Each year, the District of Sooke Council must adopt a five year financial plan, with the current year of the plan being the annual budget. The financial plan identifies both operating and capital expenditures balanced against revenues from such sources as:
- property tax
- sale of services
- transfers from other governments
The financial plan is developed by Council through their strategic planning process and identifies for staff and the public what types and quality of services are to be provided. A public consultation process is required for the financial plan and the municipality must produce annual audited financial statements in accordance with generally accepted accounting principles Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. The audited statements must be included in the Annual Municipal Report.
2019 – 2023 Five Year Financial Plan
Over the next two months, the District of Sooke Council will hear presentations from each department, then review and approve the Financial Plan and Property Tax Rates for 2019. The process involves open dialogue and consultation with the residents of the District of Sooke with opportunities for the public to find out more about the District’s budgeting process. The Five Year Financial Plan and Tax Rate bylaws must be adopted by May 15, 2019.
Information regarding the 2019 budget and the 2019 – 2023 Five Year Financial Plan will be posted here as it becomes available. The details from these meetings will be posted on the Agenda & Minutes page of the District website.
2019-2023 Financial Plan Development Calendar
|February 27, 2019 @ 2:00 p.m.||Special (Budget) Council Meeting – Department Presentations||Draft Financial Plan Bylaw_Feb-27-2019|
|March 4, 2019 @ 6:00 p.m.||Special (Budget) Council Meeting – Department Presentations||Draft Financial Plan Bylaw_Mar-4-2019|
||Special (Budget) Council Meeting – Department Presentations (if required).||no additional details.|
|March 11, 2019 @ 7:00 p.m.||Regular Council Meeting||1st & 2nd Reading of Bylaw|
|March 20, 2019 @ 3:00 p.m.||Open House (3:00 – 7:00 p.m.) Council Chambers||Public Consultation (Informal public input)|
|March 25, 2019 @ 7:00 p.m.||Regular Council Meeting||Formal Public Input & 3rd Reading of Bylaw|
|April 8, 2019 @ 7:00 p.m.||Regular Council Meeting||Final Adoption of Bylaw|
2018 -2022 Financial Plan Development Calendar
|March 21, 2018
March 22, 2018
|Special Council Meetings – BudgetDraft 2018 to 2022 Five Year Financial Plan – as presented March 21 and 22, 2018
Budget -Background Documentation
|March 26, 2018||Regular Council Meeting|
|March 27, 2018||Special Council Meeting – BudgetProposed 2018 – 2022 Five Year Financial Plan as presented March 27 2018|
|April 3, 2018||Special Council Meeting – BudgetProposed 2018 – 2022 Five Year Financial Plan as presented April 3, 2018|
|April 5, 2018||Special Council Meeting – BudgetProposed 2018-2022 Five Year Financial Plan as presented April 5, 2018|
View Regular and Special meetings (ALL open to the public) outlined below online at Agenda and Minutes.