2015

Jun 15, 2015 Return to Headlines

Coquitlam’s 2014 Annual Report Highlights Strong Year

by Kevin Henkelman |

COQUITLAM, BC, June 15, 2015 – The City of Coquitlam has approved its 2014 Annual Report and all signs point to a successful year.

The report, entitled Our People, Our Plans, Our Progress, highlights the City’s accomplishments, activities and financial results for the year ending December 31, 2014.

The title reflects that, thanks to a solid business planning process, the City is able to make consistent progress that improves the quality of life and services for the people of Coquitlam.

Many achievements were made in support of the City’s five strategic goals. For example (note the full list is available in the Annual Report): 

  • Strengthen neighbourhoods
    • Completion and adoption of the Maillardville Neighbourhood Plan
    • Completion of the Burke Mountain Firehall
  • Expand local jobs, local prosperity
    • Establishment of a tourism program
    • QNet expanded Wi-Fi and cellular networks in Coquitlam’s parks and facilities to enhace access and bandwidth
  • Increase active participation and creativity
    • Approved the draft Parks, Recreation and Culture Master Plan
    • Launched the Park Spark volunteer program
  • Enhance sustainability of City services and infrastructure
    • Approved and constructed the City Centre District Energy Project
    • Revised our solid waste and recycling services – new contract saved residents 20% on utility fees
  • Achieve excellence in City governance
    • Continued to work with the YMCA to develop an agreement to build and operate a community centre in the Burquitlam-Lougheed area
    • Business Improvements and Customer Service Committee added the Stop Doing list to its mandate.

The City also remains in a solid financial status. More than $9 million in debt was paid down bringing the total debt to about 1.5% compared to the City’s assets. 

In addition, the City ended the year with a surplus of approximately $5 million – higher than normal, but still within accepted range. As such, those funds will be used to support priority infrastructure projects with direct community benefit in 2015 including: 

 

  • Enhancements to Rochester Park
  • Pedestrian and vehicle safety improvements 
  • Seniors’ centre parking assessments
  • A remaining balance in the Infrastructure Reserve Fund to support unforeseen infrastructure needs

Strategic investments of surplus funds are helpful to support one-time priority projects, and can help mitigate the need for future tax increases.

For more information, or to read the complete 2014 Annual Report, visit www.coquitlam.ca/annualreport.

A condensed highlights version of the annual report is also available online at www.coquitlam.ca/annualreport as well as at City Hall and in recreation facilities.

To learn more about services available in the City of Coquitlam, visit www.coquitlam.ca/justthefacts.

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Media contact:
Sheena MacLeod
General Manager, Financial Services
604-927-3031