Past Budgets

2020 Budget

On May 12, 2020, Council approved the 2020 Financial Plan presented by the Financial Services department. The 2020 Financial Plan has been prepared to maintain the same level of service as the 2019 Financial Plan with the exception of unavoidable new services and COVID-19 related reductions. To ease the financial burden faced by taxpayers during the COVID-19 pandemic, Port Moody City Council made cuts to the 2020 Financial Plan that resulted in a reduced tax rate increase of 1.61 per cent, down from the previously-approved 3.62 per cent. Review the 2020-2024 Five Year Financial Plan for more detailed information about our budget and financial plans.

Public Budget Consultation

Thank you to everyone who took the time to give us your feedback on the 2020-2024 draft financial plan.

The 2020 Budget Guide provides information about the budget process and the City's proposed net operating expenses for 2020.

Our 2020 budget breakdown shows you average household costs broken down by City departments.

2020-2024 Operating Budget

For further details, view the full 2020-2024 Budget

Capital Budget

For further details, view the full 2020-2024 Capital Budget

_Department	₂₀₂₀	₂₀₂₁	₂₀₂₂	₂₀₂₃	₂₀₂₄
_{City Administration}	_$125,000	_$125,000	_$125,000	_$125,000	_$125,000
_{Corporate Services}	_$41,000	_$36,000	_$41,000	_$36,000	_$41,000
_{Community Services}	_$2,684,700	_$1,116,600	_$1,538,000	_$1,209,900	_$1,751,300
_{Planning & Development}	_$190,000	_$0	_$0	_$0	_$0
_{Engineering & Operations}	_$3,294,500	_$6,714,100	_$2,798,000	_$3,034,800	_$3,597,000
_{Environment & Parks}	_$879,500	_$1,309,500	_$1,542,800	_$147,000	_$117,000
_{Finance & Technology}	_$270,000	_$105,000	_$20,000	_$60,000	_$170,000
_Library	_$41,100	_$0	_$0	_$0	_$0
_Police	_$528,700	_$262,100	_$154,600	_$240,900	_$750,300
_Utilities	_$8,374,700	_$7,299,400	_$4,167,200	_$5,945,200	_$6,458,100
_Total	_$16,429,200	_$16,967,700	_$10,386,600	_$10,798,800	_$13,009,700

Timeline

_{Jul 16, 2019}	_{Finance Committee}	_{Budget guidelines approved}	_Agenda	-	_Video
_{Jul 2019}	_{Staff Action}	_{Budget packages distributed to departments}	-	_-	_-
_{Jul - Sep 2019}	_{Staff Action}	_{Budgets prepared by departments}	-	-	-
_{Sep - Nov 2019}	_{Staff Action}	_{Staff budget reviews}	-	-	-
_{Oct 15, 2019}	_{Finance Committee}	_{Utility Budget and Rates Approved}	_Agenda	_-	_Video
_{Oct 22, 2019}	_{Regular Council}	_{Library Board Budget Presentation}	_Agenda	_Presentation	_Video
_{Nov 5, 2019}	_{Finance Committee}	_{Introduce Draft 2020-2024 Capital Budget}	_Agenda	_Presentation	_Video
_{Nov 26, 2019}	_{Regular Council}	_{Police Board Budget Presentation}	_Agenda	_Presentation	_Video
_{Dec 3, 2019}	_{Finance Committee}	_{Introduce Draft 2020-2024 Operating Budget}	_Agenda	_Presentation	_Video
_{Jan 7, 2020}	_{Finance Committee}	_{Budget Deliberations}	_Agenda	_Presentation	_Video
_{Jan 21, 2020}	_{Finance Committee}	_{Budget Deliberations}	_Agenda	_Presentation	_Video
_{Feb 4, 2020}	_{Town Hall Meeting}	_{Public Consultation with CAG}	-	_Presentation	_Video
_{Feb 18, 2020}	_{Finance Committee}	_{Budget Deliberations}	_Agenda	_Presentation	_Video
_{Apr 7, 2020}	_{Finance Committee}	_{Budget Deliberation}	_Agenda	_-	_Video
_{Apr 21, 2020}	_{Finance Committee}	_{Approval of Financial Plan and Tax Rates}	_Agenda	_-	_Video
_{May 12, 2020}	_{Regular Council}	_{Financial Plan and Tax Rates Bylaws}_{readings and adoption}		_Presentation