Each year, the Town's approved budget details how money will be spent to provide essential services to residents in conjunction with Council's strategic priorities and vision.
The budget is divided between operating and capital expenses. The operating budget covers day to day expenses and employee salaries, as well as resources and utilities needed for daily operation. The capital budget accounts for developing and maintaining infrastructure and facilities across Town.
Each November, Administration presents a proposed budget to Council for the upcoming year and Council is given the opportunity to ask questions and request any adjustments they would like to see prior to budget approval in December.
This process helps to builds alignment between Council and Administration and ensures that Council’s priorities are addressed in the budget for the upcoming year.
Council's 2024 Budget Deliberations will take place:
Date: Friday, Nov. 17 & Saturday, Nov. 18, 2024
Time: 9-4:30 p.m.
Place: Town of Devon Office - 1 Columbia Ave. West
Budget Executive Summary
The full agenda will be available by 4:30 p.m. on Nov. 21, 2023 at devon.ca/council-agenda.
All public is welcome to attend the budget deliberations or tune in online.
After a successful first year, the Town is excited to once again invite the community to provide their input on what they would like to see included in Devon’s 2024 Operating Budget.
There are two ways that residents can provide their input for the 2024 Operating Budget.
Option 1 – Written Submission
Residents can provide a written submission via email or a written letter outlining their input and suggestions for Council to consider in the 2024 Operating Budget. All submissions will be shared with Council as part of the budget deliberations.
Option 2 – In-Person
Residents are also invited to book a 10-minute time slot to address Council and share their input during Budget Deliberations on Nov. 17 & 18.
Due to time constraints, there are limited in-person time slots available. Once filled, residents will be invited to send in a written submission.
Written Submissions/Booking a Budget Timeslot
Residents looking to share a written submission with Council or book a timeslot during budget deliberation are invited to contact Melanie Crothers, Executive Assistant to Mayor & Council at:
Alternatively, written submissions can be dropped off at the Town Office during regular business hours (M-F, 8:30 a.m. – 4:30 p.m.).
The deadline for written submissions/booking an in-person time slot is Friday, Nov. 10 at 4:30 p.m.
The Town’s budget is a strategic document that supports the achievement of collective goals. Municipal capital and operating budgets are funded primarily by property taxes, user fees, other orders of government, and grants. The Town of Devon delivers many of the services our residents and businesses rely on every day. The budget outlines how these services will be supported.
The budget also states what capital projects are a priority for the Town. Capital projects includes things like new facilities. Many of these projects will affect community members on a daily basis.
Town staff begin working on the budgets over the fall months where each department reviews activities and plans for the year ahead. Town staff consider many factors while planning their budgets, including:
The Town is required by the Municipal Government Act to balance its operating budget each year, and Administration is always looking for ways to increase efficiencies.
To balance the budget, the Town can either:
Simply put, the money raised must balance the money spent.
The capital budget provides for the infrastructure requirements of the municipality as identified in our Asset Management Plan. The capital budget is funded through property taxes, reserves, development charges, debt and grants. The capital budget is used to either build or rehabilitate assets that will last for more than one year.
Capital budgets include costs and related sources of funding to maintain, replace and refurbish these kinds of assets over their useful lives.
The operating budget provides the necessary resources to deliver programs, services and facilities services to meet the needs of our growing community and accommodates for inflationary pressures. The operating budget is funded primarily through property taxes, user fees and grants.
The Town’s operating budget includes essential services and programs, for example annual amounts to the RCMP and other services that keep Devon safe.
The operating budget is also used for services such as parks, recreation programs, snow removal, and road maintenance.
Under the Municipal Government Act, municipalities are responsible for collecting taxes for municipal and educational purposes. Property taxes are levied based on the value of the property as determined from the property assessment process. Each year, Municipal Councils determine the amount of money they need to operate their municipality. From this amount, Council then subtracts known revenues (for example, licenses, grants, and permits). The remainder is the amount of money the municipality needs to raise through property taxes in order to provide services for the year.
This revenue requirement is then used to calculate the tax rate. The tax rate is the percentage of assessed value at which each property is taxed in a municipality. The revenue requirement is divided by the assessment base (the total value of all assessed properties in the municipality). The tax rate calculation is expressed in the following formula:
The tax rate is applied to each individual property assessment using the following formula:
Your property tax contributes to municipal services, provincial education, and seniors' affordable housing. The municipal portion of your property taxes funds a variety of services that Devon residents rely on, including:
Every time your street is plowed, your garbage or recycling bin is collected, or you visit a park or arena, you are witnessing your tax dollars at work. Municipal budget decisions set the funding for important infrastructure, programs, services and facilities we depend on to maintain our quality of life. The following is a chart that illustrates how your tax dollar is spent:
Managers and senior staff adjust their budgets according to the Town’s financial health, debt, reserve funds, inflation and as per Council’s strategic priorities.
Administration is always searching for ways to be more efficient.
While Council and Administration continue to work hard to be fiscally responsible, the next few years are gearing up to be more difficult budget years for the Town as there are multiple cost increases impacting the budget.
There is an increase in the RCMP contract cost due to overtime pay and rising RCMP officer salaries, that are passed on to the Town from the RCMP. This cost increase is out of the Town’s control as RCMP salary negotiations occur at the Federal Government level.
There are also price increases due to inflationary pressures that impact the Town’s day-to-day operations and larger scale projects. Things like fuel, costs for general Town operations, and contractor prices have all gone up. The costs to replace heavy equipment and fire engines have substantially escalated well above typical inflation rates.
With these cost increases, Administration will continue to make efforts to increase efficiencies.
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Municipal Office Contact
Town of Devon Municipal Office
1 Columbia Avenue West
Devon, AB T9G 1A1
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