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Financial Reporting

Budget

The City of Saskatoon received another 'AAA/Stable' credit rating from the international bond-rating agency, Standard & Poor’s Global Ratings ( S & P)  January 2017. Receiving a AAA credit rating essentially means that the City of Saskatoon can borrow money at lower rates, and is viewed by financial institutions as having virtually no-risk with respect to defaulting on credit. The City of Saskatoon has received the 'AAA/Stable' credit rating  every year for more than a decade. The S&P January 2017 Report notes the City’s historically stable budgetary performance and it outlines a healthy financial picture for the immediate future.

 Standard & Poor's Global Ratings January 2017 AAA Report for Saskatoon 

Operating Budget

The annual Operating Budget is tabled by the Administration with the Budget Committee for review followed by the formal City Council approval based on the Budget Committee's recommendations.

In past years this process has been completed in April after the Provincial Operating Grant to the Cities have been announced in the Provincial Budget in March.   With the new Municipal Operating Grant based on a formula tied to an equivalent of 1% PST, the Province has made it easier for municipalities to budget earlier.  The City of Saskatoon hopes to shorten its budget cycle in the near future as a result of this change.

Capital Budget

The Capital Budget is tabled by the Administration with the Budget Committee and reviewed by the Committee normally in early December each year. The Committee then forwards its recommendations to City Council for formal approval shortly thereafter.

 

Financial Reports
 

Budget 

 

Report on Service, Savings and Sustainability (SSS Report)

 

Public Accounts

 

Annual Reports

 

Report to Citizens

 

Audit Reports