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. Feedback on the 2023-2027 Financial Plan was collected between January 18 and February 10 to identify any areas of concern about the budget.
The results of the survey, direct feedback from residents received, and opinions expressed on the Cariboo Regional District's social media channels was summarized and provided to the Board for their consideration at the February 23, 2023 Board meeting.
Budget 2023 Resources
Information about the 2023-2027 Financial Plan, which was adopted on March 24, 2023, is provided below in drop-down menus. 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.
Previous Budgets
| 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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