Capital and Operating Financial Results
The June 30 2023 Operating and Capital Financial Updates went to Council on September 12, 2023.
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The City is responsible for being accountable and transparent when reporting to Edmontonians on financial results, operating and capital budgets, the economy, the City’s credit rating and significant City accomplishments.
The City has consistently received awards for financial transparency, including the Government Finance Officers Association (GFOA) Distinguished Budget Award for 22 years, the GFOA award for Popular Reporting for the last 8 years and the Canadian Award for Financial Report for 29 consecutive years.
The June 30 2023 Operating and Capital Financial Updates went to Council on September 12, 2023.
June 2021 - current
Full Report With Attachments and Council Video
7.1 Capital Financial Update - June 30, 2023
7.2 Operating Financial Update - June 30, 2023
Full Report With Attachments and Council Video
7.2 Capital Financial Update - Dec 31, 2022
7.3 Operating Financial Update - Dec 31, 2022
Full Report With Attachments and Council Video
7.1 Capital Financial Update - Sep 30, 2022
7.2 Operating Financial Update - Sep 30, 2022
Full Report With Attachments and Council Video
6.1 Capital Financial Update - June 30, 2022
6.2 Operating Financial Update June 30, 2022
Full Report With Attachments and Council Video
6.1 Capital Financial Update - Dec 31, 2021
6.2 Operating Financial Update - Dec 31, 2021
Full Report With Attachments and Council Video
6.1 Capital Financial Update - Sep 30, 2021
6.2 Operating Financial Update - Sep 30, 2021
Full Report With Attachments and Council Video
6.1 Capital Financial Update - June 30, 2021
6.2 Operating Financial Update - June 30, 2021
This report includes legislated audited financial statements in adherence with Public Sector Accounting Standards.
This report includes yearly financial results, operating and capital budgets, an economic update and City achievements.
2010 - current
2019 Financial Report to Citizens
2018 Financial Report to Citizens
2017 Financial Report to Citizens
2016 Financial Report to Citizens
2015 Financial Report to Citizens
2014 Financial Report to Citizens
2013 Financial Report to Citizens
2012 Financial Report to Citizens
Performance results for the City’s investment portfolio, which is made up of 6 funds. Over the last decade, the City's investments have contributed more than $860 million to the budget, helping to finance construction projects and offsetting what would have been a 6% property tax increase.
This credit rating is important for the City and Edmontonians because it confirms that the City has the capacity to meet its financial commitments. Maintaining a high-quality credit rating gives the City access to lower long-term borrowing costs to help pay for some of its construction projects.
City | Current Credit Rating |
Last Reviewed by S&P |
---|---|---|
Regina | AAA | May 18, 2023 |
Saskatoon | AAA | January 19, 2023 |
Vancouver | AAA | February 9, 2023 |
Calgary | AA+ | July 13, 2023 |
Ottawa | AA+ | October 20, 2022 |
Winnipeg | AA+ | November 21, 2022 |
Edmonton | AA | July 17, 2023 |
Toronto | AA | October 20, 2022 |