Budget and Financial Reports

Interim Budget

At the December 9, 2025, Council Meeting, Administration will present an Interim Budget to fund municipal operations through the first quarter of 2026. 

Why an Interim Budget? 

An interim budget is a temporary budget that covers a shorter period than a normal budget cycle of one year. This approach ensures continuity of municipal operations and services and is commonly used when municipal Councils begin a new term, as they familiarize themselves with municipal operations and governance. 

About the Budget 

Each year, Council approves a one-year operating budget, a two-year financial plan, as well as a one-year capital budget and a five-year capital plan. Following an election, Council may adopt an interim budget for the first quarter and review the full annual budget early in the new year. 

Budget dollars come from several different revenue sources, such as property taxes and grants from other levels of government. They also come from services provided by the Municipality like utilities, water and fees at the landfill. 

Municipalities in Alberta are required to balance their operating and capital budgets each year – which means that the money spent must be equal to the money raised. To balance the budget, the RMWB can either increase its revenues through property taxes and fees, or through managing expenses by changing or reducing the cost of services. 

Operating Budget 

The operating budget covers the daily or monthly expenses that keep the community functioning - everything from curbside collection and road maintenance to public transit and water.   

Capital Budget 

This portion of the budget is put towards bigger investments like buildings, equipment, roads, underground systems and other important infrastructure. This includes maintaining, rehabilitating and improving existing infrastructure and equipment. 

2026 Budget Meetings

The 2026 Budget Meetings are scheduled from February 3 - 5, 2026, from 9 a.m. to 5 p.m. with February 6 set aside as an additional day if needed.