TAMRMS#: B06
8.2
title
Audited Financial Statements and Year End Annual Report TIME SPECIFIC 1:15 p.m.
Presented by: Bill Fletcher, Chief Administrative Officer
label
RECOMMENDED MOTION(S)
recommendation
That the City's 2023 Annual Report, including the audited Consolidated Financial Statements for the fiscal year ended December 31, 2023, be approved.
body
PURPOSE OF REPORT
The Annual Report includes 2023 operational highlights, progress achieved towards implementing the City of St. Albert Strategic Plan, statistical information, and discussion of the financial statements, as well as the 2023 audited consolidated financial statements.
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. The report highlights the City's major accomplishments, and it presents the City's audited consolidated financial statements, statistics, and management commentary.
Administration continued to deliver over 150 services to the community with some service highlights provided in the report. In addition, great progress was made on advancing, supporting and enabling achievement of priorities outlined in the Council's Strategic Plan.
Below are highlights of the projects completed in 2023 across the five Council priority areas. The 2023 Annual Report contains more information on all other projects.
Economic Prosperity
In 2023, progress was made on advancing this Council priority and completion of several projects including the Green Tape 2.0 initiative, which improved planning and development processes as identified in the Competitive Analysis report recommendations, the Northwest Annexation Area Bridging Document and Investment Attraction Strategy, and great progress was also made on the St. Albert West Area Structure Plan and Land Use Bylaw Update, that are expected to complete in 2024. The Lakeview Business Distr...
Click here for full text