Revenue Sources
In order to fund the approved 2023-2024 budget, The City relies on multiple revenue sources. Find the breakdown of each source below, and click on each to see further detail.
38.07%
Net municipal taxes
Proposed 2023-2024 Budget
The municipal portion of all property taxes and grants in place, levied, or collected under Municipal Government Act (MGA).
9.09%
User Fees & Sales of Goods
Proposed 2023-2024 Budget
Sales and user charges are revenue from sales of goods and services to individuals, organizations or other governments. Examples of this revenue are land sales revenue, utility service charges, and user fees for city owned recreation facilities.
3.98%
Grants
Proposed 2023-2024 Budget
Operating grants received from federal, provincial, and local governments.
1.05%
Investment Income
Proposed 2023-2024 Budget
Investment income are revenue resulting from short term and long term investments.
1.5%
Fines & Penalties
Proposed 2023-2024 Budget
Penalties are revenue from penalties and interest charges to tax roll, water, and sewer charges.
Fines are revenue from an infraction or uncontested infraction of a law or a bylaw of the municipality.
2.55%
Franchise & concession
Proposed 2023-2024 Budget
Franchise fees are revenue from franchise or concession agreements whereby The City contracts a service which would provide to a franchise or holder in return for a percentage of gross sales or retail revenue. One example of this revenue is ATCO gas franchise fee.
0.92%
Licenses & Permits
Proposed 2023-2024 Budget
Licenses and permits: are revenue from the issuance of municipal licenses and permits.
1.88%
Other revenue
Proposed 2023-2024 Budget
The major items within this category are:
- Transmission Admin Recovery for ELP Dept (revenue from Alberta Electric System Operator (AESO) - the electric system operator in Alberta)
- Rent/Lease Recreation Facility, Buildings, equipment, land, food services and poles
The minor items will be:
- work for 3rd Party
- Sanitary Revenue (disposal station usage)
- locker income
- Insurance and Advertising recoveries
- event cost recovery
- sponsorships
- donations
1.7%
Contributed Asset Revenue
Proposed 2023-2024 Budget
These are non-cash revenue assets contributed by third parties such as developers. The cost of the contributed asset is considered equal to its fair value at the date of contribution.
38.48%
Utility user fees
Proposed 2023-2024 Budget
Includes utility user fees like transit revenue, electric transmission recovery, facility user fees, equipment and facility rentals, and parking. Typically used to fund related department activities (e.g., utility user fees fund utility operation).
0.77%
Rental & lease revenue
Proposed 2023-2024 Budget
Rental & lease revenue