Budget Information

How do we determine how City funds are spent?  

Every year the Financial Planning Department collects information from department managers to determine what funds will be needed over the next 5 years for operations and projects. From this information, decisions must be made to keep taxes affordable while maintaining quality programs and services for citizens.  

Upcoming Budget Sessions:

2019 – 2023 Final Financial Plan Review 

The review process for the City’s 2019 – 2023 Financial Plan is nearly complete.  The Finance and Audit Committee will review the proposed Final 2019 – 2023 Financial Plan at the April 10th Finance and Audit Committee meeting.   

  • April 10th 9:00 am at the Services and Resource Centre (SARC)

Read the Budget in Brief for highlights of the plan.

Annual Financial Plans

The City’s integrated planning framework is comprised of three separate but complementary planning processes.  These processes support alignment and integration of resources and activities to achieve the strategic goals and priorities set by Council.  These three key processes include: the Strategic Plan, the Asset Management Plan and the Financial Plan.

Annual Financial Plans

In compliance with the Community Charter, the Financial Plan is developed through public consultation and Council direction.  Prior to May 15th each year, Council must adopt both a Five Year Financial Plan bylaw and a Property Tax Rates bylaw.

Core Services Review

A Core Service Review was completed in 2016.  Work on many of the recommendations commenced in 2016.  As recommendations are reviewed and approved by Council, they will be incorporated in the City's financial plans.

Strategic Plan Update

Council completed a Strategic Plan updated in 2016.  The purpose of the update was to build upon the community vision, values and commitments made under the City's previous 2012 - 2015 Strategic Plan.  Five priority projects and two key initiatives were identified for 2016 - 2019.  The five projects include 1 Port Drive/South Downtown Waterfront Development, Beban Park Facilities Redevelopment Master Plan, Sports and Entertainment Centre, Waterfront Walkway and Georgia Avenue Pedestrian/Cycle Bridge.  The two initiatives are Affordable Housing and Property Acquisition.

20 Year Investment Plan

On April 5, 2017, staff presented a 20 Year Infrastructure Investment Plan to Council.  The plan included projected investment required over the next twenty years for current infrastructure renewal, for new/upgraded infrastructure required due to growth and for specific investment.

Development of the City's first 20 Year Infrastructure Investment Plan was led by the City's Asset Management Steering Committee and included input from the DCC Review Committee.  Both committees have representation from across the organization including engineering, development, facilities, IT and finance disciplines.

The 20 Year Infrastructure Investment Plan identified a projected infrastructure investment need of $1.1 billion with current funding strategies providing $794 million.  The total potential funding gap is $258 million.  The gap is comprised of a funding shortfall of $117 million in development contribution charges for new and upgraded infrastructure required due to growth and $141 million for infrastructure renewal funded from general revenues and reserves.  Council approved the following recommendations to close the funding gap:

  • Continuation of 1% annual increase to property taxes to 2022 for contributions to the General Asset Management Fund Reserve
  • Completion of the DCC Review and adoption of new rates bylaw
  • Continued development of the City's asset management capacity

The new DCC rate bylaw was adopted the Spring of 2018.  The City's Asset Management Steering Committee is currently leading several key initiatives.

Read the 20 Year Investment Plan.

Get Involved!

Citizens have an opportunity to provide their input and engage in budget discussions once a Draft Financial Plan is presented to Council.  Here is how:

  • Attend Council and Finance and Audit Committee Meetings on Budget discussions
  • Participate in the annual eTOWN Hall Meeting to discuss the City of Nanaimo's annual budget

 2019 - 2023 Provisional Financial Plan

The 2019 – 2023 Provisional Financial Plan was adopted by Council on January 14th .   Read the Quick Facts Sheet for additional information on the provisional budget.

2019 - 2023 Draft Financial Plan

The 2019 – 2023 Draft Financial Plan was presented to the Finance and Audit Committee November 26th and 27th and December 4th and 5th . Read the 2019 - 2023 Budget in Brief for an overview of the plan.

 

Previous Presentations:

  •      Monday November 26

            Introduction by CAO

            Budget Overview Revised

            Chief Administrator's Office

            Chief Administrator's Office Presentation

            Chief Administrator's Office Business Plan

            Legislative Services and Communications

            Legislative Services and Communications Presentation

            Legislative Service and Communications Business Plan

            Human Resources

            Human Resources Presentation

            Human Resources Business Plan

            Finance

            Finance Presentation

            Finance Business Plan

            Information Technology

            Information Technology Presentation

            Information Technology Business Plan

            Community Development

            Community Development Presentation

            Community Development Business Plan

  •   Tuesday November 27

            Police Services

            Police Services Presentation

            Police Services Business Plan

            Nanaimo Fire Rescue

            Nanaimo Fire Rescue Presentation

            Nanaimo Fire Rescue Business Plan

            Bylaw, Regulation, and Security

            Bylaw, Regulation, and Security Presentation

            Bylaw, Regulation, and Security Business Plan

            Engineering and Public Works

            Engineering and Public Works Presentation

            Engineering and Public Works Business Plan

            Parks and Recreation

            Parks and Recreation Presentation

            Parks and Recreation Business Plan

            Budget Recap

  •   Tuesday December 4

           20 Year Investment Plan Asset Management Presentation

           Asset Management Overview

           2019 - 2023 Draft Project Plan Highlights Presentation

           Investing in Canadian Infrastructure Presentation

           Project Management Framework Presentation

  • Wednesday December 5

           Budget Recap Presentation - Revised

2018 - 2022 Financial Plan

The Final 2018 – 2022 Financial Plan was adopted by Council on May 9, 2018.  The budget reflects decisions made by Council during the budget review process in 2017 and the Spring of 2018.

The 2018 – 2022 Financial Plan includes many initiatives linked to the Strategic Plan Update including: phased development of a Waterfront Walkway, Georgia Avenue Greenway and annual contributions to the Housing Legacy reserve.  In addition, the plan includes significant investment in infrastructure renewal projects, annual social, cultural and sports grant programs, new cycling, pedestrian, transit and vehicle amenities and water conservation programs.

Read the 2018-2022 Financial Plan Quick Facts* for highlights of the Final 2018 – 2022 Financial Plan.

Read the Budget In Brief 2018APR-04 presented to the Finance and Audit Committee April 4, 2018.

*Revised June 1, 2018 for School District Tax Rate.

Contact Us

Finance Division 250-754-4251
finance.division@nanaimo.ca

Last updated: April 23, 2019

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