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

Check out this article on The Future of Program Budgeting for more information on PBB

PBB Community and Governance Results

PBB Basic Program Attributes (BPA)

City Programs by Department

2024 Budget

2024 Proposed Capital Budget

2024 Proposed Operating Budget

Budget 2024 Meeting dates:

November 15, 20, and 23
Operating Budget Presentations
Note: November 30 Operating Budget Presentations meeting has been cancelled

December 12
Budget Approval of Proposed Capital and Operating Budgets

Previous Budgets

2023 Budget

2023 Proposed Capital Budget

2023 Proposed Operating Budget

2022 Budget

2022 Approved Capital Budget

2022 Approved Operating Budget

2021 Budget

2021 Approved Capital Budget

2021 Approved Operating Budget

2020 Budget

2020 Approved Capital Budget

2020 Approved Operating Budget
 

2020 Proposed Capital Budget

2020 Proposed Operating Budget

2019 Budget

2018 Budget

2017 Budget

Major Capital Projects

Major Capital Projects are evaluated, planned and approved using the framework outlined in the Operating and Capital Budget Policy FIN-024-C.

Capital Project Priority Based Budget (PBB) Scoring

Priority Based Budgeting (PBB) serves as a tool for evaluating program or project 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.

Upcoming Major Capital Projects
Major Capital ProjectProject Information
100 Avenue / Legacy Park Road Enhancements

A portion of 100 Avenue and the Warden's Residence drive aisle are due for resurfacing. Before the segment is repaved, underlying issues with the road will be addressed. The project includes drainage improvements, curb installation and pedestrian movement enhancements.

The project is currently scheduled to commence in 2024. 

Aquatics Planning / Construction

Based on the Recreation Facilities and Parks Master Plan, the need to expand aquatics services is clearly necessary. Recommendations are currently being developed for the following three options: upgrading the current facility, building a new facility or a combination of the two options.

The allocated budget for 2024 is designated for the design process as well as further refinement of the project scope and timeline.

Cemetery Master Plan

The current cemetery is anticipated to meet the community's needs until 2030 to 2032. Increasing the inventory of inground plots will require an expansion to the cemetery.

To prepare for the expansion, design is currently planned for 2026, after the Cemetery Flood Risk Study.

City Limit Entrance Signs

The City boundaries were adjusted in 2020 with the annexation. This project replaces the existing highway entrance signs and positions the new signs in a more accurate location.

Design of the new signs is currently planned for 2025.

DCC Arena - Planning & Construction

The Recreation Facilities and Parks Master Plan, along with community feedback, highlighted the need for construction of a new arena within the City.

Design and project scope will be begin in 2024 with construction currently planned for around 2026/27.

Dog Park and Dow Fields - Paving

This project consists of paving the access roads and parking lots to the dog park and Dow fields located in the West River's Edge area.

This project is currently planned for 2027.

Fire Station Planning / Construction

With the continued growth of the City, the current fire hall is no longer centralized in the community and is unable to provide optimal emergency response time. As well, the current fire hall does not support the expanding needs of the department.

The Station Validation study will go back to Council in June 2024 for direction and start design in 2025 with building in 2026/2027.

Fire Vehicle & Equipment Lifecycle Replacement

This project will seek to replace the current 2001 pumper, which has exceeded its useful life of 20 years.

As well, Ladder 1, which was purchased in 2009, is reaching the end of its useful life.

The replacement process includes design, rebuild, chassis and delivery.

The fire engine/pumper replacement will be ordered in 2024 and should be received by the end of 2025 or early 2026.

The ladder project is currently planned for 2027 with a 2029 completion, at which time the ladder will be 20 years old.

Fort Centre Park

The Fort Centre Park Master Plan provides the vision for a regional park in the 40 hectares of open space on the lower terraces between the Highway 15 bridge and the Fort Heritage Precinct.

Phase 1 construction is funded with work scheduled to begin in 2024. Design of Phase 2 is scheduled to begin in 2027.

Secondary / Alternative Water Source

The objective of this project is to determine the preferred water source options to meet future water needs as the City's demands continue to increase.

Project design work is scheduled for 2024.

Veterans Way Corridor

Traffic flow along the Veterans Way Corridor continuously increases with growth and must be addressed for traffic and pedestrian safety. The Functional Planning Study for the widening of Veterans Way is now complete. The project includes widening the corridor to 6 lanes, intersection improvements, right of-way acquisition, and pedestrian safety considerations.

The project is contingent on funding support from the Province.

Widening phases are currently scheduled for 2024, and 2029 to 2032.

Additional information

Budget Descriptions

Budget Terminology

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

August 2023 Interim Report

April 2023 Interim Report

2022 Annual Report

August 2022 Interim Report

April 2022 Interim Report

2021 Annual Report

August 2021 Interim Report

April 2021 Interim Report

2020 Annual Report

August 2020 Interim Report

April 2020 Interim Report

2019 Annual Report

August 2019 Interim Report

April 2019 Interim Report

2018 Annual Report

September 2018 Quarterly Report

June 2018 Quarterly Report

March 2018 Quarterly Report

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 2022 Consolidated Financial Statements

Previous Statements

2021 Consolidated Financial Statements

2020 Consolidated Financial Statements

2019 Consolidated Financial 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

Department Business Plans

Corporate Communications Department Plan

Culture and Recreation Services Department Plan

Economic Development Department Plan

Family and Community Support Services (FCSS) Department Plan

Financial Services Department Plan

Fire Services Department Plan

Fleet, Facilities, and Engineering Department Plan

Information Technology Department Plan

Legislative Services Department Plan

People Services Department Plan

Planning and Development Department Plan

Protective Services Department Plan

Public Works Department Plan

Service Levels

The City establishes service levels to effectively plan for and prioritize resource needs, help mange costs, and improve communication to assist with aligning expectations between the municipality and the community on level of service and cost of service.

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