Each year, the Comox Valley Regional District (CVRD) updates the five-year financial plan that represents the operational and capital requirements of each service from one budget year to the next. Each service is reviewed and budgets are created based on approved work plans, organizational priorities, and sound financial practices.
The proposed Financial Plan and Capital Expenditure Program is developed by staff and presented to the CVRD Board for their consideration between January and March. All budget presentations are open to the public and are posted on the CVRD website. The Board is required to adopt a five-year Financial Plan annually as per Section 374 of the Local Government Act (RSBC 2015 c.1) by March 31.
Over a seven week period between January 24 and March 9, 2023, individual service budgets were presented to their respective CVRD boards, committees and commissions for review and feedback. Upon the conclusion of this extensive process, the CVRD Board adopted the 2023 - 2027 Financial Plan and Capital Expenditure Program on March 21, 2023.
To provide the public with an opportunity to further understand the CVRD's budget process, a free information session was hosted on February 7 about the basics of the CVRD’s budgeting process and electoral area services. The session focused on how CVRD’s budgets are created, how to read a budget, along with ways to provide feedback and be involved in the financial planning cycle.
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The timeline for the 2023- 2027 CVRD financial planning process:
- January 24 – March 7: Budget presentations commence and feedback welcomed.
- March 9: Feedback required to be submitted to CVRD by 4:30 pm.
- March 21: Annual Budget Bylaw presented to CVRD Board for first, second and third reading.
- March 23: Annual budget bylaw presented to CVRD Board for fourth reading and final adoption as the CVRD is legislatively required to have its budgets approved prior to March 31.
Want to get involved?
- Find meeting agendas and schedules
- Watch CVRD meetings live
- Watch previously recorded meetings
- Submit comments and feedback: Budget Inquiries
- Request a presentation to the CVRD Board or one of its committees through a formal delegation
- Contact a member of the CVRD Board
A Board adopted Financial Planning Policy guides the annual process by outlining the principles, content and schedule for the five-year Financial Plan presentations to the Board.