City of Regina 2020 Annual Report Resiliency during COVID-19 and Progress on Resident Priorities
The City of Regina’s 2020 Annual Report, approved on Wednesday, June 9, highlights a year of resiliency and operational success accomplished by strong financial management and prioritization of the health and safety of Regina residents throughout the COVID-19 pandemic.
“Over the past year, the COVID-19 pandemic has brought change to our homes, workplaces and neighbourhoods without exception,” says Mayor Sandra Masters. “City Administration is to be commended for their leadership and continued commitment to providing reliable and efficient services for residents. This was done all while making progress on important infrastructure projects, environmental sustainability and community wellbeing initiatives that will benefit our community for generations to come.”
The 2020 Annual Report documents the City’s operational performance and highlights achievements that have been made over the past year to enhance services and advance goals of the Official Community Plan (see Highlights backgrounder).
Early in 2020, the City quickly took targeted actions to limit the projected impacts of the pandemic. By effectively managing financial pressures, and through financial support from other levels of government, the City established the COVID-19 Recovery Reserve with $15.9 million which is intended to fund future pandemic costs. The City has identified approximately $20 million in cost savings and efficiencies since 2018 through continuous improvement efforts.
The City of Regina was recently awarded its third consecutive AAA credit rating from S&P Global, further validating the City’s strong financial management and long-term financial planning policies.
To view the full 2020 Annual Report, visit Regina.ca/annualreport.