Business » Finance » Financial Plan
2013-17 Financial Plan
This document is designed to present the financial plan for the City of Kamloops over the next five years. There are four budgets that tie this plan together. They are the general operating, water, sewer, and capital budgets, which direct City revenues and expenditures. The City's financial position is detailed in the most recently published Audited Financial Statements along with definitions and explanations.
The general operating budget sets out how much money the taxpayers pay for essential services and sets out the various revenues the City receives through property taxes and other sources.
The water and sewer utility budgets present the revenue and expenses to provide water and sanitary waste removal services.
The capital budget sets out the requirements and funding sources to restore, replace, and renovate the City's infrastructure, such as our buildings, parks, roads, storm sewers, water system, sanitary sewer system, fleet, and technology.
To understand these budgets, the book is divided into five parts:
Section A - Introduction
Section B - General Fund Totals
Section C - General Fund Program Budgets
Section D - Water and Sanitary Sewer Budgets
Section E - 5 Year Capital Plan
Appendix A - Service Level Summary
Section A begins with the City's mission statement and strategic plan as well as assumptions made when preparing the budget, guidelines, background information, definitions, and explanations. Also included are details of the financial position of the City as at the end of 2012 as detailed in the 2012 Audited Financial Statements along with definitions and explanations.
Section B presents the financial plan for the general fund at a corporate level. The major impacts on the financial plan are detailed.
Section C delves deeper into the plan, providing the budgets for each general operating budget. This section also provides details of the specific functions of each program, the significant budgetary issues felt by each program, and the service level changes made to provide the specific service.
Section D provides details of the water and sanitary sewer systems budgets, including expenditures and revenue sources required to fund these expenses.
Section E provides the five-year capital plan by project.
Financial Planning Manager
955 Concordia Way
Kamloops BC V2C 6V3