The City of Winnipeg Annual Financial Report 2010 Vision To be a vibrant and healthy city which places its highest priority on quality of life for all its citizens. Corporate Mission Working together to achieve affordable, responsive and innovative public service. CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT | 2 | Introductory Section Table of Message from the Mayor 5 Message from the Acting Contents Chief Administrative Officer 6 City Council 8 Senior Administrators 9 Winnipeg’s Economic Profile 10 Service Highlights 14 Financial Section Report from the Acting Chief Financial Officer Financial Statement Discussion and Analysis 25 Responsibility for Financial Reporting 43 Auditors’ Report 44 Consolidated Financial Statements 46 Five-Year Review 72 Key City Contacts 74 Manitoba Cataloguing in Publication Data. Winnipeg (MB). Corporate Finance Dept. Annual Report. Annual Report year ends December 31. Continues: Winnipeg (MB). Finance Dept. Annual Report. ISSN: 1201-8147 = Annual Report-City of Winnipeg. 1. Winnipeg (MB) - Appropriations and expenditures-Periodicals 2. Finance, Public - Manitoba-Winnipeg-Periodicals HJ9014.M36W56 352.1710912743 | 3 | CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT | 4 | Message from the Mayor As Mayor, on behalf Paramedic Service with the tools they need to of the City of Win- protect and serve our citizens. nipeg, it is my plea- As we move forward in 2011, we will continue to sure to present to meet challenges head on and seek out innovative you the 2010 Annual ways to keep Winnipeg sustainable, competitive, Report. and investment-friendly. Throughout the Public safety remains a top priority of investment; year, Winnipeg has neighbourhood safety and crime prevention strat- seized new and in- egies are key components in making Winnipeg a novative opportuni- safer city; and our infrastructure – transportation ties that have con- as well as recreational – will continue to improve tributed to the continued improvement to our and reach a level of quality that taxpayers de- recreational infrastructure, downtown revitaliza- serve. The City of Winnipeg, as an organization, tion and private sector investment during an im- will continue to evolve and meet the expectations mensely challenging time with limited revenue. of our citizens on the services we deliver. I am proud of the work we have done here at City Hall in 2010–as Mayor and Council and our I want to thank all our City Councillors and mem- dedicated Public Service – to work together and bers of the Public Service for their input and hard ensure we continue to build on our momentum, work in making Winnipeg a great place to live, attract investment and encourage innovative part- work, play and invest in. As we continue to plan nerships. for the future, I look forward to maintaining our positive partnerships and working relationships; This year we have ensured that the safety and I know that by working together, Winnipeg will well-being of our citizens remained a priority. continue to be a City of opportunity. We will continue to advance public safety, deliver innovative solutions to challenges and work to- gether to continue providing the men and women of the Winnipeg Police Service and our Fire and Sam Katz, Mayor of the City of Winnipeg | 5 | CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT Message from the Acting Chief Administrative Officer In 2010, Winni- ceeded expenses, and our stabilization reserves peg’s Public Ser- increased. The City is in a positive net financial vice worked to help asset position, and both Standard & Poor’s and Council realize its Moody’s Investors Service recently reaffirmed the policy priorities, City’s credit rating at AA stable and Aa1 stable, and maintain the respectively. City’s strong record We are proud that ReNew Canada magazine of commitment to named Winnipeg Canada’s best place to invest, in fiscal sustainability. 2010. At the same time, the City itself continued Despite challenges, to make strategic investments in infrastructure, the City has suc- public safety, and other key services throughout cessfully done both these things over the past the year. These community investments will con- year. tinue, in keeping with Council’s priorities and our As the attached Annual Financial Report illus- long-term planning processes. trates in detail, the City is in good financial stand- I would like to thank all the members of the Pub- ing, and has continued to improve its financial lic Service who worked so hard to help the City planning and management. In 2010 we developed plan, work, and serve the public effectively, in the City’s first consolidated budget, and updated 2010. In addition, thank you to the Mayor, Mem- the City’s financial management plan. These mea- bers of Council, and all my colleagues, for the op- sures are helping enhance transparency, account- portunity to serve and work with you as Acting ability, and our decision-making processes. CAO this past year. Continued prudent management over the past year is reflected in Winnipeg’s key financial measures. The City’s consolidated revenues ex- Michael Ruta, FCA, Acting Chief Administrative Officer CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT | 6 | | 7 | CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT th 2006-2010 12 Council of the City of Winnipeg Members & Appointments (for January 1 to November 2, 2010) Mayor Sam Katz Harry Lazarenko Harvey Smith Chairperson, Executive Policy Committee MYNARSKI WARD DANIEL MCINTYRE WARD Secretary of Urban Aboriginal Opportunities Speaker of Council Chairperson, Winnipeg Committee for Safety Secretary of Intergovernmental Affairs Chairperson, Council Secretariat Committee Gord Steeves Chairperson, Riverbank Management Committee Jeff Browaty ST. VITAL WARD NORTH KILDONAN WARD Grant Nordman Acting Deputy Mayor Chairperson, Alternate Service Delivery (ASD) ST. CHARLES WARD Chairperson, Standing Policy Committee on Committee Deputy Speaker Property and Development Youth Ambassador Councillor responsible for Assiniboine Park Justin Swandel Governance Bill Clement ST. NORBERT WARD Councillor responsible for the Kansas City CHARLESWOOD – TUXEDO WARD (until May 3, 2010) Deputy Mayor Economic Partnership Chairperson, Standing Policy Committee on Chairperson, Standing Policy Committee Chairperson, Seniors Advisory Committee Infrastructure Renewal and Public Works on Downtown Development Councillor responsible for Corporate Sponsorship (until May 3, 2010) John Orlikow Lillian Thomas Scott Fielding ELMWOOD – EAST KILDONAN WARD RIVER HEIGHTS – FORT GARRY WARD ST. JAMES – BROOKLANDS WARD Daniel Vandal Chairperson, Standing Policy Committee on Finance Mike O’Shaughnessy ST. BONIFACE WARD Jenny Gerbasi OLD KILDONAN WARD Secretary, Strategic Infrastructure Renewal FORT ROUGE – EAST FORT GARRY WARD Russ Wyatt Chairperson, Standing Policy Committee on Chairperson, Access Advisory Committee TRANSCONA WARD Infrastructure Renewal and Public Works Co-Chairperson, Mayor’s Environmental (commencing May 20, 2010) Advisory Committee Michael Pagtakhan POINT DOUGLAS WARD Chairperson, Standing Policy Committee on Protection and Community Services Chairperson, Winnipeg Housing Steering Committee Chairperson, Citizen Equity Committee CITY OF WINNIPEG 2010 ANNUAL FINANCIAL REPORT | 8 | th 2010-2014 13 Council of the City of Winnipeg Members & Appointments (for November 10 to December 31, 2010) Mayor Sam Katz Paula Havixbeck Harvey Smith Chairperson, Executive Policy Committee CHARLESWOOD – TUXEDO WARD DANIEL MCINTYRE WARD Secretary of Urban Aboriginal Opportunities Acting Deputy Mayor Chairperson, Winnipeg Committee for Safety Secretary of Intergovernmental Affairs Councillor Responsible for Assiniboine Park Thomas Steen Governance Jeff Browaty ELMWOOD – EAST KILDONAN WARD Councillor Responsible for Corporate Sponsorship NORTH KILDONAN WARD Gord Steeves Chairperson, Standing Policy Committee on Grant Nordman ST. VITAL WARD Property and Development ST. CHARLES WARD Chairperson, Standing Policy Committee on Speaker of Council Ross Eadie Protection and Community Services Chairperson, Council Secretariat Committee MYNARSKI WARD Councillor Responsible for the Kansas City Chairperson, Seniors Advisory Committee Chairperson, Access Advisory Committee Economic Partnership John Orlikow Scott Fielding RIVER HEIGHTS – FORT GARRY WARD Justin Swandel ST. JAMES – BROOKLANDS WARD ST. NORBERT WARD Chairperson, Standing Policy Committee on Finance Michael Pagtakhan Deputy Mayor Chairperson, Alternate Service Delivery (ASD) POINT DOUGLAS WARD Chairperson, Standing Policy Committee Committee Deputy Speaker on Downtown Development Chairperson, Winnipeg Housing Steering Jenny Gerbasi Committee Daniel Vandal FORT ROUGE – EAST FORT GARRY WARD Chairperson, Citizen Equity Committee ST. BONIFACE WARD Youth Ambassador Chairperson, Standing Policy Committee on Infrastructure Renewal and Public Works Devi Sharma OLD KILDONAN WARD Russ Wyatt TRANSCONA WARD Co-Chairperson, Mayor’s Environmental Advisory Committee 2010 Senior Administrators Michael Ruta Linda Burch Leonard Strijack Acting Chief Administrative Officer Director, Corporate Support Services Director, Legal Services Alex Robinson Deepak Joshi Dave Wardrop Deputy Chief Administrative Officer Director, Planning, Property and Development Director, Winnipeg Transit Phil Sheegl Barry MacBride Clive Wightman Deputy Chief Administrative Officer Director, Water and Waste Director, Community Services Moira Geer Keith McCaskill Acting Chief Financial Officer Chief, Winnipeg Police