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.
The District of Sooke is soliciting community input on the draft 2020-2024 Five-Year Financial Plan and has created an online survey for public participation. The survey will be open until noon on January 29, 2020, and the results will be compiled and presented to Council on February 3, 2020, Committee of the Whole meeting.
2020 BUDGET SURVEY – now closed
2020 – 2024 Five Year Financial Plan
Over the next few months, the District of Sooke Council will be provided with an overview of each department’s 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.
DRAFT Five-Year Financial Plan
| 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 Agenda Draft 2020-2024 Financial Plan Minutes |
| Thursday, December 5, 2019 @ 1:00 pm | Special Council Meeting | Draft Financial Plan, Budget Presentations and 1st & 2nd reading of Financial Plan Bylaw | Agenda Presentation Minutes |
| 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 Minutes |
| 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 Minutes |
| Tuesday, February 18, 2020 at 7:00 pm | Committee of the Whole Meeting | Further discussion on the budget items. | Agenda Minutes |
| 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 |
| 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