2020-2024 Financial Plan (Budget)
Our 2020-2024 Financial Plan contains our operating and capital budget, highlights of our work program, and the proposed tax increase for 2020.
Core services, such as public safety, transportation and recreation, and investments in new infrastructure and renewal of the existing built environment are primarily funded by your tax dollars.
Help shape the budget
We allocate funds to the highest service and infrastructure priorities, and your feedback plays a critical role.
In addition to providing written feedback, you can attend Council deliberations on the draft plan to provide your input (though we welcome your feedback throughout the year, particularly during our annual public planning workshops, typically held between October and January).
For the 2020-2024 budget, we accepted written input until February 24, 2020. We will provide a summary of what we heard here, on March 2, 2020.
Download the 2020-2024 Draft Financial Plan (PDF; 3.9MB)
The process we followed to create the 2020-2024 Financial Plan
|Date||Meeting purpose||Time & Location||Comments|
|Tuesday, October 22, 2019||Financial Plan orientation||Committee Room, 5:00-7:00pm||Workshop|
|Tuesday, October 29, 2019||Financial Plan update||Committee Room, 3:00-4:30pm||Finance & Audit Committee|
|Monday, November 18, 2019||Reserves and utility rates||Committee Room, 5:00-7:00pm||Workshop|
|Monday, November 25, 2019||Financial Plan amendment utility rates and user fees and charges||Council Chamber, 7:00pm||Regular Council Meeting|
|Monday, December 2, 2019||Financial Plan Workshop #1||Committee Room, 6:00pm||Workshop|
|Monday, January 27, 2020||Financial Plan Workshop #2||Committee Room. 5:00-7:00pm||Workshop|
|Monday, February 10, 2020||Budget Introduction Draft Financial Plan Workbook||Council Chamber, 5:00pm||Regular Council Meeting|
|Wednesday, February 19, 2020||Community Associations Briefing||Skyline Meeting Room, 7:00-9:00pm||Financial Plan Meeting|
|Monday, February 24, 2020||Reserve Bylaw Workshop||Committee Room, 5:00-7:00pm||Workshop|
|Monday, February 24, 2020||Public input and Council opening remarks||Council Chamber, 7:00pm||Regular Council Meeting|
|Monday, March 2, 2020||Financial Plan deliberations||Committee Room, 5:00-7:00pm||Workshop|
|Monday, March 9, 2020||First three readings of Financial Plan bylaws||Council Chamber, 7:00pm||Regular Council Meeting|
|Monday, March 23, 2020||Final Adoption of Financial Plan bylaws||Council Chamber, 7:00pm||Regular Council Meeting|
Approved Financial Plans 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 5 years, that period being the year in which the plan is specified to come into force and the following 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.
Roadmap to a sustainable future
Through our Official Community Plan (OCP) policies, we are fulfilling our community's vision of vibrant, sustainable neighbourhoods where everyone is welcomed and valued.
Our many social, environmental, and economic plans are helping us implement those policies.