Year
Financial Plans
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2023 Financial Plan Overview
The Overview is to help break down the important aspects of the financial plan at a quick glance and provide further explanation on key parts using test, charts and other graphics. |
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Mar 12, 2025
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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.