Finance

These indicators relate to the financial sustainability of the City.
 

Indicators


City Revenues Per Capita

City revenue measures the total revenue collected by the City, including grants and operating revenue (collected via taxes, user fees, etc) divided by the number of residents.

Reporting frequency: Annually     Last updated: 2018

Comments

There has been a modest increase in 2018 due to an increase in revenues that exceeded the increase in population. The revenue increase was mostly due to increases in property taxes and contributed assets relative to the previous year.
 


 

Corporate Expenditures Per Capita

Corporate expenditures per capita measures the total operating expenditures incurred divided by the number of residents in each city. This indicator is reported annually and shows how much St. Albert spends relative to other cities to maintain city services.

Reporting frequency: Annually     Last updated: 2018

Comments

There has been no appreciable change in this measure in 2018. St. Albert remains competitive with other mid-sized municipalities in per capita costs.
 


 

Financial Reserves as Percent of Total Revenue

Measures the City's reserves as a percentage of total consolidated revenue. Main sources of revenue include property taxes, sales and user fees, and government transfers.

Reporting frequency: Annually     Last updated: 2018

Comments

There has been a decrease in 2018 due to a decrease in capital reserves while revenues increased by $10.8 million over the previous year. Reserves will often fluctuate due to emerging operating and capital requirements that occur in the normal course of events.
 


 

Investment Rate of Return for the City

The indicator shows the City's short-term investment returns as compared to the Canadian 1 year Treasury Bill rate. The City invests in short-term notes and deposits, corporate bonds, and government bonds.

Reporting frequency: Annually     Last updated: 2019

Comments

Average Rate of Return for short-term investments in 2018 is higher than in 2017 due to investments in a few short-term bonds with higher interest rates. The average T-bill rate has increased from 1% in 2017 to 1.82% in 2018.
 


 

Property Tax Revenue as a Percent of Total Revenue

Measures the percentage of City revenue that is derived from property taxes.

Reporting frequency: Annually     Last updated: 2018

Comments

The City's reliance on property taxes as a source of revenue has not changed in 2018.
 


 

Total Debt to Provincial Limit Ratio

Measures how much the City is borrowing. It shows the percentage of total City debt to limit allowed by the province.

Reporting frequency: Annually     Last updated: 2018

Comments

In 2018 St. Albert continues, by a wide margin, to report the minimum use of debt relative to the debt limit prescribed by the province compared to other mid-sized Alberta cities. This measure is expected to rise marginally in the next several years due to Council-approved debt for upcoming projects.
 


Related Pages

Last edited: November 22, 2022