An operating budget is prepared in advance of a reporting period as a goal or plan that the business expects to achieve. 2017 Budget ), or organization uses to plan its operations. Road repairs, machinery, and maintenance of water treatment plants are all capital expenses. An operating budget consists of all revenues and expenses over a period of time (typically a quarter or a year) that a corporation, government (see the U.S. The capital budget is used for long term investments like infrastructure and facilities, that are paid off over time. Costs for these services are charged to municipalities based on usage (water and wastewater) and number of households (waste management). Operating rate budget - pays for rate based services such as waste management, curbside collection, recycling and landfill sites, water and waste water treatment, biosolids management and lab services.

This is the amount of the operating budget that is paid for by your Regional property taxes. This budget pays for programs and services, including the staff to deliver those services, supplies and repayment of debt for major projects. Operating Budget Vs Capital Budget The former is typically for a short time, usually a year, whereas the latter is for a longer time, with involves many.

Operating levy budget - pays for the daily business of the Niagara Region and its boards and agencies.

The Region prepares and manages the operating budget as follows: This includes variable costs, or the costs that vary with sales, such as the cost of. These costs return year after year and include items like staff wages, office supplies and utilities. An operating budget starts with revenue, and then shows each expense type.

The operating budget covers the day-to-day expenses required to deliver services to residents. It also directs what infrastructure will be purchased, constructed and repaired. It is funded primarily through local property and sales taxes revenue. It is the plan that aligns the Region’s strategic priorities with the services we deliver to residents every day. The Operating Budget includes personnel costs and annual facility operating costs. The Region’s budget is a financial plan that outlines the money the Region will raise and spend within a year.

Define operating budget