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Budget
Sources of Funds
The sources of revenue for the Town of Golden include municipal taxation, conditional grants, transfers from other levels of government, water & sewer user fees, recreation fees & charges, unconditional government grants and various other sources (1). To view of graph of the various sources of funding budgeted for the current fiscal year, click on the following link.
Taxes Collected for Other Levels of Government
In addition, we collect taxes on behalf of various levels of government and remit the funds to them. These amounts are shown as "Collections for Other Governments" on the current fiscal year Source of Funds Graph and as "Payments to Other Governments" on the current fiscal year Application of Funds Graph.
Application of Funds
The Town of Golden provides a wide range of services for area residents. In the current fiscal year budget, we have budgeted for capital spending on some major infrastructure upgrades (see Infrastructure Upgrades), general government services, transportation services, water & sewer operation, protective services, parks and recreation and various other projects (2). In addition, funds are set aside each year in reserves to fund future projects. For a breakdown of the application of funds budgeted for the current fiscal year, click on the following link:
Infrastructure Upgrades
The town is using a combination of increased taxation, government grants and existing reserves to continue making necessary improvements to capital infrastructure. For the current fiscal year we have budgeted for the following:
| Capital Projects: |
| | Paving, parking lots and road rehabilitation | 1,041,850 |
| | Mobile equipment (loader and crew cab) | 313,700 |
| | Parks and recreation improvements | 231,175 |
| | Airport and cemetery improvements | 84,500 |
| | Computers & accessories, software | 97,210 |
| | Fire dept. equipment and flood control | 92,250 |
| | Old shop environmental cleanup | 108,500 |
| | Drainage program | 139,200 |
| | Sidewalks | 88,100 |
| | Other public works projects | 174,200 |
| Total capital projects | 2,370,685 |
For full details on the Town of Golden budget, download a copy of our Budget Bylaw from our Document Library. You can also download the 2006 budget announcement.
If you have questions about the Town of Golden budget, email the Chief Financial Officer at treasurer@town.golden.bc.ca.
(1) The "Other Revenue, Fees & Charges" shown on the current fiscal year Source of Funds graph consists of interest on investments, fines penalties & licenses and other fees & charges.
(2) The "Other Expenditures" in the Application of Funds graph consist of mosquito control, airport, cemetery and miscellaneous other expenditures.
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