Financial PLanning

2018 – 2022 Financial Plan

The District of Mackenzie updates its five-year Financial Plan each year, as required by the BC Community Charter. The purpose of the 5 Year Financial Plan is to provide a budgetary framework for the District to plan the management of its resources, revenues and expenditures in order to best serve the community.

The budget is reviewed and updated by staff and Council and reviewed in an open public meeting on an annual basis. Each municipality in British Columbia must prepare a five-year financial plan, and update it every year. The Financial Plan must be adopted by Council in the form of a Bylaw on or before May 15.

2018 Municipal Budget

The 2018 budget includes a combined 1.97% municipal tax rate increase for residential and non-residential properties.

Approximately 2/3 of the average residential tax bill in Mackenzie is the municipal portion of taxes, with 1/3 being Regional District and education taxes collected on behalf of the Regional District of Fraser-Fort George (RDFFG) and the Province of British Columbia.

2017 Revenues
2017 Revenues
2017 expenditures by function
2017 Expenditures

 Asset Management

The District is responsible for maintaining an enormous quantity and variety of assets, ranging from major infrastructure such as roads and utilities, to items as small as the computers and telephones used by the District to provide service to the community.

As infrastructure ages, maintenance becomes an ever-increasing challenge. Just like with your car or your home, if not properly maintained, these assets may fail much earlier than expected.

The goal of asset management is to ensure that current community services are delivered in a socially, economically, and environmentally responsible manner that does not compromise the ability of future generations to meet their own needs.

Council has made Asset Management a 2017 - 2020 Strategic Priority and is currently in phase-two of a long-term infrastructure and asset management plan project.

The District was successful in receiving $89,500 towards this project from the Union of British Columbia Municipalities. The video below is from the Federation of Canadian Municipalities and explains how asset management and sustainability can help communities.

Further information can be found at Asset Management BC and at Federation of Canadian Municipalities Municipal Asset Management Program.