District Budget

Page updated June 20, 2022


The Community Charter requires local governments to approve a five-year Financial Plan Bylaw each year before they adopt the annual Tax Rate Bylaw. The current year in the five-year financial plan forms the annual budget. The financial plan identifies both operating and capital expenditures balanced against revenues from such sources as:

  • property tax
  • sale of services
  • grants
  • transfers from other governments

The financial plan is developed by Council through its strategic planning process, service-level review, and citizen engagement. Additionally, the District must produce annual audited financial statements in accordance with generally accepted accounting principles through the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. The audited statements must be included in the Annual Municipal Report.


Budget Process (Overview)

Updating the district’s budget is a year-long, cyclical, process.

Citizen Budget Survey

The Citizen Budget Survey is available from mid-June to mid-July, to provide residents with the opportunity to:

  • learn about district services, including what is received for their tax dollars AND how much they spend on that service;
  • let us know how satisfied, or not, they are with the value they are receiving for the current level of service provided; and
  • provide input on district service levels and make suggestions for potential changes.

2023 SURVEY AVAILABLE UNTIL JULY 17, 2022:

Budget Development

Using the information received from the public during the citizen budget survey along with master planning documents, staff prepare a preliminary budget. This preliminary budget identifies potential changes in service levels for Council’s consideration.

Budget Presentation and Council Direction

After staff present a preliminary budget to Council and discuss service levels at a Committee of the Whole public meeting, a draft budget will be considered for first reading (introduction by Council) and second reading (initial discussion by Council) before proceeding to a community open house.

Community Budget Open House

The community is invited to an open house to discuss the potential budget with staff. Feedback received is presented to Council in advance of third reading (financial discussion by Council before fourth reading and adoption).

Third Reading

Council’s final discussion on the budget takes place in a public meeting at third reading.

Adoption

After third reading is given, the budget returns to Council at a separate public meeting for fourth reading and adoption

REPORTS FROM PREVIOUS YEAR:


Bylaws


Financial Plans

(Unofficial copies – contact Director of Finance to verify):

2021 – 2025 Five-Year Financial Plan
2020 – 2024 Amended Five Year Financial Plan
2019 – 2023 Five Year Financial Plan
2018 – 2022 Five Year Financial Plan
2017 – 2021 Five Year Financial Plan
2016 – 2020 Five Year Financial Plan
2015 – 2019 Five Year Financial Plan
2014 – 2018 Five Year Financial Plan
2013 – 2017 Five Year Financial Plan
2012 – 2016 Five Year Financial Plan
2011 – 2015 Five Year Financial Plan
2010 – 2014 Five Year Financial Plan
2009 – 2013 Five Year Financial Plan
2008 – 2012 Five Year Financial Plan
2007 – 2011 Five Year Financial Plan
2006 – 2010 Five Year Financial Plan
2005 – 2009 Five Year Financial Plan
2004 – 2008 Five Year Financial Plan
2003 – 2007 Five Year Financial Plan
2002 – 2006 Five Year Financial Plan

 

What’s the District of Sooke’s overall direction for the future?


Resources