The Town's Finance Department leads the budget development process, and is also responsible for monitoring and managing the Town's financial health. Provincial legislation requires us to have a balanced budget. This means money coming in (revenue) equals money going out (expenses). The balanced budget needs to be approved by Council annually.
Town of Olds 2025 Operating and Capital Budgets Approved
The 2025 Municipal Operating and Capital Budgets were approved December 9, 2024 in the amounts of $35.88M and $5.52 respectively. View our Press Release for more details.
View the Minutes where Council discussed the 2025 Budget
Special Council Meeting (2025 Capital Budget) - November 25, 2024
Special Council Meeting (2025 Operating Budget) - November 28, 2024
Committee of The Whole Meeting - December 2, 2024
2025 Operating Budget Presentations
Read the 2025 Operating Budget Presentation which was presented to Council on the November 28 Special Council Meeting and December 2nd Commitee of The Whole Meeting.
Visit the Town of Olds YouTube Channel to watch the discussion of the Captial Budget and the discussion of the Operating Budget.
2024 Budget Survey Results (for 2025)
Thank you to everyone who filled out the 2024 Budget Survey! The results have been posted.
Annual Budget Process
Each year as part of the budget process Council reviews all of the programs and services the Town provides. Council’s primary objective is to find long-term, sustainable solutions to ongoing budget challenges and ensure municipal services and programs are provided in the most efficient and effective manner to best meet the needs of the community. The review focuses more on setting priorities, exploring trade-offs (services and programs) to reduce the cost of delivery while maintaining or improving services and service levels. The wants and needs of the community are also weighed into this decision to see what is possible to do within the resources available.
The Town of Olds budgets are broken into two main components:
- Operating: The operating budget is all of the day-to-day activities needed to provide services to the community. This includes things like salaries, wages and benefits, goods and supplies, fuel, and insurance.
- Capital: Town infrastructure is funded through the Capital Budget. The bulk of that funding goes to maintaining and rehabilitating existing infrastructure. As funding allows, the Town continues to fund growth, building new infrastructure and investing in the future.
Operating Budgets
2025 Operating Budget - approved December 9, 2024
2024 Operating Budget - approved April 8, 2024
2023 Operating Budget - approved April 11, 2023
2022 Operating Budget - approved April 11, 2022
2022 Interim Operating Budget - approved Dec. 13, 2021
Capital Budgets
2025 Capital Budget - approved December 9, 2024
2024 Capital Budget - approved April 8, 2024
2023 - Capital Budget - Spring Budget Adjustments approved April 11, 2023
2022 Capital Plan - approved July 11, 2022
2022-2031 Long Term Capital Plan
Annual Budget Survey & Engagements
View our current and previous budget survey engagements here.