Planning our financial future to 2020

Thank you to all who visited this page and provided your input and feedback on the City's proposed Five Year Consolidated Financial Plan (2016-2020).

The public comment period concluded Friday, February 26, 2016 (5 p.m.)

_ _ _ _ _ _ _ _

We want to hear from you about the City's 5 Year Consolidated Financial Plan.

The Document Library on this page provides a copy of the proposed financial plan, a Summary with highlights for the proposed plan, as well as the Operating, Capital and Utility budgets.

Background
Each year, the City of Richmond adopts three annual budgets to guide civic spending:

1. The Operating Budget funds the provision of general City services and determines annual property tax rates.
2. The Capital Budget funds investments in new infrastructure or equipment.
3. The Utility Budget supports provision of water, sewer, drainage and garbage and recycling services.

Once the City has adopted each of its three budgets for the coming year, it also develops a 5 Year Consolidated Financial Plan to:

• meet obligations under the Community Charter, which governs BC’s local government, and requires the City to adopt a 5 Year Financial Plan
• provide a budget road map for the City to manage its resources, revenues and spending to best serve the community
• establish the City has ability to meet the needs of the community and maintain civic service levels for the coming five years, while meeting its legal requirement to deliver balanced annual operating budgets.

More information
For a hard copy of the proposed 5 Year Consolidated Financial Plan (2016-2020), please call 604-276-4218 or email finance@richmond.ca.