Budgets, Financial Statements and Reports

Municipal Budgets

2023 Budget Booklet

The 2023 Budget Booklet outlines the Municipality’s financial plan for 2023 and serves to guide policy, strategic decision-making and service levels. It includes a broad overview of the operations, current financial position and capital and operating budgets of the Municipality.

2023 Budget Booklet (PDF)

Operating budget

An operating budget is an annual estimate of revenues and expenditures. It aligns Municipal priorities with the services Clarington delivers to its residents.

Capital budget

The Capital budget is a five-year forecast that focuses on infrastructure needs, timing and financing of future projects.

Municipal Financial Statements

The following documents are formal audited reports of the Municipality's financial activities.

2022
Annual Financial Review 2022 (PDF)
2021
Annual Financial Review 2021 (PDF)
2020
Annual Financial Review 2020 (PDF)
2019
Consolidated Financial Statements (December 31, 2019) Official Consolidated Financial Statements (PDF) Financial Statements - Trust Funds (December 31, 2019) Official Financial Statements - Trust Funds (PDF)

Asset Management

Asset Management Plans

Clarington's Asset Management Plans provide updated information about our roads, bridges, and stormwater assets. The 2022 Asset Management Plan also includes the current state of the Municipality's assets,
replacement values, key performance indicators and life cycle activities.

Asset Management Policy

2019 Asset Management Policy

Other Reporting

Audit and Accountability Fund

2022 Public Works Payroll and Job Allocation Process Modernization Review (PDF)

Cash in Lieu of Parkland Reserve Fund

Council Remuneration

Development Charges Reserve Fund

Building Permit Fees Annual Report

The Building Permit Fees Annual Report outlines the amount of Municipal building permit fees collected and the costs of delivering this service.

Federal Gas Tax Funding

Gas Tax Outcomes Funding is provided annually to municipalities as part of a Municipal Funding Agreement with the Association of Municipalities of Ontario.