City of Winnipeg posts modest surplus for 2024 instead of deficit

City of Winnipeg posts modest surplus for 2024 instead of deficit

The City of Winnipeg has ended up with a modest surplus on its 2024 budget instead of posting a deficit.

Winnipeg Ends Year with $7.2 Million Surplus, Thanks to Police HQ Settlement

Winnipeg Ends Year with $7.2 Million Surplus, Thanks to Police HQ Settlement News4.caThe City of Winnipeg has announced a $7.2 million surplus in its tax-supported operating budget for the 2024 fiscal year, a significant turnaround from previous projections, according to an unaudited financial status report released today. The positive financial outcome, which will be presented to the Standing Policy Committee on Finance and Economic Development…

The Financial Status Report as of December 31, 2024, available on the City's site, therefore indicates a surplus of $7.2 million. It is also an improvement of $27.7 million compared to the report of the end of November 2024. Among the factors explaining this improvement is the recognition of a $22.5 million claim related to the Police Headquarters settlement, as well as changes in various other departments."We are now convinced that we can count…

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The City of Winnipeg has ended up with a modest surplus on its 2024 budget instead of posting a deficit. Winnipeg ended last year with a $7.2-million surplus on its $1.35-billion budget, says a year-end financial report published on Monday. That works out to a budget surplus of about half of a percentage point. When financial figures were tallied for the first 11 months of 2024, city finance officials projected a year-end deficit of $20.5 millio…