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 2020 Utilities Budget (approved by Council on Nov 23, 2020) the 2021 Operating Budget (approved by Council on Jan 25, 2021), 2021 Council Community Initiatives (approved by Council on Feb 8, 2021), 2021 Capital Budget and the 2021 One-Time Expenditures (both of which were approved by Council on Feb 22, 2021). The 2021 Richmond Public Library Budget was approved by Council on Jan 25, 2021.
Additional Information on the 2021 Capital Budget
Additional Information on the 2021 One-Time Expenditures
2021 Capital Budget
2021 Proposed Operating Budget
2021 Utility Budgets and Rates
2021 One-Time Expenditures
2021 Richmond Public Library Budget
The following documents provide an overview of the Consolidated 5 Year Financial Plan (2021-2025):
Highlights of the Consolidated 5 Year Financial Plan (2021-2025)
5 Year Financial Plan (2021-2025) Bylaw 10239
The proposed 5 Year Financial Plan (2021-2025) Bylaw 10239 received preliminary approval from City Council on Mon, Feb 22, 2021 and is currently available in the link below:
Consolidated 5 Year Financial Plan (2021-2025) Bylaw No. 10239
Consolidated 5 Year Financial Plan (2021-2025) RTC
We want to hear from you about the City's proposed 5 Year Financial Plan. We welcome your input before 11:59pm on Mar 14, 2021:
- Visit our online community engagement site Let's Talk Richmond
- Email finance@richmond.ca
- Deliver written submissions to the Finance Department, Richmond City Hall, 6911 No. 3 Road, Richmond V6Y 2C1
It is anticipated that Bylaw 10239 will be considered by Council for adoption at the Regular Council Meeting on Mon, Mar 22, 2021 at 7:00pm in the Richmond city Hall Council Chambers. Public delegations at the Council Meeting are also permitted with regard to this bylaw. For more information on being a delegate, please contact the City Clerk's Office at 604-276-4007.