Financial Services

The Finance Department manages all the financial resources of the municipality and ensures the overall financial health of the organization. The Department is responsible for maintaining the Township’s accounting and other financial records, Accounts Payable, Accounts Receivable, Investing and Borrowing of Municipal Funds, Budget Preparation and Monitoring, Financial Reporting, Asset Management, Internal Audit, and Tax Billing and Collection.

The Township of Norwich prepares and approves municipal budgets on an annual basis. Budgets set financial targets and service levels for the various municipal departments and help to determine the required property tax rates to meet these needs.

The Capital Budget for the following year is presented and approved in November each year.

The Operating Budget is presented and approved in February/March each year.

The municipality is required to a complete and file a variety of Financial Reports on annual basis, including but not limited to Consolidated Financial Statements, Provincial Financial Information Returns, Municipal Performance Measures, and Federal Gas Tax Reporting.

Click on the links below to view current copies of these reports:

2013 Consolidated Financial Statements

2014 Consolidated Financial Statements

2015 Consolidated Financial Statements

2016 Consolidated Financial Statements

2017 Consolidated Financial Statements

2018 Consolidated Financial Statements

2019 Final Audited Financial Statement

2020 Final Audited Financial Statement

The Province of Ontario through their Municipal Infrastructure Strategy has mandated that all municipalities in Ontario create comprehensive Asset Management Plans to assist and guide them in making appropriate infrastructure investment decisions now and into the future.

View our Asset Managment Plan - Executive Summary 

Strategic Asset Mangement Policy FS 2019-01

Volunteer organizations provide many services and complete a variety of community-minded projects for the citizens of the Township of Norwich. To assist these organizations in completing their activities, the Township of Norwich offers financial assistance through the annual Community Grants Program. Applications are due in December each year and are approved through the annual budget process. Details of the program and applications forms can be accessed below:

Invitation to Community Groups to Submit Grant Proposals

TR 2010-02 - Community Grant Policy

The Township of Norwich imposes a development charge upon the development of any land within the municipality to assist with the costs of growth-related capital projects. Details of the current charge and rates can be viewed below:

Development Charges Pamphlet 2021

Development Charges Bylaw - No 19-2021

The Township of Norwich has passed By-law Number 38-2020 to provide for the adoption of user fee rates for various township activities and services for the period of  July 1, 2020 to June 30, 2024. 

User Fee's - Amended Schedule A - By-law 10-2021

Contact Us

Contacts

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