2021-2025 Financial Plan (Budget)

Our 2021-2025 Draft Financial Plan contains our operating and capital budget, highlights of our work program, and a proposed 3% tax increase for 2021.

Core services, such as public safety, transportation, parks and recreation along with critical investments in public infrastructure are primarily funded by your tax dollars.

Download the 2021-2025 Draft Financial Plan

The Financial Plan and the COVID-19 pandemic

In 2020, we responded to the financial impacts caused by the pandemic. In recognition of economic hardship due to COVID-19, Council approved a reduction in the 2020 property tax levy from its established 3% increase, to 2%. After investments in safety to protect public health and our employees, most services are now open or partially open and costs are being managed to offset revenue losses.

The draft 2021 budget reflects our continued response to the pandemic and ongoing Council priorities. Services are shown at normal activity levels in order to highlight changes to work plans. Actual impacts from the pandemic over the past year will be included in the 2020 Annual Report.

Help shape the budget by providing your input

The Financial Plan was presented to Council on Monday, February 8, 2021, and is now open for your input.

We allocate funds to the highest service and infrastructure priorities, and your feedback plays a critical role. We are committed to an open and transparent process, and offer opportunities for citizens and stakeholders to provide input into the financial plan.

Public workshops on the financial planning process are typically held between October and March. For the 2021-2025 budget, we accept input until February 22, 2021. Information received from the public will be included in Council deliberations (open to public) on March 1.

Provide your input by February 22, 2021

To provide your input on the draft 2021 budget for deliberations, please use this form.

If you prefer, you can also provide your input in these ways:

Email: budget@dnv.org
Phone: 604-990-2302 (M-F 8:30am to 4:30pm)
Mail: Mr. Rick Danyluk, Manager, Business Planning and Decision Support

The process we follow to create the 2021-2025 Financial Plan

Date Meeting Purpose Location/Time 
Comments                    
Tuesday, Oct.  26, 2020 Financial Plan Update Virtual Meeting, 
6:00-7:00pm
Workshop
Monday, Nov. 16, 2020 Utility Rates and User Fees Virtual Meeting
7:00pm
Regular Council Meeting
Monday, Nov. 23, 2020 Long-term Financial Plan Introduction, Budget Update Virtual Meeting
7:00pm
Workshop
Monday, Dec. 7, 2020 Financial Plan Amendment Virtual Meeting
7:00pm
Regular Council Meeting
Monday, Jan. 25, 2021 Long-term Financial Plan – Part 1, Funding Gap Virtual Meeting 
5:00-7:00pm
Workshop
Monday, Feb. 8, 2021 Budget Introduction Draft Financial Plan Workbook Virtual Meeting
7:00pm
Regular Council Meeting
Wednesday, Feb. 17, 2021 Community Associations Briefing Zoom Meeting
7:00pm
Financial Plan Meeting
Monday, Feb. 22, 2021 Public Input & Opening Remarks Virtual Meeting 
7:00pm
Regular Council Meeting
Monday, Mar. 1, 2021 Financial Plan Deliberations Virtual Meeting
7:00pm
Workshop
Monday, Mar. 29, 2021 First Three Readings of Financial Plan Bylaws Virtual Meeting
7:00pm
Regular Council Meeting
Monday, Apr. 12, 2021 Final Adoption of Financial Plan Bylaws Virtual Meeting
7:00pm
Regular Council Meeting

Council will approve the 2021-2025 Financial Plan in April 2021, after community consultation and Council deliberations in March.

Council's core priorities remain unchanged:

  • Improvements to mobility and transportation, such as safe cycling and pedestrian routes
  • Diversity of available housing options, including social and affordable housing
  • Supporting a vibrant local economy
  • Taking action on climate change and environmental management
  • Organizational resiliency

Approved Financial Plans from previous years

Date Financial Plan document
2020-2024 Download
2019-2023 Download
2018-2022 Download

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.

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