Town Council’s strategic direction and priorities establish the guidelines for the initial steps in preparing the operating and capital budgets. In developing the budget, the Town also follows approved financial policies, which ensures a consistent approach and adoption across the Town’s business centres, while aligning with Council’s fiscal direction.
The budget is established with a strong understanding of its impacts on future years and the ability to fund future projects and initiatives. This supports the Town’s commitment to being fiscally responsible. The Town of Okotoks’ budget is divided into two categories: Municipal and Utility. These are further subdivided into the operating and capital budgets as illustrated below: