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
Annual 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.

Budget 2020

On December 10, 2019 Council approved the 2020 Operating Budget establishing total operating revenues and expenditures at $79,592,814, which includes $19,411,206 for the Utilities Budget. This represents an estimated increase of 0.44% to the municipal portion of residential and non-residential property taxes compared to 2019.

Council also approved the 2020 Capital Budget dated December 10, 2019, establishing total capital revenues and expenditures at $14,079,100. 

The tax rate will be set in spring 2020.

2020 Proposed Budgets

View the 2020 Proposed Capital Budget

View the complete 2020 Proposed Operating Budget

Proposed Operating Budget Sections

Proposed Budget Information

Section 4 - Position Summary

Section 5 - Public Works

Section 6 - Fleet, Facilities and Engineering

Section 7 - Planning & Development

Section 8 - Economic Development

Section 9 - Utilities

Section 10 - Recreation Services

Section 11 - Protective Services

Section 12 - Fire Services

Section 13 - Culture Services

Section 14 - Family & Community Support Services

Section 15 - Financial Services

Section 16 - Information Technology

Section 17 - People Services

Section 18 - Corporate Communications

Section 19 - Legislative Services

Section 20 - Senior Leadership

Section 21 - Elected Officials

Section 22 - User Fees & Charges

Section 23 - Community Grants and Programs

Section 24 - Reserve Summary

Section 25 - Appendix

Previous Budgets

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

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

City Programs by Department

City Programs - Costing

Department User Fees and Charges Policy and Procedure

Management and Financial Reporting Policy

Operating and Capital Expenses Policy

Procurement Policy and Procedure