Budget and Finances

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Budget

The City of Peterborough follows an extensive process for establishing our operating and capital budgets each year. We hold several public meetings - before setting the guidelines for developing the draft budget, before Council holds its budget deliberations for discussing and debating on the items in the budget, and before Council considers final approval of the budget. Residents engage with Council members and City staff on community priorities and on what's in the draft budget.

View our City Budget page for more information on revenues, expenses, services, capital projects, and how to get involved in the City's annual budget process.

For more information on the Budget process, visit our online community engagement hub at www.connectptbo.ca/2025budget.

City Budget page

Past budgets

2024 Budget

City Council approved the 2024 Budget at a City Council meeting on Monday, December 11, 2023.
2023 Budget

Council approved the City's 2023 Budget on Monday, January 30, 2023.
2022 Budget

Council approved the City's 2022 Budget on Monday, December 13, 2021.

Council held a series of virtual drop-in meetings in March and April to hear from the community on priorities for the 2022 Budget. On July 26, 2021, Council approved the preliminary 2022 Budget Guideline that sets the direction for the creation of the draft 2022 Budget. It held a public budget meeting in November before going through the budget documents as Finance Committee. 
 2021 Budget

2020 Budget

2019 Budget

2018 Budget

2017 Budget

Consolidated financial reports

Annual Audited Financial Statements are compiled and released each year in November for the previous year. Please contact Financial Services for reports prior to 2015.

Financial reports

Financial Information Return

The City of Peterborough submits an annual Financial Information Return (FIR) to the Ministry of Municipal Affairs and Housing. Learn more about FIR reporting and review the City's annual FIRs online by visiting the Government of Ontario’s Financial Information Return website.

Public sector salary disclosure

The Public Sector Salary Disclosure Act, 1996, requires all public sector employees who receive more than $100,000 annually plus benefits must be reported publicly in the following year. You can search the public sector salary disclosure online.  

Purchasing

The City of Peterborough abides by our Procurement By-Law when we procure goods and services. Our bids and tenders process complies with this by-law.