Annual Reports
Financial Statements
The City of Sarnia Financial Statements included within the annual reports are prepared based on the Canadian Public Sector Accounting Standards.
The Finance Department is responsible for ensuring that financial statements follow the financial policies approved by Council.
2022 Financial Statements
2021 Financial Statements
2020 Financial Statements
2019 Financial Statements
2018 Financial Statements
2017 Financial Statements
2016 Financial Statements
2015 Financial Statements
2014 Financial Statements
2013 Financial Statements
2012 Financial Statements
2011 Financial Statements
Financial Reports
The financial reports, presented in accordance with Section 295(1) of the Ontario Municipal Act, highlight the financial operations of the City of Sarnia. These reports consolidate the operations, assets, and liabilities of the City and its local boards and municipal enterprises: Transit Special Area, Sewer Special Area, Sarnia Waterworks and Sarnia Police Services Board.
The financial information has been extracted from the City’s audited Financial Statements.
2022 Financial Report
2021 Financial Report
2020 Financial Report
2019 Financial Report
2018 Financial Report
2017 Financial Report
2016 Financial Report
2015 Financial Report
2014 Financial Report
Quarterly Budget Status Reports
The following Budget Status Reports provide a summary by department with columns defined as:
- Budget represents the Operating, Transit, Sewer, and Water budgets as approved by Council.
- YTD Actuals represents the actual year to date revenues and expenses. Currently, we do not accrue for all revenues or expenses that have not been received or paid and therefore some figures may be based on processed items only.
- Forecast represents anticipated year-end revenues and expenses based on actual results to the end of the period, plus forecasted amounts to the end of the year.
- Variance represents the difference between the Budget column and the Forecast column. A variance in brackets represents a negative variance and is an unfavourable result.
| 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Q1 Budget Status available May 2024 | Q1 Budget Status | Q1 Budget Status | Q1 Budget Status |
| Q2 Budget Status available September 2024 | Q2 Budget Status | Q2 presented with Q3 due to Council meeting schedule | Q2 Budget Status |
| Q3 Budget Status available November 2024 | Q3 Budget Status | Q3 Budget Status | Q3 Budget Status |
| Q4 Preliminary Year End available May 2025 | Q4 Preliminary Year End available May 2024 | Q4 Preliminary Year End | Q4 Preliminary Year End |
Public Sector Salary Disclosure
In accordance with the Public Sector Salary Disclosure Act, the City of Sarnia annually discloses the names of all of our employees who were paid $100,000 or more the previous year.
2023 Public Sector Salary Disclosure
BMA Municipal Study
Sarnia participates in a comparative survey conducted by BMA Management Consulting Inc., that includes financial data from 121 Ontario municipalities.
The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipality’s financial condition.
- Socio-Economic Indicators
– Land Density
– Population Growth
– Household Income
– Assessment per Capita
– Assessment Change
– Residential Properties
– Construction Activity - Municipal Financial Sustainability Indicators
– Financial Position per Capita
– Asset Consumption Ratio
– Reserves
– Debt Indicators
– Taxes Receivable as a % of Taxes Levied - Revenue & Expenditure Analysis
- Select User Fee and Revenue Information
– Development Charges - Tax Policies
- Comparison of Relative Taxes
- Comparison of Water/Sewer Costs
- Property Taxes and Water/Wastewater as a % of Income
- Economic Development Programs
It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal Study will achieve the following goals and objectives:
- To help municipal decision makers in assessing market conditions
- To understand the unique characteristics of each municipality
- To understand the relationship between various controllable and uncontrollable factors in addressing a municipality’s competitive opportunities and challenges
- To develop a database of material that can be updated in future years to assess progress and establish targets
- To create awareness of the trends and the potential need to modify policies
- To assist in aligning municipal decisions in property taxation with other economic development programs and initiatives
- To assist municipalities in developing a long-term strategy for property taxation to achieve municipal competitive objectives in targeted property classes
- To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns
- To understand the impact of reassessment and growth
- To identify areas that may require further review (e.g. service levels, user fees, service delivery)
To view the report, please click on the link below.
If you would like to purchase a copy of the report in its entirety, the cost is $50.00, and can be ordered by contacting the Finance Department at 519-332-0330 ext 3254 or by e-mail at finance@sarnia.ca.
If you require any of the documents above in an alternate format, please contact the Accessibility Coordinator at 519-332-0330 extension 3309 or access@sarnia.ca.