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 Policy Statement that was approved by Council on June 13, 2005.
2018 Financial Statements
2017 Financial Statements
2016 Financial Statements
2015 Financial Statements
2014 Financial Statements
2013 Financial Statements
2012 Financial Statements
2011 Financial Statements
2010 Financial Statements
2009 Financial Statements
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.
2018 Financial Report
2017 Financial Report
2016 Financial Report
2015 Financial Report
2014 Financial Report
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.
2018 Public Sector Disclosure
BMA Municipal Study
Sarnia participates in a comparative survey conducted by BMA Management Consulting Inc., that includes financial data from 108 Ontario municipalities.
The executive summary at the beginning of the 2018 BMA Study shows the City of Sarnia’s results for:
- Socio-Economic Factors
– Population Statistics
– Household Income
- Financial Indicators
– Sustainability, Vulnerability, Flexibility
- Analysis of Net Municipal Levy Per Capita and Per Assessment
- User Fees
- Comparison of Tax Ratios
- Taxes and Comparison of Relative Taxes
- Comparison of Water and Sewer User Costs
- 2018 Property Taxes and Water/Waste water Costs as a percentage 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:o help municipal decision makers in assessing market conditions
- 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)
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