The City of Saskatoon received another 'AAA/Stable' credit rating from the international bond-rating agency, Standard & Poor’s Global Ratings ( S & P) January 2017. Receiving a AAA credit rating essentially means that the City of Saskatoon can borrow money at lower rates, and is viewed by financial institutions as having virtually no-risk with respect to defaulting on credit. The City of Saskatoon has received the 'AAA/Stable' credit rating every year for more than a decade. The S&P January 2017 Report notes the City’s historically stable budgetary performance and it outlines a healthy financial picture for the immediate future.
The annual Operating Budget is tabled by the Administration with the Budget Committee for review followed by the formal City Council approval based on the Budget Committee's recommendations.
In past years this process has been completed in April after the Provincial Operating Grant to the Cities have been announced in the Provincial Budget in March. With the new Municipal Operating Grant based on a formula tied to an equivalent of 1% PST, the Province has made it easier for municipalities to budget earlier. The City of Saskatoon hopes to shorten its budget cycle in the near future as a result of this change.
The Capital Budget is tabled by the Administration with the Budget Committee and reviewed by the Committee normally in early December each year. The Committee then forwards its recommendations to City Council for formal approval shortly thereafter.
Report on Service, Savings and Sustainability (SSS Report)
2016/2015 / 2014/ 2013 - Service, Savings and Sustainability
Report to Citizens
Audit Report - Saskatoon Land - Inventory and Revenue System (2014)
Audit Report - Golf Course Inventory System (2014)
Audit Report - Inventory Management System (2014)
Audit Report - Saskatoon Light and Power Payroll System (2014)
Audit Report - Landfill Revenue Collection System (2014)
Audit Report - Animal Services Program Revenue System
Audit Report - Affordable Housing Incentives (2013)
Audit Report - Credit Union Centre Revenue Collection System (2013)
Audit Report - Woodlawn Cemetery Revenue Collection System (2013)
Land Branch - City Owned Land Rental Revenue Program (2013)
Revenue Branch - Revenue collecction System (2013)
Community Services - Payroll System (2013)
Vehicles and Equipment - Payroll System (2013)
Internal Audit Plan - 2013-2014 (Revised)
TCU Place Payroll System (2013)
Grants Administration (2013)
Transit Services Branch - Revenue Collection System (2012)
Internal Audit Plan - 2012-2014
Saskatoon Fire & Protective Services Payroll System Audit (2012)
Audit Report - Ticket Sales Revenue Collection System – TCU Place (2012)
Audit Report – Safeguarding Civic Facilities – Physical Access (2012)
Audit Report - Impound Lot System (2012)