Strategic Plan - Financial Sustainability

Fostering a balanced and sustainable local economy achieved by expanding and diversifying the types of industries and businesses operating within the community. This involves attracting new businesses, supporting existing initiatives, and spurring innovation and entrepreneurship.

Objectives

  • Ensure responsible financial management and sustainable fiscal practices
  • Improve financial analysis, forecasting, and strategic decision-making processes
  • Introduce automated systems to improve accuracy, reduce administrative costs, and promote an enhanced user experience for residents
  • Implement corporate-wide asset management policies and plans to ensure the sustainability of our assets and infrastructure
  • Optimize the use of City assets across the corporation and generate additional revenue streams  

Actions

Budget control policy

People looking over financial charts and graphs on a table.
75% complete | On track

Financial analyst model

Person at their laptop looking at financial charts and graphs spread out on a table
100% complete

10 year capital plan

Water fall fountain feature in the front of City Hall in Niagara Falls Ontario Canada.
100% complete | On track

Review of rates and fees

A person playing pickleball in the gymnasium of the MacBain Community Centre in Niagara Falls Ontario Canada.
100% complete

Asset management plan

Aerial view of a bridge spanning Chippawa Creek in Niagara Falls Ontario Canada.
100% complete | On track

Automated metering infrastructure

Storefronts on a Niagara Falls street with parking meters.
50% complete | Ahead of schedule

Modernization of parking programs

Parking meter machine in Niagara Falls Ontario Canada.
75% complete | On track

New corporate sponsorship and advertising policies

A person playing hockey drills on an indoor ice rink.
80% complete | On track

New enterprise resource planning (ERP) system

Exterior of the City Hall building on a summer day in Niagara Falls Ontario Canada.
90% complete | On track

New e-permitting and planning application software

Close up of a person on their laptop
100% complete

Contact Us

City of Niagara Falls
4310 Queen Street
P.O. Box 1023
Niagara Falls, ON L2E 6X5
Canada
905-356-7521
service@niagarafalls.ca