Budget - Financial Services
The Financial Services division fulfills the statutory duties of the Treasurer; provides financial advice to Council and other Departments; provides accounting, payroll, accounts payable, accounts receivable and collections services for all Departments; administers the property taxation revenue function; coordinates and prepares the Corporation’s operating and capital budget and manages the annual financial audit with external auditors and the preparation of the annual financial statements; completes the annual financial reporting with the province.
The Corporate Sponsorship program works to leverage investments in services and assets to generate alternative sources of revenue for the City, where there is a good fit for the City and its partners.
Interactive Budget
Explore the City's budget using the interactive OpenBook feature, including expenses by department and division as well as a breakdown of what a typical residential property taxpayer pays per $100,000 of assessment.
The full budget information is available in the Draft 2025 Budget book.
Highlights
Financial Services
The 2025 budget includes approved salary, and benefit increases and a decrease in costs for 3 staff moved to Service Peterborough for a full year.
The Financial Services Division has requested a new staff position not included in the budget. This request can be found in Section 4 Staffing Requests not included in the Draft 2025 Budget.
Corporate Sponsorship
Sponsorship program revenues are expected to grow again in 2025 with new revenue of more than $200,000 allocated to the Miskin Law Community Complex capital budget. Continued growth in the City’s Transit Sponsorship revenue is driven by sales in Transit Shelter advertising, and implementation of administrative processes to manage Transit Sponsorship sales and asset inventories. Potential exists for additional sponsorship revenues as the City finalizes plans for redevelopment of recreational facilities at Bonnerworth Park and Knights of Columbus Park, however these have not been included in the 2025 budget.
OpenBook Budget tool instructions
Use our interactive OpenBook budget tool to view a breakdown of what a residential taxpayer pays for each municipal services.
The Where Your Tax Dollars Go feature shows how much a residential taxpayer pays per $100,000 of assessment. It starts at the City Department level then you can click on each department to view the cost for services within that department. For example:
- Click on Municipal Operations and it goes to the service/division level, where you can see the typical residential taxpayer pays $85.41 per $100,000 of assessment, or 5.22% of the municipal tax dollar for that service
- Click on Outside Organizations at the top level of the tool and it breaks it down to individual outside organizations that receive City funding, showing that the typical residential taxpayer pays $300.42 per $100,000 of assessment, or 18.36% of the municipal tax dollar for that service
See where your municipal tax dollar goes for municipal services. Explore the OpenBook budget tool.
Contact Us
City Hall
500 George St. N.
Peterborough, ON
K9H 3R9
Phone: 705-742-7777
Toll Free: 1-855-738-3755
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