Financial Plan

Five-year Financial Plan - 2019-2023

Financial Plan Bylaw No. 16-319, 2019, passed first, second, and third reading at the May 7 Regular Council Meeting, with official bylaw adoption expected at the May 14 Regular Council Meeting. 

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 A - Introduction

Section A begins with an overview and timeline of the financial planning process and a message from Corporate Services Director Kathy Humphrey. This section outlines tax rates, City debt, and where budget money goes. 

Section B - Program Budgets

Section B outlines detailed information about each program in the general revenue fund. Program details include its purpose, significant impacts on the budget, and any service level adjustments. 

Section C - General, Water, and Sewer Funds

Section C outlines details of the general, water, and sanitary sewer operating funds. 

Section D - Capital

Section D outlines the Capital Program, including funding sources and breakdown. 

Appendix A - Business Cases
Appendix B - Service Level Descriptions