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 2018 - 2022
2018 Budget Speech
On Dec. 4, 2017 Mayor Richard Stewart provided introductory remarks prior to Council consideration of the 2018-2022 Five Year Financial and Capital Plan. The Tax Rates Bylaw will be adopted in the spring of 2018, after the BC Assessment Authority provides information on property values.
The 2018-2022 Five Year Financial Plan document will also be posted to the website in spring 2018.
See also Information Bulletin – Coquitlam’s 2018 Budget Addresses Growth and Demand.