Schedule for Budget and Financial Plan Deliberations
Council has authorized the following schedule of meetings to review the 2018 Budget and 2018 - 2022 Financial Plan:
- Monday, November 27th, 6:30 p.m. - Special Council meeting - first budget workshop - Preliminary 2018 operating and capital budgets.
- Monday, December 4th, 5:30 p.m. - Regular Council meeting - second budget workshop - review of operating budgets and introduction of the capital budgets.
- Monday, December 11th, 5:00 p.m. (time is tentative, to be confirmed) - Special Council meeting - third budget workshop - introduction of the 2018 water and sewer rates bylaws.
- Monday, December 18th, 7:00 p.m. - Regular Council meeting - adoption of water and sewer rates bylaws and early budget approval of capital projects.
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.