City releases audited consolidated financial statements for the year ending December 31, 2020
Audited financial results confirm City was able to manage early fiscal challenges of the pandemic with assistance from federal Safe Restart Agreement funds
Released: 1:24 p.m.
Winnipeg, MB – The City of Winnipeg has released its audited consolidated financial statements for 2020, as audited by the City’s external auditor KPMG. The report will be presented at Audit Committee on May 18, 2021.
The audited consolidated financial statements confirm that following challenges related to COVID-19 and the refund of impact fees, the City was left with a shortfall before capital related revenues of $52 million out of an annual operating budget of roughly $1.7 billion. This shortfall would have been much larger if not for the financial support of federal Safe Restart Agreement funds and steps taken by the City through the COVID-19 Crisis Cash Flow Management Plan. The City received $74.5 million in federal Safe Restart Agreement funding in 2020, comprised of $42.2 million allocated for municipal purposes and $32.3 million for Transit.
As part of the COVID-19 Crisis Cash Flow Management Plan, the City was able to maintain capital investments with $409 million in Council approved spending on capital assets. The plan also helped the City keep net financial liabilities under control, increasing by only $9 million last year while maintaining a significant level of capital spending.
“The release of the City’s consolidated financial statements confirms the importance of the fiscal planning and federal assistance received in response to COVID-19 last year,” said Councillor Scott Gillingham, Chair of the Standing Policy Committee on Finance. “The challenge continues in 2021, but federal funding and steps taken through the COVID-19 Crisis Cash Flow Management Plan have helped to mitigate the impact on our local economy and allowed the City to reset the Fiscal Stabilization Reserve fund for this current year.”
The City’s audited consolidated financial statements for the year ending December 31, 2020 is publicly available through the Decision Making Information System (DMIS).
Winnipeg Public Library provides contactless holds pickup and return service
Released: 2:22 p.m.
Winnipeg, MB – The Winnipeg Public Library will begin providing contactless holds pickup and return service at all 20 branches beginning Thursday, May 13, 2021, including at the newly renovated Cornish Library.
Service at the library branches will be for holds pickup and return services only. Customers will not have access to enter the branches.
The province’s public health orders announced on May 7 advised that libraries were to close. In an effort to ensure we were satisfying the spirit of the public health orders, the decision was made to close all our library branches and suspend our holds pickup service. Following discussions with provincial officials, it was determined that we could provide contactless holds pickup service.
Library customers are reminded that holds may be placed using the library’s online catalogue or mobile app. Library staff are available to assist customers with this process through Winnipeg Public Library’s Ask Us service. Customers will receive an email or phone call when their items are ready for pickup. Customers can phone the library when they are parked outside of the branch or on their way to the library. Library staff will check out and place customers’ materials at the holds pickup tables located outside each library’s front entrance.
Holds pickup will be available during normal hours of operation at each branch. Library staff and customers are required to wear masks. External book returns will be available 24 hours a day, seven days a week.
For additional information about the contactless pickup service, online programs and other available services, including an extensive online eLibrary of digital media and eBooks, and for hours of operation, see: winnipeg.ca/library.
For more information on the City’s response to COVID-19, see: winnipeg.ca/COVID-19.
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