Five-Year Financial Plan and Budgeting Process
Below, you'll find details related to the Five-year Financial Plan and Budget 2025 planning and approval process. Please follow the links to view Council presentations and related staff reports outlining details related to those plans.
Each year, the City prepares a five-year financial plan outlining projects and spending that will occur during that period and describes how the City will pay for them. The City strives to maintain a thriving community while keeping taxes affordable for businesses and homeowners.
The planning and approval process for the 2025 Five-Year Financial Plan and Budget 2025 is currently underway. The City has prepared the 2025 Five Year Financial Plan Overview for the public. Follow the link to read about this year's plan.
Below are the details of past and upcoming meetings, including links to Council presentations and related staff reports. The public is welcome to provide feedback throughout the process by sharing your thoughts or asking questions on Engage Kimberley.
Meeting #1: Revenue Policy Overview - November 18, 2024
City CFO Krista Waite presented information on the City's primary revenue sources and requested direction from the Council. This meeting marked the initial step in preparing the 2025-2029 Five-Year Financial Plan.
Meeting #2: Capital/Non-Capital Project Plan - January 20, 2025
City CFO Krista Waite presented the proposed 2025-2029 Capital and Non-Capital projects, which Council approved for inclusion in the 2025-2029 Five-Year Financial Plan.
Meeting #3: 2025-2029 Operating Budget Presentation - March 3, 2025
City CFO Krista Waite presented the 2025 - 2029 Operating Budget and requested Council input. The meeting was streamed live on YouTube.
Meeting #4: 2025-2029 Five Year Financial Plan and the 2025 Tax Rates Bylaw Presentation - April 14th, 2025
Regular Meeting of Council
City CFO Krista Waite requested and received Council's approval of first three readings for the 2025-2029 Five Year Financial Plan and the 2025 Tax Rates Bylaw. Follow the links below to watch the meeting or read the corresponding staff reports.
Meeting #5: 2025-2029 Five Year Financial Plan and the 2025 Tax Rates Bylaw - April 28th, 2025
Regular Meeting of Council
City CFO Krista Waite will present the 2025-2029 Five Year Financial Plan and the 2025 Tax Rates Bylaw at the Regular Meeting for consideration of adoption. The meeting will be streamed live on YouTube. Stay tuned for the corresponding staff report.
What happens after adoption?
Property Tax Notices will be mailed once these bylaws have been adopted. The deadline to pay your 2025 Property Tax Bill is Wednesday, July 2, 2025.
Thank you to all residents for participating in this year's 2025-2029 Five-Year Financial Plan and Budget planning process