2014 to 2018 Financial Plan

Council adopted the 2014-2018 Financial Plan on May 12, 2014, which included an overall 1.70% increase to property taxes and a reduction of .05 to 2.80 (or 2.80 x the residential tax rate) for the Commercial tax rate multiplier. 

What this means to the Taxpayer

The “average” 2014 residential property (class 1), valued at $275,625, will see an increase of $11.93 for the municipal taxation portion of your tax notice.

The “average” 2014 commercial property (class 6) valued at $693,105, will see an increase of $255.19 for the municipal taxation portion of your tax notice.

Reports and Information

Inclusive of the three operating budgets – General, Water and Sewer – the following pie graphs depict proportionally where the 2014 funds are utilized and from where revenues are sourced:

 

How do we compare?

The following 2013 Information has been extracted from the Provincial local government statistical reports and shows how the City of Courtenay compares with other communities.

Detailed Financial Plan Reports and Presentations to Council

Financial Plan – Detailed Schedules

Click on the following links to view the detailed reports and budget schedules provided to Council:

General Operating and Capital Budgets

  1. Report #1 to Council – General Operating 2014-2018 Financial Plan and Property Tax Impact [PDF - 222 KB]
  2. Report #2 to Council – General Operating 2014-2018 Financial Plan and Property Tax Impact [PDF - 354 KB]
  3. Report to Council – General Capital 2014-2018 Financial Plan [PDF - 144 KB]
  4. 2014-2018 General Operating Financial Plan [PDF - 417 KB]
  5. 2014-2018 General Capital Financial Plan [PDF - 155 KB]

Water Operating and Capital Budget

  1. Report to Council – Water 2014-2018 Financial Plan and User Fees [PDF - 173 KB]
  2. 2014-2018 Water Operating Financial Plan [PDF - 100 KB]
  3. 2014-2018 Water Capital Financial Plan [PDF - 173 KB]

Sewer Operating and Capital Budget 

  1. Report to Council – Sewer 2014-2018 Financial Plan and User Fees [PDF - 144 KB] 
  2. 2014-2018 Sewer Operating Financial Plan [PDF - 19 KB] 
  3. 2014-2018 Sewer Capital Financial Plan [PDF - 87 KB]

 

 Report to Council & Financial Plan Bylaw – Adopted May 12, 2014 [PDF - 549 KB] 

Presentations to Council were made on the following dates: 

  • February 11, 2014
  • February 17, 2014
  • March 12, 2014
  • April 9, 2014
  • April 22, 2014

2014 City Council Agendas, Minutes & Video