Report card · Fall 2026
Town of Caledon
Calendar year 2025. The short version first, then every figure behind it, from the audited financial statements.
The short version
In 2025, Town of Caledon spent $164 million. That was 3.4% more than the budget figure in its audited statements.
Its independent auditor (Millard, Rouse & Rosebrugh LLP) signed off on the accounts without reservation.
The auditor signed off 152 days after the year ended.
Where every dollar went
Of every dollar Town of Caledon spent in 2025, as the government groups its spending.
- 28¢ Transportation services
- 28¢ Recreation and cultural services
- 22¢ Protection services
- 13¢ General government
- 8¢ Planning and development
- 1¢ Everything else
What went off plan
The areas furthest from their budget, in dollars. Going over isn't automatically bad (an emergency or a program added during the year can be the reason), and coming in under can mean delayed work.
Over budget
- Transportation services +$2.8 million (6.5%)
- Recreation and cultural services +$2.2 million (5.1%)
- Protection services +$2.0 million (6.0%)
Under budget
- Interest on corporate debt (Note 11 a) −$3.8 million (−90.1%)
Context from the documents
- Council approves the budget on a different accounting basis; the budget figures in the audited statements convert it to full accrual accounting. We show spending against that figure but do not rate it.
- The auditor draws attention to restated 2024 comparative figures (Note 2). The opinion is not modified because of it.
- The release date used is the date of the auditor's report.
Questions worth asking
Based only on the figures above. Put them to your councillor or candidates, or to the finance department.
- Spending came in 3.4% above the budget figure in the audited statements. How does that compare with the budget Council approved, and what caused it?
- Transportation services cost $2.8 million more than budgeted (6.5% over). What was the reason?
Every figure behind this page, exactly as published, with the page it came from.
We extracted these figures from a PDF: The Corporation of the Town of Caledon, Consolidated Financial Statements, year ended December 31, 2025. They are shown exactly as published, in dollars, with the page each one came from. Check them against the official document .
The year in figures
Actual results against the budget printed in the same audited statements. Amounts in dollars. Debt and accumulated balances are shown as positive amounts; the label says which they are.
| Item | Actual | Budget | Difference | Where we found it |
|---|---|---|---|---|
| Total revenue | 222,817,244 | 188,596,756 | +34,220,488 +18.1% | Actual: Page 4 (PDF 6) Budget: Page 4 (PDF 6) |
| Total expenses | 164,052,832 | 158,614,013 | +5,438,819 +3.4% | Actual: Page 4 (PDF 6) Budget: Page 4 (PDF 6) |
| Annual surplus (deficit) | +58,764,412 | +29,982,743 | +28,781,669 | Actual: Page 4 (PDF 6) Budget: Page 4 (PDF 6) |
| Net financial assets | 46,986,940 | 83,419,969 | −36,433,029 −43.7% | Actual: Page 3 (PDF 5) Budget: Page 5 (PDF 7) |
| Accumulated surplus | 776,563,895 | — | — | Actual: Page 3 (PDF 5) |
| Interest on corporate debt | 417,491 | 4,205,279 | −3,787,788 −90.1% | Actual: Page 4 (PDF 6) Budget: Page 4 (PDF 6) |
Spending by area
Expenses by sector or function, as the government groups them, in dollars. The thin line marks the budget.
Audit and release
- Auditor
- Millard, Rouse & Rosebrugh LLP
- Opinion
- Unmodified (clean)
- Audited results released
- June 1, 2026
- Days after year end
- 152
Source documents
We link to the official documents rather than republishing them. We kept a copy of each, as downloaded, so these figures can be re-checked even if a link changes.
Right of reply
No response from Town of Caledon has been published yet.
Town of Caledon can respond to this section. We confirm every response by phone before publishing it, then publish it here in full, unedited. If you find an error, tell us through the contact form on our About page. Corrections are noted on the page; figures are never changed silently.
Respond on behalf of Town of Caledon
Figures collected and checked November 6, 2026.
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