Financial Plans + Budgets

Financial Planning and Budget Cycle

The development of the City’s financial plan and budget is one of the most critical functions undertaken by City Council and Administration. The City uses a three-year multi planning method to enhance the financial planning and budget process and reinforce the commitment to long-term fiscal strategies. Although the budget is approved for one year, this multi-year view allows for transparency of short and long-term plans to residents and other stakeholders. Once the budget is approved, any amendments to the budget must have formal approval through City Council.

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Last edited: October 25, 2021