TAMRMS#: B06
9.1
REQUEST FOR DECISION
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Audited Financial Statements and Year-End Annual Report *TIME SPECIFIC: 1:00 p.m.*
Presented by: Bill Fletcher, Chief Administrative Officer
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RECOMMENDED MOTION(S)
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That the City's 2024 Annual Report, including the audited Consolidated Financial Statements for the fiscal year ended December 31, 2024, be approved.
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SUMMARY
The purpose of this report is to bring forward the City's 2024 Annual Report, including the Consolidated Financial Statements, for approval.
BACKGROUND AND DISCUSSION
The Annual Report is an important element of the City's communication efforts, providing residents and stakeholders with transparent and quality information on the City's performance and financial position.
The report highlights the City's major accomplishments, and it presents the City's audited consolidated financial statements, statistics, and management commentary.
Administration has continued to deliver over 150 services to the community, with some highlights of these services provided in the report. In addition, great progress was made on advancing, supporting and enabling the achievement of priorities outlined in the Council's Strategic Plan.
Below are highlights of the projects completed in 2024 across the five Council priority areas. The 2024 Annual Report contains more information on all other projects.
Economic Prosperity
The Lakeview Business District Servicing project advanced with Council's approval of Capital Project Charter ENGS-085, covering road redesign, utilities, and infrastructure. Funding was secured through Borrowing Bylaw 26/2024. The St. Albert West Area Structure Plan (ASP) was approved in September, enabling Neighbourhood Plan development for the Badger Lands and Lakeview, with completion extended to March 2025. The Collaborative Economic Development (CED) project finalized its Framework, Memorandum of Understanding (MOU), and funding commitment letter, with the ...
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