What is the Financial Planning Process?

• August - November - In August, staff draft individual budgets, which are based on the strategic priorities identified by the FVRD Board. Draft budgets are due for review in October. Follow-ups are completed in November.
• December - January - Staff present Electoral Area-specific budgets to EA Directors individually. Budgets are then revised based on feedback and presented to the Electoral Area Services Committee for review.
• February - Budget presentation to Committee of the Whole; committee feedback and public consultation (We are here).
• March - Financial Plans must be adopted by the FVRD Board by March 31 of each year, in accordance with Section 374 of the Local Government Act (RSBC 2015 c.1).

Highlights

Inflation has far-reaching effects on everyone and has created a climate of uncertainty as we recover from a global pandemic and unprecedented impacts from the 2021 Atmospheric River events. As a result, our financial plan was drafted with four key priorities: