At the Regular Council Meeting on December 21, 2020, Council approved the 2021-2022 Operating Budget, the 2021-2022 Capital Budget, and the 2021-2030 Capital Plan (as a planning document for informational purposes).

2021-2022 Budget Highlights

  • The 2021-2022 Operating Budget was approved with total operating expenditures of $55,392,635 and $55,625,382 (including general operating expenditures of $40,987,886 and $40,871,949, utility operating expenditures of $14,404,749 and $14,753,433, and transfer to capital of $3,398,309 and $3,354,179)
  • The 2021-2022 Capital Budget was approved with total project costs of $23,502,500 and $35,221,251
  • No planned increase to property taxes for 2021 or 2022 which equates to 3 years of 0% increase to property taxes in the City of Camrose
  • 1% water and wastewater utility fee increase effective January 1, 2021 and 2022 to ensure adequate funds exist for long-term capital funding within the water and wastewater areas
  • In response to the continued reduction in infrastructure funding from the Government of Alberta, an increase to the electricity franchise fee from 13% currently to 14% effective April 1, 2021 and to 15% effective January 1, 2022
  • Continued dedicated funding of $3 million per year on roads, sidewalks and traffic signals to ensure that the condition of the transportation infrastructure is maintained at an acceptable level
  • Transfer to the Regional Recreation Facilities Infrastructure Reserve to ensure the long-term financial viability of the current existing facilities
  • Construction of a new Public Works Building on the existing public works site at 51 Avenue at a total cost of $11.25 million to be completed in 2023
  • Upgrading of the Waste Water Treatment Plant and lagoon system in order to meet the new environmental regulations at a total estimated cost of $42.2 million to be completed in 2023
  • Commitment to upgrading and maintaining local control of the 911 emergency dispatch service

Council also approved the increase to the Electricity Franchise Fees to offset the decreased provincial infrastructure funding to from 13% to 14% for Electricity effective April 1, 2021 and from 14% to 15% effective January 1, 2022. The 1% increase on these fees is the equivalent of about $1.20/month for the average user.

Current and historic budget and financial documents are available below. If you have any questions about these documents, please contact us at 780.672.4426 or at financialservices@camrose.ca. 

Operating Budget

Operating budgets cover the City's day-to-day operations. Some examples would be snow removal, parks, libraries, and building maintenance.

Capital Budget

Capital budgets cover larger assets and municipal projects. Some examples would be a new building roof, road repairs, replacement vehicles and computer equipment.

Audited Financial Statements

Below you will find the last audited financial statements available to the public. Included is the previous year's budget and the budget for the current year. Contact us if you would like a copy of previous reports.

 

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