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
- grants
- 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.
2020 – 2024 Five Year Financial Plan
Over the next few months, the District of Sooke Council will be provided with an overview each departments services and budget impacts, then they will 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, 2020.
Information regarding the 2020 budget and the 2020 – 2024 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.
| 2020 Budget Process | |||
|---|---|---|---|
| Date & Time | Meeting/ Event | Additional Information | Documents |
| Monday, November 4, 2019 | Special Council Meeting | Service Level Review | Service Level Review Presentation-November 4, 2019 Agenda - November 4, 2019 |
| Thursday, December 5, 2019 | Special Council Meeting | Draft Financial Plan & Budget Presentations | |
| Monday, December 9, 2019 | Regular Council Meeting | Financial Plan Bylaw (1st & 2nd Reading) | |
| Wednesday, January 22, 2020 | Open House | Public Discussion on Financial Plan | |
| Monday, February 10, 2020 | Regular Council Meeting | Financial Plan Bylaw (3rd Reading & Formal Public Input) | |
| TBD | Regular Council Meeting | Financial Plan Bylaw Adoption | |
| Note: This information will be updated frequently. Please check back often. | |||
PAST BUDGET for 2019 |
||
| 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 |
| CANCELLED
|
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 |
View Regular and Special meetings (ALL open to the public) outlined below online at Agenda and Minutes.
Bylaws
2019 – 2023 Five Year Financial Plan Bylaw