Schedule for Budget and Financial Plan Deliberations
Council has authorized the following schedule of meetings to review the 2017 Budget and 2017 - 2021 Financial Plan:
- Monday, January 16th, 7:00 p.m. - Regular Council meeting - Preliminary 2017 operating and capital budgets.
- Monday, January 23rd, - 6:30 p.m. - Special Municipal Services meeting - first budget workshop.
- Monday, January 30th, - Special Municipal Services meeting - second budget workshop.
- Monday, February 20th, 7:00 p.m. - Regular Council meeting - Presentation of the 2017 - 2021 Financial Plan.
Financial Plan Process
The Town of Ladysmith updates its five-year Financial Plan each year, as required by the BC Community Charter. Part of the Financial Plan is the detailed budget for the current year. The Town's Fiscal Year is January 1 to December 31.
Council reviews the budget at a number of meetings, generally in February, March and April, before adopting the Financial Plan bylaws by May 15. Citizens are invited to provide input into the budget by attending Council meetings at which the budet is discussed, or by writing to Council at any time.
Each municipality in British Columbia must prepare a five-year financial plan, and update it every year. The Financial Plan must be adopted by Council in the form of a Bylaw on or before May 15.
Financial Plan Documents
During the Budget and Financial Plan Process, Council reviews a number of documents and presentations. They will be available here as they are prepared and published. We will also post the final Financial Plan and related bylaws when approved by Council.