2025 Awards for Excellence: City of Lethbridge, Alberta
In 2020, the City of Lethbridge first approved its financial reserve policy. The policy supports the ongoing financial management of reserves and creates long-term financial stability and flexibility. Separate reserve funds were created, each with a specific purpose and defined funding source. The policy helps the city respond to economic conditions and changes that could impact its financial position. It also ensures ongoing services to the community. In 2025, the city’s financial reserve policy was amended to account for the strategic reserves. It sets clear expectations for use and how this tool helps mitigate shocks from unforeseen events to the city’s multi-year operating budget.
Publication Date: December 2025
Author: Mike Mucha
