City (of Saskatoon) Releases 2019 Annual Report

City (of Saskatoon) Releases 2019 Annual Report

by ahnationtalk on August 7, 2020170 Views

August 5, 2020

The City of Saskatoon’s 2019 Annual Report is now available online.

The Financial Statements continue to show prudent financial management and responsible governance by the Administration and City Council.

The City continues to enjoy a strong and steadily growing economy, which can be seen by the City’s 2019 ending surplus of $0.518 million compared to a deficit of $3.02 million in 2018, a healthy Statement of Financial Position along with a AAA/Stable credit rating from S&P Global.

The Annual Report provides an overview of:

  • The City’s Audited Consolidated Financial Statements;
  • Financial Discussion & Analysis on the City’s Financial performance and forecasts;
  • Updates on Major Projects and Initiatives; and
  • Updated Performance Measures made against goals outlined in the City’s 2018 – 2021 Strategic Plan.

The City’s fiscal year runs from January 1 to December 31.

View other performance and finance-related reports at saskatoon.ca.

NT5

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