Budget Process
The Community Charter requires local governments to approve a five-year Financial Plan Bylaw each year by the end of March. The Financial Plan is also referred to as the Budget. Generally, the annual budget is prepared through the following process:
- Each fall the CRD creates budgets for each of its services based on anticipated activities and priorities.
- Finance compiles all these budgets to make a draft financial plan.
- The draft financial plan is reviewed and approved by the CRD Board.
- The plan is revised based on public input and Board priorities until a final version is approved.
- The final version allows us to develop the Financial Plan Bylaw.
- The Financial Plan Bylaw must be adopted no later than March 31.
In the Financial Plan Bylaw, we set the property tax revenue we need for each service. This forms the basis for your taxation rates for the year. The CRD Board may amend the financial plan by bylaw at any time during the five-year period.
Learn more about the relationship between property assessments and property taxes, or view this helpful video provided by BC Assessment.
Budget Feedback
As part of preparing the Financial Plan, we seek out resident and stakeholder feedback on the proposed levels of spending, taxation, and methods of financing for various initiatives and services. To support this, detailed information on the financial plan is provided, and residents are encouraged to review the summary and provide feedback to the Board through our online survey. The Board reviews the public input before a final version is adopted.
The results of the survey, direct feedback from residents received, and opinions expressed on the Cariboo Regional District's social media channels will be summarized and provided to the Board for their consideration at the February 23, 2023 Board meeting.
Budget 2023 Resources
Information about the 2023 budget will be provided as it becomes available. While the budget seeks to be a holistic overview of goals, objectives, and planned changes to services, additional background may be available from documents provided through previous Board or committee meetings. For all documents related to Board and Committee Meetings, please visit our agendas and minutes page.
Questions and/or feedback can be directed to the Chief Financial Officer.
| 2022 Budget Resources |
These documents are provided as background to the 2022 Budget and are archived on this website. The documents are presented only for convenience, and do not represent any actual spending values over the fiscal year. For reporting on actual spending, please visit our Financial Statements webpage.
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