DRAFT - Five-year Financial Plan - 2018-2022
We've developed this document to present the financial plan for the City of Kamloops over the next five years. The City's financial position is detailed in the most recently published Audited Financial Statements along with definitions and explanations.
The following three budgets tie this plan together and direct City revenues and expenditures:
- General Operating Budget - Sets out how much money the taxpayers pay for essential services and the various revenues sources for the City, such as property taxes.
- Water and Sewer Utilities Budget - Presents the revenue and expenses for providing water and sanitary waste removal services.
- Capital Budget - Sets out the requirements and funding sources needed to restore, replace and renovate the City's infrastructure, such as our buildings, parks, roads, storm sewers, water system, sanitary sewer system, fleet and technology.
Section C delves deeper into the plan, providing the budgets for each general operating budget. This section also provides details of the specific functions of each program, the significant budgetary issues felt by each program and the service-level changes made to provide the specific service.