Budget & Financial Reports

Budget Process

Each year Council and City staff work together to develop an annual budget. Municipalities in British Columbia are required by legislation to have a balanced budget. This means that no debt can be incurred to fund the basic operating expenditures. Debt can only be used to fund capital projects, such as buScales of justiceildings, road constructions, water, sewer, and drainage works.

The budget outlines how the monies that come into the City should be spent to maintain and improve the City. As the City is limited by the amount of resources available, the budget helps in determining those objectives with the highest priority and which will produce the greatest positive impact in the community.

2019/2020 Budget Meeting Schedule: 

  • November 15, 2019 - Council Strategic Priorities &  Utility Budget Working Session
  • November 25, 2019 - Council Utilities Budget Working Session
  • November 27, 2019 - Hydro Presentation on 2019 Operations / Proposed 2020-2024 Hydro Rates
  • December 13, 2019 - Council Budget Working Session
  • January 21, 2020 - Council Budget Working Session
  • January 24, 2020 - Council Budget Working Session
  • February 7, 2020 - Council Budget Working Session
  • February 20, 2020 - Tentative - Budget Open House

2020 Budget Presentation from May 6, 2020

Financial Reports

See the Related Documents section on the right for links to Budget documents, Annual Reports, and Statements of Financial Information.