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Finance Department

Financial Overview

The Municipality’s annual operating budget is normally $11,000,000.00 to $12,000,000.00 per year. The capital budget varies widely but again typically runs in the several millions of dollars per year. There are a little over 5,400 residential dwellings in the Municipality and we process 9,000 tax bills each year for residential, resource and commercial accounts.

The finances and financial matters of the Municipality are organized into four distinct and reportable funds; the General Operating Fund, wherein we record and account for all of our day to day business of the Municipality, the Capital Reserve Fund, which contains special restrictions and from which we account for the financial components of our capital acquisition and disposal transactions, the General Capital Fund, this is where we keep track of all of our tangible capital assets (TCA’s) such as sewer systems, sidewalks, buildings, equipment, recreational assets, and more, and finally, the Operating Reserve Fund, this is another distinct fund, permitted by the MGA, for holding financial reserves that can be used for special purposes such as loans to volunteer fire departments and as a store of equity as a hedge for difficult times.

The Finance Department reports our financial and operational results quarterly to Council, and more often as required on specific transactions and initiatives, and generally on an as needed basis in between the quarterly standard. We prepare our operating and capital budgets annually, with a high level of detailed input from the respective department heads and then in working sessions with Council. The budget is normally finalized and approved by Council in May of each year.

Reporting & Statistics

This library contains financial data on the historical, prospective and performance metrics that we use in the administration of municipal business.

List of articles in category Finance Department
Title
Capital Investment Plan
Consolidated Financial Statements
Financial Condition Index
Non-Consolidated Financial Statements
The Finance Team

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Local Municipalities

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932 Highway 1 Hebron, Nova Scotia Canada B5A 5Z5    
Administration & Taxation:  Tel: 902-742-7159   \   Fax: 902-742-3164
Development Officer / Building Inspector / By-laws / Subdivisions:  Tel:  902-742-9691  \  Fax:  902-742-7557
Public Works Department:   Tel:  902-742-7353   \   Fax:  902-742-7557
Hours of Operation: Monday to Friday 8:00 a.m. - 5:00 p.m. (Excluding Holidays)