TOWNSHIP OF ESQUIMALT MEMORANDUM
MEETING DATE: November 25, 2024 Report No. FIN-24-022
TO: Council
FROM: Ian Irvine, Director of Financial Services
SUBJECT: 2025 Budget Schedule
INFORMATION:
The Community Charter requires municipalities to adopt annually, by bylaw, a financial plan prior to the adoption of a property tax bylaw. Additionally, a public consultation process must be undertaken before adopting the financial plan. While the public is encouraged to provide their input at any time, the attached schedule outlines the various meetings and key milestones within the Township’s budget process.
Those events which directly involve the Committee or Council, including presentations by staff and external organizations and the various Council discussions, are denoted with asterisks (**) and have been labelled with a reference to “Council” or “COTW”. These include a review of the key budget components, calculated revenue increase, financial plan policies and calculated property tax rates.
The annual budget schedule outlines the timing, responsibilities, and desired outcomes of various process deliverables. The 2025 schedule is similar to last year and attempts have been made to correlate the dates with Council’s approved 2025 Regular Meeting Schedule. While departments are already in the process of updating their budget information, approval of the 2025 budget schedule would allow staff to adequately prepare for the various meetings, discussions, and presentations prior to bylaw adoption. This approval would allow staff to coordinate a budget presentation by the Library Board and would allow for communication regarding public input opportunities during the process.
Should Council wish to approve the proposed 2025 budget schedule, the following motion would be appropriate:
That Council approve the 2025 Budget Schedule as attached to Staff Report No. FIN-24-022
REVIEWED BY:
1. Sarah Holloway, Deputy Corporate Officer, Reviewed
2. Dan Horan, Chief Administrative Officer, Concurrence
LIST OF ATTACHMENTS:
1. Proposed 2025 Budget Schedule