Annual Report

The Annual Report contains important information related to City operations including a financial overview, highlights and accomplishments, and progress being made on Council’s strategic goals each year. The Annual Report reflects upon the previous year and evaluates whether the City successfully accomplished the goals set out in the Strategic Plan.

Annual Report 2011

Annual Report 2011 Financial Statements

Performance by Strategic Goal

Strategic Goal 1: Strengthen Neighbourhoods

Citizens continue to rate the quality of life in Coquitlam as very good and this year 31% said the quality of life has improved over the past 5 years. They cited reasons such as better recreation facilities and improved/expanded roads and infrastructure. The opening of Poirier Sports and Leisure Complex in 2010 and the continued focus on road improvements contributed to this high rating.

Strategic Goal 2: Expand Local Jobs, Local Prosperity

The strong economic growth that Coquitlam experienced in 2010 continued throughout 2011. While the entire region has performed well, Coquitlam’s growth was above average in many aspects. Construction for both residential and commercial/industrial was well above 2010 levels.

Strategic Goal 3: Increase Active Participation & Creativity

The new Poirier Sports and Leisure Complex (PSLC) that was opened in 2010 saw an increase of 13% in drop-in admissions (over 2008). (Admissions were impacted in 2010 due to construction). Registered programs at PSLC jumped by 329% for arena registrations and 57% for fitness programs.

Strategic Goal 4: Enhance Sustainability of City Services & Infrastructure

Coquitlam Council has established a number of reserves to maintain sufficient funds for the replacement and maintenance of specific capital assets such as parkland, vehicles, street and drainage works. In addition the land sale reserve ensures that the City maintains adequate funds to manage the City’s land requirements in the future. Over the last 5 years, the City has spent over $100M for capital purposes such as the replacement of Chimo Pool and Poirier ice arenas, the expansion of Dogwood Pavilion, the development of Glen Pine and Town Centre tournament facilities.

Strategic Goal 5: Achieve Excellence in City Governance

The Ipsos Reid Citizen Satisfaction Survey completed in May 2011 indicates that the majority of citizens are satisfied with the services provided by the City. Those people that had direct contact with the City are also generally satisfied and 2011 results were consistent with 2009 and prior years.

Commitment to a Sustainable Future

The City of Coquitlam is committed to sustaining its high quality of life for current and future generations. The concept of sustainability is not new to municipal government or to Coquitlam. One of the primary purposes of local government includes fostering the economic, social and environmental well-being of its community. These are the basic tenets of a sustainable community.

Coquitlam has focused on environmental sustainability in a number of ways and has made great strides in reducing its carbon footprint, enhancing the quality of life of its residents and ensuring the continued stewardship of valuable natural spaces.

Financial Position

Overall it was a good year, the Citys’ assets increased, cash balances increased, City debts decreased and there was a small surplus in all funds. Additionally all city departments under spent.