Budget and Financial Reporting

Each year the City of Port Colborne adopts a levy, rate and capital budget. 

Levy Budget

The levy budgets cover the day to day costs of running the City. These costs include things like wages, materials and supplies, utilities and contract payments related to the programs and activities offered through the City.  The levy budget also includes funding for debt payments and funding for the capital budget.

Rate Budget

The rate budget covers the day to day costs of running water, wastewater and storm sewer services. The costs covered in this budget are the same as the levy budget except they are only for water, wastewater and storm sewer activates.  Like the levy budget the rate budget also includes funding for debt payments and funding for the capital budget. 

Capital Budget

The capital budget is where the City approves new and the replacement of aging tangible capital assets.  This budget is funded through the levy and rate budgets.

Rates and Fees

The Rates and Fees are determined through the By-law 69654/45/45.  This By-law covers the amount a citizen, business owner or visitor will pay for a type of service being provided.  The Rates and Fees contribute to the Citys budget through revenue generation and offsetting of the expenses for services provided by the City.

Previous Budgets and Financial Documents