2018 Budget and Annual Financial Report

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

Capital Budget: 
On November 29 and 30, Council will deliberate the 2018 Capital Budget and 2019-2027 Capital Plan. A 2018 Capital Budget of $81.05 million will be considered.

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.

Operating Budget: 
Starting in January 2018, Council will being deliberation on the 2018 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.

Visit our Budget and Annual Financial Reports page for general information on the budget and processes.