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.
2020 – 2024 Five Year Financial Plan
Over the past several months, the District of Sooke Council has reviewed each department’s services and budget impacts, engaged with the residents through an online survey, public input at meetings and an open house held in Council Chambers. On March 31, 2020, at a Special Council meeting the Five-Year Financial Plan Bylaw was adopted, the final plan was presented at the March 9, 2020, Regular Council meeting.
All information regarding the 2020 budget and the 2020 – 2024 Five Year Financial Plan is provided below.
|2020 Budget Process|
|Date & Time||Meeting/ Event||Additional Information||Documents|
|Monday, November 4, 2019 @ 1:00 pm||Special Council Meeting||Service Level Review||Council Presentation
Draft 2020-2024 Financial Plan
|Thursday, December 5, 2019 @ 1:00 pm||Special Council Meeting||Draft Financial Plan, Budget Presentations and 1st & 2nd reading of Financial Plan Bylaw||Agenda
|Wednesday, January 22, 2020 at 2:00 pm - 8:00 pm||Open House in Council Chambers 2225 Otter Point Road||Public Discussion on Financial Plan & Access to Online Survey||Survey Closed
Results included in February 3, 2020 Committee of the Whole agenda.
|Monday, February 3, 2020 at 1:00 pm||Committee of the Whole Meeting||Budget Discussion||Agenda
|Monday, February 10, 2020 at 7:00 p.m.||Regular Council Meeting||Two Reports - on information from the February 3 Committee of the Whole meeting||Agenda
|Tuesday, February 18, 2020 at 7:00 pm||Committee of the Whole Meeting||Further discussion on the budget items.||Agenda
|Monday, March 9, 2020 at 7:00 pm||Regular Council Meeting||3rd Reading of the Bylaw||Agenda|
|Monday, March 23, 2020 at 7:00 pm||Regular Council Meeting-CANCELLED||Formal Public Input & Adoption of Bylaw||Meeting will be rescheduled - please check back for date|
|Tuesday, March 31, 2020||Special Council Meeting||Adoption of Bylaw||Agenda|
|Monday, May 11, 2020||Regular Council Meeting||Adoption of Amended Bylaw||Agenda
Amended Five Year Financial Plan 2020 to 2024
|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|
||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.