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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 2017 Operating Budget, the 2017 Capital Budget, the 2017 Utility Budget, the 2017 One-Time Expenditures, and the 2017 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 (2017-2021) Bylaw No. 9663
Council has officially adopted Bylaw No. 9663 at the Regular Council Meeting on Tuesday, February 14, 2017 at the Richmond City Hall Council Chambers. Public delegations at the Council Meeting were also permitted with regard to this bylaw.

PDF Document Bylaw No. 9663 Consolidated 5 Year Financial Plan (2017-2021) 

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