2012 Budget and Annual Financial Report

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2012 Capital Budget and 2012-2021 Capital Plan

The 2012 capital budget and plan was presented to Red Deer City Council on Thursday, November 24. Following budget discussions, Council approved the capital plan for 2011 in the amount of $94,862,000.

The budget is a complicated process. These documents help to explain the budget process and details.

Capital Plan Overview Document (pdf)
Capital Plan Q&A Backgrounder (pdf)

There are a variety of capital projects on the books for 2012 we would like to highlight.

Spray Park (pdf)
Taylor Drive / Ross Street Realignment (pdf)
Gaetz Avenue Revitalization Phase Two (pdf)
Red Deer Curling Centre (pdf)
Waste Management Facility Cell Construction (pdf)
Riverlands Area Redevelopment (pdf)

2012 Operating Budget

The City's 2012 operating budget was approved by Council on January 16, 2012. This includes a tax increase of 4.32 per cent on a typical residential home and a total operating budget of 272.6 million.

Where does your tax dollar go? Click on the brochures below to see how municipal tax dollars are being budgeted through the 2012 base budget.

Budget 2012 - Invest in a decade to prosper a century (pdf)
Budget 2012 Fast Facts (pdf)
Budget 2012 Operating presentation and debate schedule (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.

2012 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.

2012 Annual Financial Report (pdf)