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Back  |  June 20, 2017  | 


Below is the current summary year to date results ending April, 2017

Account ($ Million)
Total City YTD Variance (in the graph) $9.9
Minus: Utilities (Self-supported) YTD Variance -$4.8
Equal to Total Tax-Supported YTD Variance $5.1

Total Tax-Supported YTD Variance is made up of:

Account ($ Million)
Business units favourable variances $0.8
Corporate Programs favourable variances $4.3
Total: $5.1
Minus: Contribution to Business Savings Account -$1.5
Total Tax-Supported YTD Variance After Contribution to BSA $3.6

Fiscal Stability Reserve (FSR)(Rainy Day Fund) Balance

Account ($ Million)
YTD Balance $557.8M
Estimated Interest Income $9.0M
Less: outstanding commitments $227.6M
Uncommitted Balance $339.2M
Percentage of Tax-supported Net Expenditures 10.7%
Balance of FSR Flood Commitments - Unspent * $115.5M

*Included as part of "outstanding commitments"

Our favourable variances are decreasing throughout the year so far, uncertainty remains for the rest of the year.

On the Capital Budget side:

  • 2017 Budget $2.358B
  • 2017 Spend $323M
  • 2017 Send % 13.7% (on track) * spend increases Q2-Q3 due to seasonal weather.

Categories: City Finances; City Finances Blog; Councillor

This content represents the personal views and opinions of the Ward Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.​