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  5. Annual Financial Report

Annual Financial Report

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The 2024 Financial Statements were approved at Audit Committee on July 11, 2025.

2024 Annual Financial Statements

  • 2024 Consolidated Financial Statements
  • 2024 Sinking Funds Financial Statements
  • 2024 Trust Funds Financial Statements

For previous year financial statements, please refer to the section below.

Annual Financial Reports

This report provides details about the City’s financial and operating performance, progress and achievements.

The Annual Financial Report for previous years can be found here:

  • 2023 City of Toronto Financial Report
  • 2022 City of Toronto Financial Report
  • 2021 City of Toronto Financial Report
  • 2020 City of Toronto Financial Report
  • 2019 City of Toronto Financial Report

In This Section

  • City Finance
    • Annual Financial Report
    • Growth Funding Tools
    • Capital Financing
    • Development Charges
      • Deferred Development Charges
      • Development Charges Overview
      • Bylaws, Rates & Study
      • Education Development Charges
    • Expense Reporting
      • Consulting Services Expenses
      • Senior Management Expenses
      • Business Expenses for City Divisions
    • Investments
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      • City Financial Information
      • Environmental, Social & Governance Performance Report
      • Governing Legislation, Authorities & Policies
      • Green Debenture Program
      • Recently Settled Bond Issues
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    • Long-Term Financial Plan
      • Long-Term Financial Plan Consultations
    • Property Tax Policy
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