Richmond Consolidated 5 Year Financial Plan 2024-2028

The City of Richmond is proposing a Consolidated 5 Year Financial Plan (2024-2028) Bylaw No. 10515 to consolidate the Utility, Operating, Capital, and One-Time Expenditure budgets. The plan includes the preliminary draft budget for the Richmond Olympic Oval Corporation but excludes the Lulu Island Energy Company budget.

• The 5 Year Financial Plan Bylaw provides the City authority to proceed with spending to the limits outlined.
• The City must undertake public consultation prior to adoption of the 5 Year Financial Plan under section 166 of the Community Charter.
• The public consultation period will run until January 21, 2024, and staff will report the results to Council.
• The Consolidated 5 Year Financial Plan includes estimates for 2025-2028 based on current information, which will be revised annually.

• November 14, 2023: 2024 Utility Budgets and Rates approved as presented
• December 11, 2023: 2024 Operating and Capital Budgets for Richmond Public Library approved as presented
• December 11, 2023: 2024 Proposed Operating Budget approved as presented
• December 11, 2023: 2024 One-Time Expenditures approved as presented
• December 11, 2023: 2024 Proposed Capital Budget approved as amended by Council