Budget 101

A municipal budget is a planned itemized summary of the money that is coming into a municipality and how that money is being spent in a specific period of time, referred to as a fiscal period. 

The City of Charlottetown's annual fiscal period is April 1 - March 31. The budget is presented publicly, each year, by the end of March or first of April.

The City of Charlottetown’s Capital and Operational budgets are monitored by the Finance, Auditing, and Tendering standing committee and managed by the City’s Finance department.

 

 

Provincial legislation states that money coming into the City must be equal to the expenses, in other words the revenue must equal the expenditures. This creates a balanced budget.

For a closer look at how the City of Charlottetown spends its money, visit www.charlottetown.ca/budget