2013 Budget and Annual Financial Report

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2013 Budget

Strategic Plan
Mid-year Budget Charter Updates (pdf)

The mid-year capital and operating budget as well as the mid-year capital projects was presented to City Council on Tuesday, August 20.

Mid-Year Capital & Operating Budget Presentation (pdf)
Mid-Year Capital Projects Presentation (pdf)

2013 Capital Budget and 2013-2022 Capital Plan

The 2013 capital budget and plan was presented to City Council on Tuesday, November 6. The City of Red Deer presented a capital budget for 2013 totalling $105 million along with a 10 year plan.

The budget is a complicated process. These documents help to explain the budget process and details.
City Manager's Presentation - Capital Budget Overview (pdf)
Chief Financial Officer's capital budget and capital plan presentation (pdf)
Capital Plan Overview (pdf)
Capital Plan Q&A Backgrounder (pdf)

There are a variety of capital projects on the books for 2013 we would like to highlight.
Centennial Projects (pdf)
Riverlands Area Redevelopment (pdf)
Water Treatment Plant Upgrade (pdf)
Wastewater Treatment Plant Upgrade (pdf)

2013 Operating Budget

The City's 2013 operating budget was approved by Council on January 11, 2013. This includes a tax increase of 4.28 per cent on a typical residential home and a total operating budget of 288.5 million.

Want to see where your tax dollars go? Click on the brochures below to see how municipal tax dollars are being budgeted through the 2013 budget.

City Manager's Presentation - Introduction to the 2013 Operating Budget (pdf)
Chief Financial Officer's operating budget presentation (pdf)
Budget 2013 - Completing a century of progress: Maintaining core services and responding to growth (pdf)
Budget 2013 Fast Facts (pdf)

How is the property tax rate set?

In the spring, City Council will set the property tax rates by passing a Tax Rate Bylaw. Rates are determined by dividing the total property tax amount needed among the total taxable assessed value for city properties. There are separate rates for residential, multi-family, non-residential and farmland.

The Annual Financial Report provides an overview of The City’s financial position and financial activities for a particular year. The report includes the consolidated financial statements for the City of Red Deer, prepared in accordance with the standards established by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants, and audited by independent external auditors. The financial statements and auditors’ report satisfy a legislative reporting requirement as set out in the Municipal Government Act of Alberta.

2013 Annual Financial Report (pdf)

Request a Printed Copy of the Annual Financial Report