Finance & Funding - Financial Plan

COVID-19: Things are evolving daily and the page below may not be current, get the latest updates on City facilities, services and programs at coquitlam.ca/covid19.

Note also that many services are available online to continue to serve the community at this time.

Design the City’s Budget for 2021

Until Sept. 30, members of the public can design a mock City budget using the interactive online Citizen Budget tool. Coquitlam has used the tool since 2014 to give the community a chance to provide meaningful input as staff and Council begin to prepare next year’s budget. Take a few minutes to provide your input. (Google Chrome and Microsoft Edge are recommended web browsers).

Citizen Budget Tool

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 2020 - 2024

Financial Plan Archive

Learn More About City Budgets

Want to learn more about where your tax dollars go? The City of Coquitlam has made available a data visualization tool for the public to easily view information about City budgets and spending. Check it out to view:

Capital Budgets (breakdown of the 5-year capital budget down to the project level)
Project Explorer (a highlight of select new and ongoing projects)
Operating Budgets (breakdown of the operating budget down to the business unit)
2018 Annual Expenses (the City’s most recent audited financial statement data)