Budgets, financial statements, audit and evaluation reports

The budget approved by the City Council sets out the funding allocated for the provision of basic services to residents, as well as the city’s revenue estimates to cover these funding requirements.

The boards and executive committees submit their own draft budgets. The budget is considered by the City Executive Board before being submitted to the City Council, which approves it annually towards the end of the year.

The municipality’s financial year is the calendar year. The financial statements for the financial year must be prepared by the end of March. The City Council will consider the financial statements in June.

The Audit Committee prepares matters relating to the audit of administration and finances for the council, in place of the municipal executive board. The Audit Committee draws up an audit plan and submits an annual audit report to the council, setting out the results of the audit. The audit report is considered by the council in conjunction with the financial statements.