2024 Budget

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The District of Tofino’s 2024-2028 financial planning process is underway.


Understanding the Municipal Budget

How does the budget process work?

Legislation requires municipalities to prepare a financial plan, or budget, every year that includes the current fiscal year and the next five fiscal years (five-year plan). The financial plan includes both operating and capital budgets for each year.

Both the Financial Plan and Tax Rates Bylaws must be adopted each year before May 15.

What is involved in budgeting considerations?

Municipalities are required to prepare a balanced budget each year. To achieve this, District staff must identify revenue sources to fund all anticipated expenditures.

District staff consider many factors while preparing the proposed financial plan, including:

  • Council's Strategic Plan
  • Past year’s actual spending and required adjustments to the operating budget.
  • Changes in scope or cost estimates of approved capital projects.
  • New equipment or capital projects that require funding.
  • Potential new staffing requirements.

How is the public involved?

Tofino residents and businesses are encouraged to make Council aware of your priorities, whether you value more parks, childcare, reserves for infrastructure, or lower taxes. We invite you to attend budget meetings, learn about the process, understand the issues and the challenges, and let Council know your thoughts. District staff are available to answer questions, distribute your feedback to Council, and provide clarity.

The District of Tofino’s 2024-2028 financial planning process is underway.


Understanding the Municipal Budget

How does the budget process work?

Legislation requires municipalities to prepare a financial plan, or budget, every year that includes the current fiscal year and the next five fiscal years (five-year plan). The financial plan includes both operating and capital budgets for each year.

Both the Financial Plan and Tax Rates Bylaws must be adopted each year before May 15.

What is involved in budgeting considerations?

Municipalities are required to prepare a balanced budget each year. To achieve this, District staff must identify revenue sources to fund all anticipated expenditures.

District staff consider many factors while preparing the proposed financial plan, including:

  • Council's Strategic Plan
  • Past year’s actual spending and required adjustments to the operating budget.
  • Changes in scope or cost estimates of approved capital projects.
  • New equipment or capital projects that require funding.
  • Potential new staffing requirements.

How is the public involved?

Tofino residents and businesses are encouraged to make Council aware of your priorities, whether you value more parks, childcare, reserves for infrastructure, or lower taxes. We invite you to attend budget meetings, learn about the process, understand the issues and the challenges, and let Council know your thoughts. District staff are available to answer questions, distribute your feedback to Council, and provide clarity.

  • Watch: Special Council Meeting - February 15, 2024

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    On February 15, 2024, District of Tofino staff presented a second draft of the 2024-2028 Financial Plan to Mayor & Council.

  • FINANCIAL PLAN TOWN HALL: January 30, 2024

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    The District of Tofino invites residents to the upcoming Financial Plan Town Hall scheduled for Tuesday, January 30, 2024, from 4 to 6 PM.

    The event will take place in the Tofino Council Chambers at the District of Tofino Municipal Hall.

    During the Town Hall, District staff will provide key information to residents regarding the District's fiscal vision for the next 5 years including updates on capital infrastructure projects, community recreation initiatives, and more.

    This interactive session offers an opportunity for residents to directly engage with District staff, Mayor Law, and Council who are eager to address any questions or feedback related to the proposed projects outlined in the financial plan.

    Refreshments and light snacks will be provided.

    Your participation is valued as we collectively shape the future of our community.
  • Watch: Special Council Meeting December 5, 2023

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    On December 5, 2023, District of Tofino staff presented a first draft of the 2024-2028 Financial Plan to Mayor & Council.




Page last updated: 16 Feb 2024, 02:40 PM