Approved budgets from previous years
|Date||Financial Plan document|
Financial planning and municipal government
All municipalities in BC must have a financial plan (or budget) that is adopted annually, by bylaw, before the annual property tax bylaw is adopted. The financial plan may be amended by bylaw at any time.
The planning period for a financial plan is five (5) years, that period being the year in which the plan is specified to come into force and the following four (4) years.
The financial plan must set out the following for each year of the planning period:
- proposed expenditures by the municipality
- proposed funding sources
- proposed transfers to or between funds
A process of public consultation regarding the proposed financial plan must be undertaken before the plan is adopted.