The Annual Report is part of The City’s commitment to provide effective governance, increased accountability, transparency, and a well-run City. It provides a comprehensive view of the consolidated financial statements in accordance with Canadian generally accepted accounting principles for local governments.
2021 Annual Financial Report
Despite the changing economic environment, The City’s 2021 consolidated financial statements continued to reflect a strong financial picture of a municipality investing in infrastructure to facilitate economic growth, stimulate job creation, and build a more resilient city.
The City of Calgary’s 2021 Annual Report provides consolidated financial statements prepared in accordance with Canadian Public Sector Accounting Standards.
Strong fiscal management is confirmed by The City’s maintaining of its Double A+ and Double A high credit ratings - identified among the best for Canadian Municipalities by Standard & Poor’s and the Dominion Bond Rating Service respectively. Calgarians’ overall satisfaction with the level and quality of City services and programs also continues to remain strong. And our 2021 Fall Citizen Satisfaction Survey indicates that 80 per cent of Calgarians rate their quality of life as good.