Council approves 2022 City of Lethbridge Annual Report
Lethbridge City Council on Tuesday voted unanimously in favour of approving the 2022 City of Lethbridge Annual Report, which features a comprehensive breakdown of City finances and the 2022 audited financial statements.
The Annual Report is a cornerstone of the City’s commitment to open, transparent government and helps residents understand how their tax dollars and other municipal funds are managed. It outlines the money needed to operate and grow our City, as well as the taxes and grant money collected to pay for these expenses. Understanding how tax dollars are spent helps the community see the value they get living in Lethbridge and builds trust and confidence between residents and local government.
The full 72-page document can be found here: https://www.lethbridge.ca/City-Government/Financial-Documents/Documents/Reporting/2022AnnualReport.pdf
Section 276 of the Municipal Government Act requires for each municipality to prepare annual financial statements of the municipality for the immediately preceding year. The Audit Committee reviewed the City of Lethbridge Annual Report at the April 5, 2023 meeting and recommended its approval.