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Financial Information
Budget Process
Each fiscal year, County Council provides general budget direction to administration at the beginning of the third quarter. This direction sets the desired service levels and desired tax increase. During this same period, long-range capital plans are updated by administration and reviewed by Council prior to department budget preparation. The budget process begins in June and culminates with budget presentations by management to Council at open Council meetings in November. Formal adoption of the budget occurs in December for the subsequent year.
Click here for information on Parkland County’s Municipal Budget.
Accounting Process
Parkland County has a centralized accounting process. The Financial Services department is responsible for the common financial and computer systems used to record all financial transactions. The Financial Services department, in partnership with the County’s Auditor, also prepares the annual financial statements and provides monthly financial reporting to both Council and line department managers.
Audit Process
The Municipal Government Act requires County Council to appoint an auditor, who cannot be either a County Councillor or employee. Accordingly, County Council has appointed the firm of KPMG, LLP Chartered Accountants as auditors for Parkland County. The Auditor must report to Council on the annual financial statements. The act also requires that municipal financial statements are prepared in accordance with generally accepted accounting principles for municipal governments as recommended by the Canadian Institute of Chartered Accountants.
Parkland County continues to maintain its strong financial position. Parkland residents can be confident that their County’s finances are managed in a prudent and responsible manner.
Annual Financial Reports
Click here to view the Annual Financial Report Year End 2011 (PDF)
Click here for the easy view version of the 2011 Annual Financial Report.
Click here to view the Annual Financial Report Year End 2010. (PDF)
Click here to view the Annual Financial Report Year End 2009. (PDF)
Click here to view the Annual Financial Report Year End 2008. (PDF)
Click here to view the Annual Financial Report Year End 2007. (PDF)
Click here to view the Annual Financial Report Year End 2006. (PDF)
Audited Financial Statements
Click here to view the 2012 Audited Financial Statements (PDF)
Click here to view the 2011 Audited Financial Statements (PDF)
Click here to view the 2011 Financial Information for Parkland County only (PDF)
Click here to view the 2010 Audited Financial Statements (PDF)
Click here to view the 2009 Audited Financial Statements (PDF)
Click here to view the 2008 Audited Financial Statements (PDF)
Click here to view the 2007 Audited Financial Statements (PDF)
Click here to view the 2006 Audited Financial Statements (PDF)
