​​Hemson Consulting Ltd. (Hemson) was engaged in 2015 to develop a long-term financial master plan to evaluate the City’s financial sustainability and to provide a long term financial plan for the City with financial policy recommendations and funding options.

The Long Term Financial Plan from Hemson highlights the City’s current financial sustainability and provides a series of policy recommendations to enhance rigorous financial management of the City’s resources. It also identifies potential funding alternatives for addressing the major strategic initiatives that will be subject to decisions in the short to medium term.

Long-Term Financial Master Plan (Hemson Report)

Council endorsed the Long Term Financial Plan as the basis for ongoing financial planning efforts, with further reporting from staff to recommend action on the specific policy recommendations.

Council Agenda July 5, 2017