Our capital budgets are developed to strategically finance long-term expenditures and fixed assets, such as facilities. We evaluate long-term investment proposals and estimate future cash flows.
Our water and wastewater budgets are fully funded by user rates with no reliance on property taxes. The water and wastewater rates fund both operating and capital expenditures.
Our water and wastewater financial plans include statements that project water and wastewater assets, liabilities, accumulated surplus, revenue and expenditures.
Our consolidated financial statements present the financial position of the Corporation of the City of St. Catharines and its consolidated results of operations, changes in net financial assets and cash flows for the year ended in accordance with Canadian public sector accounting standards. Statements are reviewed by an independent auditor each year.
