2025 Draft Budget

On this page:

  • Budget Debt Payments
  • Budget Capital Plan
  • Financial Reporting


Budget Debt Payments

2025 New Debt Borrowing:

Public Works Total 2025 Debt Borrowing: $9,000,000

  • South Reservoir Servicing: $2,000,000, (Critical upgrades). Details here coming soon

  • Northeast Gateway water supply main construction: $7,000,000, (Capacity upgrade). Details here coming soon

  • These are new debt amounts to cover costs of water infrastructure projects approved by Council to begin in 2025

  • View project details here


Existing Debt Payments for 2025:

Parks and Protective Services Total 2025 Debt Payment: $1,244,567.88

  • Police Protection: $371,145.54, RCMP Building (Old building was past capacity)

  • Borrowed in 2009

  • Fire Protection: $358,379.50, Fire Hall and Ladder Truck (Old building was past capacity; To provide fire services to multi-story buildings)

  • Borrowed in 2015

  • Pogadl Park: $515,042.84, Phase 2 of Pogadl Park construction

  • Borrowed in 2023

Public Works Total 2025 Debt Payment: $471,855.27

  • Water System: $385,483.52, North Reservoir (Hwy 20 Twnshp Rd. 391; provide service and fire suppression capacity to north industrial area and downtown)

  • Borrowed in 2019

  • Sanitary Sewer: $86,371.75, Sanitary Trunk Main Upgrades (Marina Bay to 52 St and 49 Ave; provide system improvements)

  • Borrowed in 2000

Recreation, Culture and Tourism Total 2025 Debt Payment: $1,105,754.61

  • Admin: $15,395.18, Purchase CN (Canadian National) Land (the old CN railway lands that run through the Town of Sylvan Lake)

  • Borrowed in 2000

  • Aquatic: $197,197.55, Original aquatic centre built 2002 (self-explanatory)

  • Borrowed in 2001

  • Nexsource Centre: $893,161.88, NexSource Centre construction (4823-49 Ave; to replace and upgrade recreational facilities available to residents)

  • Borrowed in 2015

Total 2025 Debt Payment including principal and interest:

  • $2,822,177.76


Budget Capital Plan


Financial Reporting

Quarterly Financial Reports

  • Did you know that the Town presents financial reports to Council four times a year?

  • The quarterly financial reports are in the Regular Meeting of Council Agendas available here: sylvanlake.civicweb.net

  • You can find the Council agendas for every Council meeting by clicking on Council Meetings - Public Folder and then clicking on the year 2020-2029 > 2024

  • For example, the dates for 2024's quarterly reports are: June 24, Sept 23, Dec 9


Annual Financial Statements

  • Yearly financial reports provide an overview of the Town's financial state
  • Independent auditors prepare consolidated financial statements that are included in the report. The Town of Sylvan Lake's financial reporting activities follow rules set out in the Municipal Government Act and Public Sector Accounting Board guidelines


Financial Indicator Graphs

  • The Province of Alberta maintains financial indicator graphs. The graphs let you browse financial and statistical data for municipalities, including data for Sylvan Lake. The Province compares each municipality to similar towns or cities in Alberta and updates the graphs twice a week.
  • The Town uses the graphs to measure the Town's past performance and help with budget planning



Return to the 2025 Budget home page.

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