YORKTON, Sask. — The City of Yorkton recorded a $9.18-million consolidated surplus in 2025 while investing nearly $21 million in infrastructure and community projects, according to audited financial statements approved by council.
Baker Tilly SK LLP issued a clean audit opinion on the city's 2025 financial statements.
The statements show consolidated revenue of $69.5 million and expenses of $60.4 million for the year. While the city reported a consolidated surplus of $9.18 million, its operating surplus totalled $484,920, unchanged from the preliminary year-end report presented to council in June.
Finance officials attributed the positive operating result largely to higher-than-expected interest earnings and tax revenues. Interest income exceeded budget projections by more than $911,000, while tax revenue came in about $203,000 above expectations. The city also faced higher costs related to winter storms, water main repairs and facility maintenance.
The city invested approximately $20.9 million in capital projects during 2025, including upgrades to the Kinsmen Arena ice plant, construction of the airport terminal building, improvements to Heritage Heights tennis and pickleball courts, water and wastewater infrastructure projects, a new fire truck and an ice resurfacer.
Yorkton ended the year with net financial assets of $19.1 million and external debt of $10.45 million, well below its provincial debt limit of $42 million.
Reserve balances grew to $33 million by year-end, with much of the funding earmarked for future infrastructure projects.
Council approved the audited financial statements and authorized administration to file the required documents with the province and other agencies.
