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.
Press the play button and then the square button in the bottom, right-hand corner to watch the video in full screen HD.
The Consolidated 5 Year Financial Plan combines the 2019 Utilities Budget (approved by Council on October 9, 2018) the 2019 Operating Budget, 2019 Capital Budget and the 2019 One-Time Expenditures (all of which were approved by Council on February 11, 2019).
The following document provides an overview of the Consolidated 5 Year Financial Plan (2019-2023):
5 Year Financial Plan (2019-2023) Bylaw 9979
Council has officially adopted Bylaw 9979 at the Regular Council Meeting on Monday, March 11, 2019 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 (2019-2023) Bylaw 9979 is available in the following link: