View the long term financial plan
You can view the full Long Term Financial Plan (LTFP) and track the City’s decade-long targets for taxes, reserves, and infrastructure. The plan shows how we will pay for services and upgrades over the next ten years, helping Council make choices that keep your taxes stable and your services reliable.
Every decision we make—whether building a new park, upgrading water pipes, or hiring staff—has a long-term cost. The LTFP brings those future costs into view so we can plan carefully instead of reacting to emergencies later.
How the plan works
Financial planning in Wrenford works in layers. It starts with a 100-year vision for the community. That vision guides long-range plans for growth and development over the next 30 to 60 years. The LTFP sits in the middle, translating those big goals into affordable 10-year financial targets. From there, the four-year business plans and annual budgets turn those targets into funded programmes and day-to-day projects.
The plan is not set in stone. We review it every year and adjust the numbers as the economy changes, new projects get approved, or community priorities shift. The next update, the 2027–2037 Long Term Financial Plan, will be presented to Council in May 2027. We will use that report to set the financial context for the 2028 budget cycle.
Key financial targets and policies
To keep the city financially healthy, we follow strict policies that limit risk and protect your tax dollars. The LTFP tracks our progress against these targets using a Financial Health Scorecard.
Reserve funds and infrastructure
We save money in reserve funds specifically for replacing ageing assets. The Major Renewal Reserve covers large equipment and transit upgrades. The Park Renewal Reserve funds trail resurfacing and playground replacement. By funding these reserves steadily, we avoid sudden tax spikes when equipment reaches the end of its life.
Debt and borrowing limits
The City keeps its borrowing safe and predictable. We limit long-term debt to a maximum of 20 years, matching the useful life of the infrastructure we build. We also cap debt servicing at below 10% of operating costs, which keeps property taxes stable and predictable for residents and businesses.
Review financial reports
Transparency is a core part of our financial strategy. You can track how we manage public funds through several public reports:
- View the current annual budget shows what we plan to spend this year.
- View the capital works program lists all major infrastructure projects and their timelines.
- View operating variance reports compares actual spending against the approved budget every quarter.
- View internal audit reports provides independent checks on our financial controls and risk management.
Get involved
The LTFP is shaped by community priorities. During the budget engagement season, we host pop-up information tables at community centres and libraries, and we run the online Community Budget Survey. Your feedback helps us set the financial targets for the next decade.
Plain language budget summaries and financial fact sheets are available to help you understand how tax dollars flow through the city.
Contact the finance team
If you have questions about the long term financial plan, reserve funds, or borrowing policies, reach out to the Finance Department.
Phone: 519-555-0147
Email: [email protected]