Finance & Funding - Financial Plan

The Local Government Act requires the City of Coquitlam to complete a Five-Year Financial Plan and Budget each year. The Financial Plan ensures responsible money management and relates directly to the priorities identified by the community.

Why does the City prepare a Financial Plan?

  • The Financial Plan provides City staff with clear direction on spending levels for each defined priority and the authority to pay for services for Coquitlam residents.
  • Ensures that City staff are accountable to the residents.

How does the City develop a Financial Plan?

The Financial Plan development process begins with strategic planning and includes public consultation, extensive background briefings for Council and comprehensive discussion sessions that culminate in a proposed Five-Year Financial Plan for Council approval. It also includes a number of key budget assumptions. Using this as a basis, work plans are developed for each department, with resource needs identified. Together with the Strategic Plan and Business Plan, this approach to financial planning provides for a thorough, strategic focus in the budget deliberations.

Where can I get more information about the City’s Financial Plan?

 

Download - Five-Year Financial Plan 201​​7 - 20​21 

2017 Budget Speech

On December 5, 2016 Mayor Richard Stewart provided introductory remarks prior to Council consideration of the 2017-2021 Five Year Financial and Capital Plan.​

Financial Services Department
Phone:
604-927-3030
Fax: 604-927-3035