Financial Plan
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.
2018 – 2022 Five Year Financial Plan
Over the next few months, District of Sooke Council will go through the process of approving the Financial Plan and Property Tax Rates for 2018. 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, 2018.
Information regarding the 2018 budget and the 2018 – 2022 Five Year Financial Plan will be posted here as it becomes available.
Date |
2018 -2022 Financial Plan Development Calendar |
| March 21, 2018 & March 22, 2018 |
Special Council Meetings – Budget
Draft 2018 to 2022 Five Year Financial Plan – as presented March 21 and 22, 2018 |
| March 26, 2018 | Regular Council Meeting |
| March 27, 2018 | Special Council Meeting – Budget
Proposed 2018 – 2022 Five Year Financial Plan as presented March 27 2018 |
| April 3, 2018 | Special Council Meeting – Budget
Proposed 2018 – 2022 Five Year Financial Plan as presented April 3, 2018 |
| April 5, 2018 | Special Council Meeting – Budget
Proposed 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.
2017-2021 Five Year Financial Plan
Date |
2017-2021 Financial Plan Development Calendar |
| March 8, 2017 | Review of Departmental Budgets: CAO Budget Overview, 2017 Budget Overview, Protective Services (RCMP, Fire Department), Council , Corporate Services, Financial Services, Revenues, Development Services, capital budget, Wastewater (Note: Click on the department name to link to the presentation that was provided at the meeting. CAO and RCMP were verbal, following along with the Five Year Plan budget specific to that area, as presented below.) 2017 – 2021 Five Year Financial Plan as presented at March 8, 2017 Special Council meeting |
| March 9, 2017 | Review of Departmental Budgets continued (remainder of items that do not get addressed the night before) 2017 – 2021 Five Year Financial Plan as presented at March 9, 2017 Special Council meeting |
| March 13, 2017 | Review of Departmental Budgets continued (remainder of items that do not get addressed the night before) 2017 – 2021 Five Year Financial PLan as received at March 13, 2017 Regular Council meeting |
| March 22, 2017 | Community Grant Application Presentations & Review |