Budget and Finance

The Finance Department manages all the accounting functions for the Township of Wellesley. This includes payroll, accounts payable and receivable, and money management. The Finance Department is also responsible for management of the annual financial planning processes including the Current and Capital Budgets and regular financial reporting.

The Municipal Budget is prepared yearly to determine the Operating and Capital requirements for the year. This information is used to calculate your yearly taxes.

Finance staff report to Council monthly regarding the income and expenses of the Township as compared to the budgeted amounts.

At the end of each year Financial Statements are prepared and sent to the Ministry of Municipal Affairs and Housing (MMAH).

Below is a list of several components of the Budget process and financial reporting. Follow the links for further information on each topic:

• Asset Management Plan
• Budget and Reporting
• Financial Statements
• Purchasing and Accounts Payable
• Taxes