Budget and Finances

Our Financial Services team is responsible for recording, monitoring and regularly reporting on all City financial activities.

The team's primary services include:

  • all accounts payable
  • billing and payment services for taxes and utilities
  • budget preparation and reporting
  • cash and investment management
  • financial stewardship of City assets and resources
  • financial expertise to Council, the City Manager and City departments
  • policies and procedures for corporate and financial resources
  • procurement
Budget

Our City's budget process is based on effective short and long-term planning in support of the goals of Council's Strategic Plan and the needs of the community.

City departments submit annual budget requests for the upcoming year to Council in November for approval by December 31. All budget meetings are open to the public.

Priority Based Budgeting (PBB)

The City has adopted Priority Based Budgeting (PBB), a leading best practice for local Government that develops program inventories and costing and shows how programs align with community priorities to help prioritize spending. PBB serves as a tool and a framework for evaluating program options and alternatives to help make decisions about resource allocation. It is based on allocating budget dollars to programs and services that bring the greatest value to the community, with the intent to optimize service delivery and maximize value for tax dollars.

The process for prioritizing the operating programs involved department scoring each program against the City’s established community and governance results and basic program attributes. Results are drawn from the City’s strategic documents (Strategic Plan, Municipal Development Plan, Community Sustainability Plan, community surveys) and are intended to define what the City government is in business to achieve. Basic program attributes are more general to the PBB model and are similar for most municipalities. Following the department scoring, a cross-functional subject matter peer review team evaluated the scores for fairness and consistency/validation and established the final score for the programs.

The final scoring identifies a program’s alignment with the City’s strategic priorities and places them into one of four quartiles. Programs that are more aligned are assigned to Quartiles 1 and 2 (Q1/Q2), and those that are less aligned are assigned to Quartiles 3 and 4 (Q3/Q4).

Individual Priority Contribution chart

PBB Community and Governance Results

PBB Basic Program Attributes (BPA)

City Programs by Department

2021 Program Summary Reports

2021 Budget

View the 2021 Proposed Operating Budget

View the 2021 Proposed Capital Budget

Previous Budgets

2020 Capital Budget

2020 Operating Budget

2019 Budget

2018 Budget

2017 Budget

Financial Reports

Annual and Interim Reports

Annual and interim reports include:

  • analysis of financial operating results compared to budget
  • forecast of financial operating results compared to budget
  • analysis of capital projects
  • assessment of the City's financial position
  • progress on corporate goals and initiatives in the Strategic Plan
  • status of key operational work plan projects
  • operational highlights
Reports

April 2020 Interim Report

December 2019 Annual Report

August 2019 Interim Report

April 2019 Interim Report

December 2018 Annual Report

September 2018 Quarterly Report

June 2018 Quarterly Report

March 2018 Quarterly Report

December 2017 Annual Report

September 2017 Quarterly Report

June 2017 Quarterly Report

Financial Statements

The City of Fort Saskatchewan annual financial statements are prepared in accordance with Canadian public sector accounting standards. Council appoints auditors to review and report on the statements.

The consolidated financial statements reflect the assets, liabilities, revenues, expenses, and change in net financial assets (net debt) of the City and the Fort Saskatchewan Public Library.

View the 2019 Consolidated Financial Statements

Previous Statements

2018 Consolidated Financial Statements

2017 Consolidated Financial Statements

2016 Consolidated Financial Statements

2015 Consolidated Financial Statements

2014 Consolidated Financial Statements

2013 Consolidated Financial Statements

2012 Consolidated Financial Statements

Additional resources

Bids and Tenders

Department User Fees and Charges Policy and Procedure

Management and Financial Reporting Policy

Operating and Capital Expenses Policy

Procurement Policy and Procedure

Taxes

Utilities