Annual Financial Planning Process

Each year, the Comox Valley Regional District (CVRD) updates the financial plan. The plan includes the five-year operational budgets and ten-year capital requirements of each service from one budget year to the next. Each service is reviewed and budgets are created based on the CVRD board’s core service strategic priorities, approved work plans, and sound financial practices.

The proposed Financial Plan and Capital Expenditure Program is developed by staff and presented to the CVRD Board on January 23, 2024. Over a seven-week period between January 23 and March 1, 2024, individual service budgets are presented to their respective CVRD boards, committees and commissions for review and feedback.

The budget package including a summary for each CVRD Core Service and individual service presentations will be on the CVRD website. All budget meetings are open to the public.

The Board is required to adopt a five-year Financial Plan annually as per Section 374 of the Local Government Act (RSBC 2015 c.1) by March 31.

Thank you for your feedback.

The time for submitting public feedback has ended. Thank you to everyone who participated.

We have entered into the time where special budget meetings (if required) will take place. On March 12 the recommended budget will be presented to the CVRD Board. The CVRD Board will sit for three readings of the 2024 - 2028 Financial Plan and Capital Expenditure Program on March 19, 2024.


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CVRD Financial Planning Process

Infographic of the CVRD financial planning process

CVRD Core Services

In 2023, the CVRD delivered 102 services, each with its own unique budget, to residents in Courtenay, Comox, Cumberland & Electoral Areas A, B & C. Each service falls under one of eight core services.