Annual Budgets
Annual Budgets
Each year the City of Port Moody sets an annual budget. Balancing the delivery of services with property taxes and user fees to meet community needs, is the purpose budget process.
Draft 2020 budget
The City of Port Moody’s Financial Services department will be presenting the Draft 2020-2024 Operating and Capital budget to the Finance Committee on Tuesday, December 3, 2019. The Finance Committee will have the opportunity to deliberate on the draft budget and to propose changes as necessary. Review the Draft 2020-2024 Five Year Financial Plan for more detailed information about the City's budget and financial plans.
| Proposed Operating Budget | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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For further details, view the full Draft 2020-2024 Budget
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| Proposed Capital Budget | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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For further details, view the full Draft 2020-2024 Capital Budget
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Budget consultation
Each year the City undertakes a public consultation on the budget. The City of Port Moody invites residents to attend a town hall meeting to provide input as Council considers the 2020-2024 financial plan. The town hall meeting will take place at City Hall (100 Newport Drive) on Tuesday, February 4, 2020.
For reference, view our past 2019 Budget Booklet for a full breakdown of our previous revenue and expense streams. View the results and comments submitted from the 2019 public consultation.
Operating budget
Our operating budget covers spending related to the day-to-day operations of City departments. These daily expenses help to keep our streets and homes safe, and ensure that we have clean water running through the taps, garbage and recycling trucks on the road, and recreational and cultural facilities open for the public. Typical examples of operating expenses are:
- employee salaries and wages
- supplies, materials, and equipment
- property, liability and vehicle insurance
- maintenance
Capital budget
The City's capital budgets fund larger, long-term projects, mostly related to maintaining, upgrading, and replacing the City's infrastructure and facilities. It's important to make long-term plans for scheduled maintenance and replacement of these valuable, tangible capital assets (TCAs) to ensure they are in place to deliver services. The capital budget works to advance Council’s 2019-2023 strategic plan within our long-term financial capacity.
Types of projects funded
Past budgets
Review our past budgets:
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