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County of <br />Essex <br />2016 Budget Overview <br />County Council adopted the 2016 budget on February 3, 2016. The <br />development of the County of Essex budget builds upon Council's <br />commitment to accountability, transparency and excellence in financial <br />management. The budget invests in our community and region, maintaining <br />and improving provisions of health services, community engagement and <br />physical and technological infrastructure. The Corporation's capital <br />investment plan builds on improvements to existing infrastructure while <br />preparing for future expansion to service the growth related requirements of <br />our community. Provided below are high level discussions on various <br />matters pertaining to the development of the 2016 estimates: <br />The preparation of annual estimates is prescribed by Section 289 of the <br />Municipal Act 2001: <br />An upper -tier municipality shall in each year prepare and adopt a <br />budget including estimates of all sums required during the year for the <br />purposes of the upper -tier municipality... <br />In preparing the budget, the upper -tier municipality, shall treat any <br />operating surplus of any previous year as revenue that will be <br />available during the current year; shall provide for any operating <br />deficit of any previous year—and may provide for such reserves as the <br />upper -tier municipality considers necessary. <br />The annual budget process commences each year in September with <br />Administration meeting periodically to discuss a variety of budget planning <br />issues, including: <br />Development of critical budgeting assumptions. <br />Review of departmental work plans. <br />Establish a timetable for budget presentation. <br />Rob Maisonville, Director of Corporate Services/Treasurer <br />Corporation of the County of Essex, Suite 202, 360 Fairview Avenue West, Essex, ON NSM 1Y6 <br />Phone: 519-776-6441, ext. 1328; Email: rmaisonville@countyofessex.on.ca <br />2 <br />