Capital and Operating Budgets

Capital and Operating Budgets

Section 165 of the Community Charter requires municipalities to prepare a Financial Plan for a period of five years, which is adopted annually by Bylaw.  The Charter also requires Council to undertake a process of public consultation regarding the proposed financial plan before it is adopted.

2016 Budget Framework Principles

1. Ensure service levels in all operations and facilities are cost effective and meeting expectations of residents and visitors.
2. Complete priority projects identified by Council and department Directors.
3. Identify sufficient contingency to respond to unforeseen expenditures.
4. Adjust capital expenditures to maintain current service levels.
5. Maintain property tax policy of increases to cost of living as directed by current financial plan objectives and policy.
6. Establish a Museum Land Restoration Reserve Fund to lessen the impact when the Museum relocates.
7. Establish a Waste/Recycling Initiative Reserve Fund to lessen the impact for transitioning to a new bin collection system.
8. Establish a Water Metering Reserve fund to lessen the impact for moving toward water metering.

Please click on the links below to view the Operating and 5 Year Capital Plans.