COVID-19 in Burnaby

For COVID-19 information, resources and impacts on City services, visit

 > Home > Our City Hall > Financial Reports

Our City Hall

Was this page helpful? Yes | No

Financial Reports

Burnaby’s Savings – Reserve Funds and Reserves

Burnaby is in the fortunate position of being able to draw from its savings – which we call reserve funds and reserves – to pay for the many significant capital projects under way in the city. This short video demonstrates how we use our savings and their tremendous value, as they allow us to complete major projects without looking to taxpayers to fund them.

Financial accountability is achieved through reporting, monitoring, controlling and auditing programs managed by the Finance Department.

The Annual Financial Plan, and the Annual Municipal Report highlight the activities of the City each year in a number of areas and provide key financial information. These annual reports serve as an opportunity to communicate with citizens, business leaders, and other interested parties regarding the City’s financial performance, priorities and direction for the future.

Plans and Reports

2021-2025 Financial Plan Cover

2021 – 2025
Financial Plan


2020 Annual Municipal Report

Annual Municipal Report


2021 – 2025 Financial Plan

The 2021 – 2025 Financial Plan provides detailed funding requirements over the next five years. The Financial Plan is used by Council and City staff to authorize and align spending with identified Council and community priorities that delivers valued services and programs.

The Plan serves as a communication device that gives all readers a comprehensive look at the services by the City and the costs related to those services.

2020 Annual Municipal Report

The 2020 Annual Municipal Report provides readers with the financial results for the 2020 fiscal year. The consolidated financial statements have been prepared in accordance with Canadian public sector accounting standards established as prescribed by the Public Sector Accounting Board and the requirements of the Province of BC, Ministry of Community, Sport and Cultural Development. Burnaby City Council appointed KPMG LLP as the City’s external auditors; their audit opinion is expressed in the Auditor’s Report which forms part of this Annual Financial Report. 

2020 Statement of Financial Information

The Statement of Financial Information is a Public Accounts report prepared in compliance with the Financial Information Act, Statutes of British Columbia (Canada), Chapter 140. It contains a statement of assets and liabilities, operational statement, schedule of debts, schedule of guarantee and indemnity agreements, schedule showing remuneration and expenses paid to or on behalf of employees and schedule showing payments for suppliers of goods or services.

  • Organizational Chart

    Organizational ChartMore View the reporting structure for the City of Burnaby.
Contact City

Annual SOFI Report