TAMRMS#: B06
6.1
REQUEST FOR DECISION
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CAO Presentation of the Proposed Financial Plan and 2026 Budget
Presented by: William Fletcher, Chief Administrator Officer
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RECOMMENDED MOTION(S)
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That the proposed City of St. Albert Financial Plan and 2026 Budget be referred to the Committee of the Whole.
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SUMMARY
This report presents the Proposed Financial Plan and 2026 Budget for Council's review, deliberation, and consideration of approval.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
Sections 242 and 245 of the Municipal Government Act provide that a Council must adopt both an operating budget and a capital budget for each calendar year.
Section 283.1(2) also requires a municipality to prepare a written plan respecting its anticipated financial operations over a period of at least the next 3 financial years.
Section 283.1(3) requires a municipality to prepare a written plan respecting its anticipated capital property additions over a period of at least the next 5 financial years.
BACKGROUND AND DISCUSSION
The Municipal Government Act (MGA) requires a Council to adopt operating and capital budgets each year. The City's business planning and budget process is a comprehensive undertaking guided by the Community Vision, Council's Strategic Plan and approved Services and Service Levels Inventory, to help ensure the plan and budget reflect the needs and priorities of the community.
The proposed 2026 Budget is informed by Council-approved services and service levels, Council's Strategic Plan, the Corporate Business Plan and community feedback. As a fiscally responsible municipality, we continue to focus on operational improvements, managing resources and corporate risks effectively while balancing increased costs and required investments for a sustainable future.
As we evolve, and our urban footprint expands, we are looking to stimulate economic growth by creating more employment and business opportunit...
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