2016 Budget and Annual Financial Reports
|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|
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.
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.