The Financial Plan (Budget)
Our Draft 2018-2022 Financial Plan contains our proposed operating and capital budget, highlights of our work program, and the proposed tax increase for 2017.
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.
We allocate funds to the highest service and infrastructure priorities, and your feedback plays a critical role.
Here's how you can provide your feedback
Email — email@example.com
Phone — 604.990.2302
Write — Rick Danyluk, Manager - Financial Planning
We are accepting comments until January 15, 2018.
2018-2022 Financial Plan
This year's draft plan was introduced at Council's December 11 meeting. At that meeting, staff provided an overview of the proposed operating and capital budgets, the highlights of the work program, and the proposed tax increase for 2018.
2018 Financial Plan schedule
|Date||Meeting purpose||Time & Location||Comments|
|Monday, October 2, 2017||2018 budget update||Committee Room, 5:00-7:00pm||Regular Council meeting|
|Monday, December 4, 2017||2017 Financial Plan - fall amendment||Council Chamber, 7:00pm||Regular Council meeting|
|Monday, December 11, 2017||2018 budget introduction - draft Financial Plan workbook||Council Chamber, 7:00pm||Regular Council meeting|
|Wednesday, January 10, 2018||Community Associations briefing||Meeting Room A, 7:00-9:00pm||Financial Plan meeting (to schedule)|
|Monday, January 15, 2018||Receive public input and Council opening remarks||Council Chamber, 7:00pm||Regular meeting of Council - Financial Plan|
|Tuesday, January 16, 2018||Financial Plan deliberations||Committee Room, 5:00-7:00pm||Workshop|
|Monday, January 22, 2018||Financial Plan deliberations (if required)||Committee Room, 6:00-7:00pm||Workshop|
|Monday, January 29, 2018||First three readings of Financial Plan bylaws||Council Chamber, 7:00pm||Regular Council meeting|
|Monday, February 5, 2018||Final adoption of Financial Plan bylaws||Council Chamber, 7:00pm||Regular Council meeting|
|Monday, April 16, 2018||Tax distribution workshop||Council Chamber, 7:00pm||Regular Council meeting|
|Monday, May 7, 2018||Final adoption of the Tax Rate bylaw||Council Chamber, 7:00pm||Regular Council meeting|
Draft Financial Plans from previous years
|Date||Draft Financial Plan|
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.