City of Surrey 2017 - 2021 Financial Plan

EXECUTIVE OVERVIEW

FINANCIAL PLANNING PROCESS

2017-2021 FINANCIAL PLAN

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:

JUNE 2016



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.

JULY—

AUGUST 2016



Prepare Departmental Financial Plans;



Departments submit Operating and Capital Issue Papers;

and



Preliminary ranking of Capital Projects.

SEPTEMBER –

OCTOBER 2016



Prepare Preliminary Financial Plan; and



Prepare Long-Term Capital Plan.

NOVEMBER—

DECEMBER 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