2024-2028 Financial Planning

Each year, the Comox Valley Regional District (CVRD) updates the financial plan. The plan includes the five-year operational budgets and ten-year capital requirements of each service from one budget year to the next. Each service is reviewed and budgets are created based on the CVRD board’s core service strategic priorities, approved work plans, and sound financial practices.

The proposed Financial Plan and Capital Expenditure Program is developed by staff and presented to the CVRD Board on January 23, 2024. Over a seven-week period between January 23 and March 1, 2024, individual service budgets are presented to their respective CVRD boards, committees and commissions for review and feedback.

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.

We want to hear from you! 

Public feedback on the proposed budgets is encouraged. Please visit our public engagement website to learn more and provide your comments.

Provide Feedback Now on Engage Comox Valley

The timeline for the 2024- 2028 CVRD financial planning process:

  • January 22 – February 21: Budget presentations commence and feedback welcomed.
  • February 21: Feedback required to be submitted to CVRD by 4:30 pm.
  • March 12: Recommended Budget Presented to the CVRD Board.
  • March 19: 2024-2028 Financial Planning Bylaw to CVRD Board for three readings.
  • CVRD is legislatively required to have its budgets approved prior to March 31.

Quick Links

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.

CVRD Core Services

The CVRD delivers 102 services, each with its own unique budget, to residents in Courtenay, Comox, Cumberland & Electoral Areas A, B & C. Each service falls under one of eight core services. Find our more about the core services, their key service outcomes, the key initiatives and directions for each service, as well as the budgets.