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2011 lets talk taxes

2011 Financial Plan

2011 Budget Information

What is the City's budget?

City challenges - limited funding sources

Port Moody’s budget process is a major undertaking, the results of which impact every resident and business in the City. Mayor and Council want to hear what you think about proposed budget expenditures for 2011-2015. Be part of the discussion!

View the budget town hall meeting agenda
View the budget town hall meeting PowerPoint presentation

2011 budget information

Council for the City of Port Moody believes in the value of planning. We look to the future, and bring it into the present so we can do something about it. The 2009 Council Strategic Plan establishes Port Moody Council’s vision, value and goals and guides their decisions for future planning. Excellence in Service Delivery is one of the four principles of the plan, and Council has identified the following as top priorities:

Essential services – Service, facility or activity of local government that is or will be, at any time, necessary for the safety security, health and mobility of the community.

  • Police
  • Fire
  • Water
  • Sewer
  • Local roads
  • Garbage and recycling

Priority services – Service, facility or activity of local government that is or will be, at any time, provided to enhance the prosperity and quality of life of the community.

  • Planning/development
  • Environmental management
  • Parks
  • Recreation
  • Library services
  • Arts & Culture
  • Licencing/bylaws
  • Heritage

Support services - Service, facility or activity of local government that is or will be, at any time, provided to support the essential and priority services.

  • Tax Collection/Billing
  • Human Resources
  • Payroll
  • Finance
  • Administration
  • Clerks
  • Information Technology

 What is the City’s budget?

Port Moody’s budget consists of two major categories: Operating and Capital.

Operating budget

The City’s proposed 2011 operating budget is $36.7M. This is the amount of expenditures that the City proposes for the year. The operating budget covers the City’s day-to-day operations:

  • employee salaries & wages
  • reserve transfers
  • contracts & fees
  • supplies & equipment
  • vehicle charges
  • heat & light
  • training & development

Capital budget

The City’s proposed 2011 capital budget is $2.94M. Port Moody’s capital projects include:

  • physical upgrades
  • replacement of assets
  • equipment maintenance

 City challenges - limited funding sources

Taxation, including utility user fees, is the major consideration as they comprise 80% of the revenues. The City is limited in other revenue opportunities.

 

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 2011 Financial Plan

Last updated: 06/03/2013 11:32:46 AM