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​9 - 20​23 

2020 Budget Speech

On Dec. 9, 2019 Mayor Richard Stewart provided introductory comments prior to Council consideration of the 2020-2024 Five Year-Financial Plan Bylaw.

The City’s Annual Tax Rates will be adopted in 2020, after the BC Assessment Authority information on property values becomes available.

The 2020-2024 Five Year Financial Plan document will also be posted to the website in spring 2020.

See also our Information Bulletin – Coquitlam’s 2020 Budget Addresses Community Priorities.

Financial Services Department
Fax: 604-927-3035