Operating budget12/5/2023 The capital budget can also be used for construction and other big, one-time spending projects that often take more than a fiscal year to pay for. The capital budget may include projects which will have ongoing effects on operations. Road repairs, machinery, and maintenance of water treatment plants are all capital expenses. The operating budgets include the budgets for sales, manufacturing costs (materials, labor, and overhead) or merchandise purchases, selling expenses. The operating budget must be centered around the primary goals and objectives of the organization. The capital budget is used for long term investments like infrastructure and facilities, that are paid off over time. These services are charged to municipalities based on usage and then the municipality determines the charge to each customer. ![]() Rate operating budget - pays for rate based services of water and wastewater treatment, including biosolids management, lab services and infrastruture costs.The tax rate you pay will vary by city / town. Special levy operating budgets - a separate levy is assessed for operating waste management services to support the curbside collection and disposal of garbage and organics, and for transit to support an integrated transit service for Niagara.This amount is paid for by your Regional property taxes. This budget pays for programs and services, including the staff to deliver those services, supplies and repayment of debt for major projects. General levy operating budget - pays for the daily business of Niagara Region and its boards and agencies.The Region prepares and manages the operating budget as follows: These costs return year after year and include items like staff wages, office supplies and utilities. The operating budget covers the day-to-day expenses needed to deliver services to residents. It also directs what infrastructure will be purchased, constructed and repaired. It is the plan that aligns the Region’s strategic priorities with the services we deliver to residents every day. The Consolidated Operating Budget, including the Health System, totals 14.4 billion. ![]() ![]() The Region’s budget is a financial plan that outlines the money the Region will raise and spend within a year. The FY24 Academic Operating Budget for the University totals 4.4 billion.
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