Long-term Financial Framework

The Long-term Financial Framework is an important tool in ensuring financial health and financial sustainability of City services. It is the foundation on which Council and staff will build and deliver services and programs that reflect the community’s priorities. The framework was approved in February 2020 and uses three criteria to evaluate the financial health of our municipality:

  • Sustainability – the ability to maintain services over an extended period of time
  • Vulnerability – the level of resiliency to mitigate unexpected negative factors
  • Flexibility – the ability to adapt to changing opportunities

The framework uses these three measures to guide, balance and maintain City service levels and the financial health of the organization over the long-term. In addition, we use the framework to guide decisions and influence corporate policies to ensure we are consistently complying with our long-term financial plan for the City.

Resources and background materials

Staff report: 2019 Financial Condition Assessment and Proposed Long-term Financial Framework

Presentation: BMA Condition Assessment and Long-term Financial Framework

2018 Strategic Asset Management Policy

Investment Policy

General Operating and Capital Budget Policy

Debt Management Policy

General Reserve and Reserve Fund Policy

Latest updates

For more information

Tara Baker, City Treasurer and General Manager of Finance
Finance
City of Guelph
519-822-1260 extension 2084
[email protected]