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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 following video provides an introduction to the City's budget process.

The Consolidated 5 Year Financial Plan combines the 2020 Utilities Budget (approved by Council on November 23, 2020) the 2021 Operating Budget (approved by Council on January 25, 2021), 2021 Council Community Initiatives (approved by Council on February 8, 2021), 2021 Capital Budget and the 2021 One-Time Expenditures (both of which were approved by Council on February 22, 2021). The 2021 Richmond Public Library Budget was approved by Council on January 25, 2021.

PDF Document Additional Information on the 2021 Capital Budget 
PDF Document Additional Information on the 2021 One-Time Expenditures 
PDF Document 2021 Capital Budget 
PDF Document 2021 Proposed Operating Budget 
PDF Document 2021 Utility Budgets and Rates 
PDF Document 2021 One-Time Expenditures 
PDF Document 2021 Richmond Public Library Budget

The following documents provide an overview of the Consolidated 5 Year Financial Plan (2021-2025):

PDF Document Highlights of the Consolidated 5 Year Financial Plan (2021-2025)

5 Year Financial Plan (2021-2025) Bylaw 10239
The proposed 5 Year Financial Plan (2021-2025) Bylaw 10239 received preliminary approval from City Council on Monday, February 22, 2021 and is currently available in the link below:

PDF Document Consolidated 5 Year Financial Plan (2021-2025) Bylaw No. 10239
PDF Document Consolidated 5 Year Financial Plan (2021-2025) RTC

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