(Click image to view Financial Plan)
The Community Charter requires that Council adopt a Five-Year Financial Plan (or budget) each year prior to adopting the annual property tax bylaw.
Purpose of the Financial Plan
The Financial Plan provides the City with clear direction, ensuring that its work is continually aligned with Council’s strategic priorities, achievable within the annual budget, and responsive to the needs of residents. It also fosters transparency and fiscal accountability to residents.
Adoption of the Financial Plan
Following business plan presentations and budget deliberations, Pitt Meadows City Council adopted the budget and adopted the 2021–2025 Financial Plan Bylaw in April 2021. A media release announced approval of the 2021 budget at 3.77 percent or $125 (single-family home), which is broken down as follows:
Development of the Financial Plan
Each fall the City prepares business plans and budgets for the following year. The City’s Business Plan sets Council’s Strategic Plan into action, representing staff’s best recommendations for key initiatives, department budgets, and the five-year financial plan. It also provides additional transparency and accountability to the community. Meetings are open to the public and are conducted in Council in Committee format with a question and comment period provided at the end of the meeting. Department business plan presentations occurred on November 23 and 24.
Staff presented Council with an overview of their area, including: key services; staffing complement; 2020 achievements; deferred projects; 2021 key challenges, 2021 key initiatives; and proposed operating and capital budgets. Staff also introduced any decision packages related to recommended service level changes. See below for individual department plans.