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Budgets & Financial Reporting

5 Year Financial Plan

What is a 5 Year Financial Plan?
The Community Charter requires that Council adopt a 5 Year Financial Plan each year prior to the adoption of the annual Property Tax Bylaw. The purpose of the 5 Year Financial Plan is to provide a budgetary framework for the City to plan the management of its resources, revenues and expenditures in order to best serve the community. The following video provides an introduction to the City's budget process.

The Consolidated 5 Year Financial Plan combines the 2022 Utilities Budget (approved by Council on November 8,2021), the 2022 Operating Budget, 2022 Capital Budget and the 2022 One-Time Expenditures (all of which were approved by Council on December 6, 2021). The 2022 Richmond Public Library Budget was approved by Council on December 6,2021.

PDF Document 2022 Proposed Capital Budget
PDF Document 2022 Proposed Operating Budget
PDF Document 2022 Utility Budgets and Rates
PDF Document 2022 One-Time Expenditures
PDF Document 2022 Richmond Public Library Budget

The following documents provide an overview of the Consolidated 5 Year Financial Plan (2022-2026):

PDF Document Highlights of the Consolidated 5 Year Financial Plan (2022-2026)

5 Year Financial Plan (2022-2026) Bylaw 10327
The City's Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327 was approved on Wednesday, December 15, 2021 and is currently available in the link below:

PDF Document Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327
PDF Document Consolidated 5 Year Financial Plan (2022-2026) RTC

Give us your feedback
We want to hear from you about the City's proposed Consolidated 5 Year Financial Plan (2022-2026). We welcome your input before 11:59 p.m. on January 9, 2022 by:

  • Visiting our online community engagement site at letstalkrichmond.ca
  • Emailing finance@richmond.ca
  • Delivering written submissions to the Finance Department, Richmond City Hall, 6911 No. 3 Road, Richmond V6Y 2C1

It is anticipated that Bylaw No. 10327 will be considered by City Council for adoption at the Regular Council Meeting on Monday, January 24, 2022 at 7:00 p.m. in the Richmond City Hall Council Chambers. Please note that space is limited at this time for in-person attendance at Council meetings. As an alternative, you may provide written comments in advance of the meeting, or participate in the meeting remotely via telephone, instead of attending in-person. Members of the public are encouraged to register as early as possible in advance of a meeting. Registration closes at 1:00 p.m. on the date of the meeting. Information on how to register is available on the City website: www.richmond.ca/cityhall/council/phone-participation.

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