Every year City Council, the City Manager and City staff work together to develop an annual budget. The budget process, and the decisions that must be made on how to best lead the development of a safe, vibrant and sustainable city, are supported by the Official Community Plan and the City's Strategic Plan.
The budget serves as an outline for how the monies that come into the City of Kelowna should be spent to maintain and improve the City. As the City is limited by the amount of resources available, the budget helps in determining which objectives have the highest priority and will produce the greatest positive impact in the community.
||Department budget requests, performance measures, goals and objectives due to Financial Services
||City Manager meets with each department to review and prioritize capital requests, supplements and expenditure reductions
||Budget overview presentation to Council.
||Council review and adoption of the 2013 provisional budget
||Council review and adoption of carryover budget projects
||Council review and adoption of final budget requests, property tax rates and the 2013 Five-Year Financial Plan
Expenditures focus on meeting these objectives:
- Supporting a safe, healthy and active community
- Supporting a growing, progressive economy
- Protecting our natural environment
- Investing in sustainable infrastructure
- Sound fiscal management
- Strong innovative leadership
Budget Process Map
Kelowna is an attractive place to call home – and that appeal is expected to attract almost 2,000 new residents every year over the next seven years. The added vitality of nearly 14,000 new citizens by 2020 also means City planners need to look into the future to make sure City of Kelowna facilities, roads, water supply and parks are capable of serving thousands more residents.
Annual budgets cover both operations and capital projects, with a five-year projection.
10-Year Capital Plan
Capital infrastructure projects are identified in a 10-year plan.
2020 Capital Plan
The 2020 Capital Plan is a “living” document that can change to meet new priorities or reassess timelines previously established for projects. The bottom line is to ensure projects are prepared with funding sources identified over the long-term.
The City of Kelowna is committed to investing in diverse infrastructure projects that contribute to a sustainable city and a safe and active lifestyle. The 2020 Capital Plan maps out construction timelines and where the money will come from for each project.
Funds for capital projects up to 2020 will come from:
- Taxation – $130 million
- Borrowing - $96 million
- Surplus / Reserves - $87 million
- Fed / Prov funding - $58 million
- Development Cost Charges - $39 million
- Developer / Community contributions - $9 million
- Utility Revenue - $245,000
20-Year Servicing Plan
The Official Community Plan deals with issues expected to arise over the coming 20-year period. The City’s 20-Year Servicing Plan and financing strategy supports the infrastructure needs called for in the OCP.
Official Community Plan
Residents have extensive input into the Official Community Plan (OCP) which provides a policy framework for housing, transportation, infrastructure, parks, economic development and the natural and social environment.
Residents and community organizations took part in developing the Strategic Plan which outlines the future direction for City services.