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Financial Planning

View the SRD's current and past financial plans.

The SRD Financial Plans

Our financial plans are comprehensive planning tools which provide guidance for the Regional District when considering service requests, operational priorities and strategic initiatives. The current Financial Plan covers the years 2019 to 2023 and was adopted by the Regional Board on February 28, 2019.

Each year, the Regional District goes through a financial planning process to prepare a financial plan legislatively required to be approved and adopted by the Board by March 31.

2020 Budget Process

The 2020 budget process followed the approved budget calendar of key dates and events, as follows:

2020 Budget Calendar
 Activity or Event Time/Location
November 5, 2019
SRD Open House –  Electoral Area B Manson’s Community Hall,
2:30 – 4:30pm
November 6, 2019

Regional Board and Electoral Area Services Committee (EASC) to present 2020 proposed strategic business cases

Strathcona Gardens Commission (SGC) to present 2020 draft capital plan

SRD Corporate Office

  • Regional Board, 10:30-12 noon
  • EASC, 1:00 – 3:00pm
  • SGC, 3:00-4:30pm
November 13, 2019
Electoral Area Services Committee (EASC) One-on-One Budget Meetings – Review Base Operating and Capital Budgets SRD Corporate Office

  • Electoral Area A (Kyuquot/Nootka-Sayward), 9:30 am – 10:30 am
  • Electoral Area C (Discovery Islands – Mainland Inlets), 10:30 am – 12:00 pm
  • Electoral Area D (Oyster Bay to Buttle Lake), 1:00 pm – 3:00 pm
  • Electoral Area B (Cortes Island), 3:00 pm – 4:30 pm
Date – To be determined 
To publish 2020-2024 recommended Financial Plan package SRD Corporate Office/Website
Date – To be determined 
Board budget deliberations

  • Opportunity for public input
  • Base operating budget
  • Capital budget
  • Service enhancements

Budget summary and direction to prepare Financial Plan Bylaw

SRD Corporate Office

  • 9:30 – 12 noon
  • 1 – 3:30 pm
Date – To be determined 

Board budget deliberations

*Optional day if required

SRD Corporate Office

  • 9:30 – 12 noon
Date – To be determined
To present 2020-2024 Financial Plan Bylaw for readings/approval

  • opportunity for public input
  • amendments by Board

First three readings, and possibly adoption

Board Meeting
Date – To be determined 

To present 2020-2024 Financial Plan Bylaw for approval and adoption

*Optional meeting if not adopted at first meeting

Board Meeting

Budgeting Process

The Financial Planning process generally begins in the fall of each year for the development of the next five-year plan. Budget information is published with Committee and Board meeting agendas and minutes as the planning process progresses. These meetings are open to the public and comments and questions are welcome. The Five-Year Financial Plan Bylaw must be adopted by March 31 of each year.

Budget Workshops

Every year, a series of financial planning workshops are held, usually in November, to help better understand and consider Electoral Area services, regional services and recreational services at Strathcona Gardens. Strategic business cases for new or enhanced services or projects are also considered as this time. The information gathered at these workshops are then compiled into what becomes the recommended Financial Plan package.

Questions about the budget process? Please contact Chief Financial Officer, Myriah Foort at mfoort@srd.ca.