04Issues & decisionsNorwich

INSIDE THE RECORD · Taxes & spending · NORWICH TOWNSHIP, ONTARIO

An accounting surplus is not a pot of spare cash.

A source-led starting point for a useful public question.

Historical financial disclosureRecord date: 2024-12-31

WHAT THE RECORD ESTABLISHES

The documented fact.

Note 18 reconciles the adopted 2024 budget to the financial statements, adjusting for capital purchases, reserves, principal repayments and amortization.

What that does—and does not—tell us.

Budget balances and accounting results measure different things. Compare like with like before suggesting money is freely available.

THE FOLLOW-UP QUESTION

Which funds are unrestricted, which are committed, and what future replacement costs must they cover?

Later evidence has not yet been connected in this explainer. Help close that gap with the relevant public report or decision.

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Norwich council

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Oxford County

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