On May 13, Administration shared two reports with Council.
- Corporate User Fee Policy
- Investment Committee Report.
The City is creating a Corporate User Fee Policy to provide a consistent, fair and transparent approach to setting user fees across all its services. As user fees have not increased with inflation or the City’s costs, this policy aims to improve accountability in how we set user fees and improve cost recovery for a better balance between those who use a service and taxpayers as a whole. The policy will be presented alongside the proposed 2027-2030 Budget in the fall.
The 2025 Investment Committee Report provides the performance results for the City’s investment portfolio. Over the last decade, the City’s investments have contributed over $1 billion in dividends and earnings. The report showed that City investments have outperformed their benchmarks over a one-year, four-year and ten-year basis. The City uses the investment earnings to support infrastructure needs for a growing population. The success of our investments has been a large factor in the City being able to provide a robust and growing capital program. The City’s Ed Tel Endowment Fund paid $48 million in dividends to the City in 2025 and ended the year at an all time high valuation of $1.2 billion dollars.
The City has strong investment policies and procedures and the funds are managed by experts to help maximize our investment returns and grow the City’s financial assets. As part of its commitment to financial accountability and transparency, the City shares its investment results every year.