2025 Annual Report and 2025 Annual Report Highlights

Two versions of the Annual Report are produced each year in order to reach the different audiences interested in this information. The comprehensive 2025 Annual Report meets all legislative requirements for financial reporting as required under the Community Charter for British Columbia’s local governments. The comprehensive version includes the City’s audited consolidated financial statements; the City’s corporate objectives and success indicators, as identified through Council’s Strategic Plan; and a listing of permissive exemptions. In addition to the statutorily required information, the comprehensive version provides information on the City’s milestones from 2025, including awards and achievements and a variety of key corporate financial and community demographic statistical data for the year. For a broader audience, the City also produces a condensed financial reporting document known as the 2025 Annual Report — Highlights. This shorter version, which is designed to be accessible and easily understandable for a general audience, provides information about the City of Richmond, its services, highlights from 2025 and the City’s financial condition.

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