Each year Council and City staff work together to develop an annual budget. Municipalities in British Columbia are required by legislation to have a balanced budget. This means that no debt can be incurred to fund the basic operating expenditures. Debt can only be used to fund capital projects, such as buildings, road constructions, water, sewer and drainage works.
The budget outlines how the monies that come into the City should be spent to maintain and improve the City. As the City is limited by the amount of resources available, the budget helps in determining those objectives with the highest priority and which will produce the greatest positive impact in the community.
See the Related Documents section on the right for links to Budget documents, Annual Reports, and Statements of Financial Information.