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Budgets & Financial Reporting

5 Year Financial Plan

What is a 5 Year Financial Plan?
The Community Charter requires that Council adopt a 5 Year Financial Plan each year prior to the adoption of the annual Property Tax Bylaw. The purpose of the 5 Year Financial Plan is to provide a budgetary framework for the City to plan the management of its resources, revenues and expenditures in order to best serve the community.

The Consolidated 5 Year Financial Plan combines the 2018 Operating Budget, the 2018 Capital Budget, the 2018 Utility Budget, the 2018 One-Time Expenditures, and the 2018 Council Community Initiatives One-Time Expenditures. The next four years of the 5 Year Financial Plan are estimates based on the economic forecasts for BC and internal plans. Each year, this rolling plan is reviewed and updated.

​Consolidated 5 Year Financial Plan (2018-2022) Bylaw 9800, Amendment Bylaw 9904
Council has officially adopted Amendment Bylaw 9904 at the Regular Council Meeting on Tuesday, November 13, 2018 at the Richmond City Hall Council Chambers. Public delegations at the Council Meeting were also permitted with regard to this bylaw.

The Consolidated 5 Year Financial Plan (2018-2022) Bylaw 9800, Amendment Bylaw 9904 is available in the following link:

PDF Document 5 Year Financial Plan (2018-2022) Amendment Bylaw 9904

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