Sexsmith council accepted a five-year capital budget for 2020 to 2024 during its regular meeting Monday.
The budget sets out plans for capital projects over five years, totalling $6.4 million and including $3.2 million for street improvements.
Mayor Kate Potter said municipalities are required under the Municipal Government Act to submit five-year budgets to the province by the end of the year.
“It’s a really good policy to have so that municipalities are thinking about their long-term needs and are able to budget for those needs,” she said.
The provincial policy encourages municipalities to prepare for inevitable costs such as facility upgrades and replacements, she said.
Potter noted the five-year plan isn’t set in stone, and Sexsmith is currently conducting asset management to determine the life expectancy of its buildings.
Council may update the plan in December or January to reflect what new information about town facilities come to light,