Budget and Financial Information


Every time your street is plowed, your garbage or recycling bin is collected, or you visit a park or arena, you are witnessing your tax dollars at work. Municipal budget decisions set the funding for important infrastructure, programs, services, and facilities we depend on to maintain our quality of life.

Asset Management

An Asset Management Plan enables informed decisions regarding the building, operating, maintaining, renewing, replacing and disposing of infrastructure assets. It is structured to including the following important elements:

elements of an asset management plan: state of local infrastructure, desired levels of service, asset management strategy, and financing strategy

In 2013 Council approved the municipality’s asset management plan which consolidated the municipality's existing asset management plans for roads, bridges, culverts, fire assets, parks, streetlights, water and sewer assets, and facilities.

On December 13, 2017, the province approved a municipal asset management planning regulation under the Infrastructure for Jobs and Prosperity Act, 2015, with a six year phase-in period for implementation. In accordance with the timelines set out in the new regulation, the municipality finalized their Strategic Asset Management Policy in 2019 and will finalize an updated asset management plan to include all municipal infrastructure assets over the next two years.

About Municipal Budgeting

A municipal budget is a policy and planning document that outlines our municipality's priorities, and is a balancing act between often competing priorities - what can we afford and providing a high level of services to citizens.

Every year, municipal staff put forward a preliminary budget and then the Mayor and Council, with input from Middlesex Centre residents and businesses, make choices about municipal services and programs. It is an ongoing process as each year budgets are drafted, revised, reported, presented, approved, adopted, and monitored. Your annual budget is made up of three parts:

  1. The operating budget provides the necessary resources to deliver programs, services and facilities services to meet the needs of our growing community, and accommodates for inflationary pressures.  The operating budget is funded primarily through property taxes and user fees. 
  2. The capital budget provides for the infrastructure requirements of the municipality as identified in our Asset Management Plan. The capital budget is funded through property taxes, reserves, development charges, debt and grants.  The capital budget is used to either build or rehabilitate assets that will last for more than one year.
  3. Reserves and reserve funds receive annual contributions from the operating budget to assist with creating a solid financial position to support the municipality’s future cash requirements.  Maintaining sufficient balances in reserves and reserve funds is a critical component of a municipality’s long-term financial plan as it strengthens its long-term financial sustainability, helps to minimize fluctuations in the tax rate and provides funding to sustain infrastructure.

The following video, made available courtesy of the City of London, offers an overview of the municipal budgeting process.

2021 Budget

On December 16, 2020, Middlesex Centre Council approved the 2021 municipal budget.

The 2021 budget focusses on long-term municipal financial sustainability, provides for modest enhancements to select municipal services, and allows for needed infrastructure construction and repair. The 2021 combined operating and capital budget amounts to $57.4 million, and resulted in a property tax increase of 1.47%.

Budget 2020 Documents


Thank you to those who participated in the budget survey in the summer of 2020. The survey responses assist with identifying priorities for Municipality infrastructure, programs and services.



If you have any questions about the budget or the budget development process, please see our Budget 2021 page or contact Tiffany Farrell, Director of Corporate Services.

2020 Budget

On December 18, 2019, Middlesex Centre Council approved the 2020 municipal budget.

The 2020 combined operating and capital budget of $55.2 million incorporated a 9% increase in the levy and a 2.23% tax rate increase.

2019 Budget

On February 6, 2019, Middlesex Centre Council ratified the 2019 budget representing an investment of $55 million in expenditures.

Financial Reports

Financial statements for the Municipality of Middlesex Centre are compiled and audited annually according to Public Sector Accounting Board standards. Statistics are compiled according to the provincially mandated Performance Measures Program. The purpose of this program is to provide alternative measures from financial results to stakeholders.

For more information, we encourage you to read these financial documents:

Treasurer's Statements

Long-Term Financial Plans

The Long-Range Financial Plan provides a framework for financial decision-making that includes including strategies and key actions to facilitate multi-year, integrated, strategic decision-making.

The documents presented above will be made available in alternative formats if required.


For Questions Contact: