Budget & Financial Reports

Budget Process

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.

Scales of justice

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.

2018/19 Budget Meeting Dates 

All budget meetings are held in Council Chambers on the 2nd floor of City Hall at 310 Ward St. Budget meetings are from 9:00am - 4:00pm. 

December 11, 2018 - Hydro Presentation on 2018 Operations / Proposed 2019 - 2023 hydro rates and budgets.

December 13, 2018 - Council Utilities Update Working Session

January 8, 2019 - Council Budget Working Session

January 15, 2019 - Council Budget Working Session

January 18, 2019 - Council Budget Working Session

January 29, 2019 - Council Budget Working Session

Financial Reports

See the Quick Links section on the right for links to Budget documents, Annual Reports, and Statements of Financial Information.