Summary#

Council received Deloitte LLP’s External Auditor 2025 Year-End Report and its attachment for information and the Corporate Record. The decision records the auditor’s report; it does not approve a new program or change City rules, taxes or services.

• The report covers the City’s consolidated financial statements for the year ended December 31, 2025.
• City staff say the external audit provides independent assurance that the statements are free from material misstatement (a significant error or omission), whether from fraud or error.

What it means for you#

• For Calgarians, the decision adds the auditor’s year-end report to the City’s official record. It does not directly change what residents pay or receive.
• The auditor is expected to return to Audit Committee on June 11, 2026, with a management letter about observations from the audit.

Money#

No cost information is in the available material.

• The decision does not state an audit cost or change City spending, fees, taxes or benefits.

What is unclear#

• The supplied material does not include the attachment’s audit findings or the auditor’s opinion, so those details cannot be assessed here.
• The management letter’s contents are not yet in the supplied material.

Case for#

• City staff say an independent audit gives Calgarians assurance that the City’s financial statements fairly present its finances and results under Canadian public sector accounting standards.
• The Audit Committee’s stated role includes reviewing the annual audit results and requiring the external auditor to express an opinion on the financial statements.

Case against#

• No argument against the decision is recorded in the supplied material. Council carried it 15 to 0.