2016 Budget and Annual Financial Reports

Each year The City determines the funds it requires for its operating and capital budget. City Council approves these requirements at separate times.

Budget timeline

Capital Budget - view full details here Operating Budget - view full details here
On November 24 and 25, Council
deliberated and approved 2016 capital
budget and 2017-2025 capital plan

December 10 Recommended capital budget released
December 10-29 Public feedback on 2016 operating budget accepted
January 11-15 Council deliberated and approved 2016 operating budget

Capital budget

The capital budget indicates the funds needed for the first year of the 10-year capital forecast period. It is how we pay for major projects such as reconstructing streets; building and improving public facilities such as recreation facilities, community centres, parks and fire halls; dealing with growth pressures such as new streets; and new initiatives. These costs are similar to adding an addition to your home this year.

View the complete list of the capital budget projects being considered for 2016. Once you've had a chance to review them, give Council your opinion.

Operating budget

The operating budget shows the day-to-day costs of delivering programs and services for the next year. These costs are similar to your everyday household expenses such as mortgage payments, utilities or groceries.

For general information on the budget and processes, click here.

2016 Annual Financial Report

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.

2016 Annual Financial Report (pdf)