2013 Financial Plan

The City of Port Moody completes a five-year financial plan to address community priorities in a fiscally responsible manner. We update the financial plan every year.

How does the City develop its financial plan?

1. City Council approves the preparation of the five-year financial plan.
2. The Financial Services Department addresses the financial position with the City's management team.
3. The Financial Services Department coordinates budget submissions from the departments.
4. The City's Executive Leadership Team meets several times to finalize the proposed Five-Year Financial Plan for Council's review.
5. The proposed Five-Year Financial Plan is presented to Council.
6. Financial Plan Bylaw is prepared according to Council decisions, given three readings and adopted.

Why does Port Moody prepare a financial plan?

It’s important to have a financial plan to properly manage the City’s finances and to :

• provide City staff with clear direction and the authority to pay for services for Port Moody residents
• ensure City staff are accountable to the residents
• meet the requirements of the Local Government Act.

2013 Budget information