City of Surrey 2017 - 2021 Financial Plan
EXECUTIVE OVERVIEW FINANCIAL PLANNING PROCESS
Financial planning gives departments the opportunity to examine issues, assess objectives, and re-direct resources to accomplish goals. Although the Financial Plan is presented to the Finance Committee at the end of a year, or early in the new year, and adopted by Council before May 15th as required under the Community Charter, Section 165(1) and 197(1), the planning process actually begins many months before.
FINANCIAL PLAN TIMELINES
The following timetable outlines the process behind the 2017 - 2021 Financial Plan:
Identify and review of the impact of the prior-year financial plan on the current year; and Publish guidelines for the preparation of departmental plan submissions. Prepare Departmental Financial Plans; Departments submit Operating and Capital Issue Papers; and Preliminary ranking of Capital Projects.
JUNE 2016
JULY— AUGUST 2016
Prepare Preliminary Financial Plan; and Prepare Long-Term Capital Plan.
SEPTEMBER – OCTOBER 2016
Present preliminary plan to Finance Committee for further direction (November 21); Present the 2017 - 2021 Financial Plan to Council (December 12); and Receive final reading for the 2017 - 2021 Financial Plan Fees and Rates Bylaws (December 19) Receive final reading for the 2017 - 2021 Financial Plan
NOVEMBER— DECEMBER 2016
2017-2021 FINANCIAL PLAN
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