Financial Planning Timeline

• Finance Division

  • Jun–Aug: Assess common cost drivers such as the rates for materials or contract services and any impacts that might affect the utility rates
  • Sep–Oct: Draft utility rates and assemble provisional budget
  • Jan–Apr: Finalize budget and determine the tax draw and rates
• City Departments

  • Jun–Sep: Develop budgets and proposed business cases
  • Dec–Jan: Finalize business cases
• Corporate Senior Leadership

  • Sep–Oct: Review budgets and business cases
  • Jan: Review budgets and business cases
• City Communications

  • Nov–Mar: Release information about the upcoming budget, organize public engagement, and help present public feedback.
• City Council

  • Nov: Review proposed utility rates and provisional budget
  • Dec: Review, amend and/or approve the Utility Rate Bylaw and provisional budget. Review supplemental business cases.
  • Feb–Mar: Vote on supplemental business cases and approve finalized tax draw
• Public

  • May–Aug: Work with City Staff on new ideas and project proposals
  • Nov: Attend the public budget engagement session. Learn about the budget. Share feedback and ideas for future business cases. Establish connections with appropriate City staff to action ideas.
  • Feb–Mar: Attend the public budget engagement session. Learn about the supplemental budget items. Share feedback and ideas for future business cases. Establish connections with appropriate City staff to action ideas.