Budget
The City of Peterborough follows an extensive process for establishing our operating and capital budgets each year. We hold public meetings - before Council sets the guidelines for developing the draft budget. Council discusses and reviews items in the budget during budget deliberations before it 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.
Budget documents
| 2025 Budget |
| The Draft 2025 Budget was presented to City Council on Monday, November 4, 2024. It is anticipated to be considered for adoption on December 9, 2024. Interactive Budget The OpenBook budget tool enhances the transparency of the City's Budget by allowing us to share financial information visually in accessible and easy to understand formats. View our budget data using charts, tables, and graphs. We hope you find this helpful. Through our OpenBook reports, you can start at the organizational level then click on a department to go down to the division/section/service level as you explore the financial information for the City. Flip between charts, tables and graphs to display the data in a way that visualizes the information based on your preference.In OpenBook tables, all column headers labeled as "Current Year" refer to 2025; "Previous Year" refers to 2024. Please note: The 2025 Budget is the first year that the City has used this budget tool to enhance how it shares information with residents. We're learning how to use the new platform and will be adding features and reports as we explore the tool's capabilities. |
| 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.
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