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
2019-2023 Download
2018-2022 Download
2017-2021 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.