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Financial PLanning

2025 – 2029 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.

2025 Municipal Budget

The 2025 municipal budget saw an overall decrease of $383,803 or (4.2)% from the 2024 municipal budget. The majority of the decrease is due to tax revenue loss from reduction of assessment value in Category 4 (Major Industry). A portion, but not all, of the tax revenue loss was covered through an increase in property tax revenue, increase in grants, reduction of operating expenses, and utilization of other source of funds (surplus, financial stability reserve and dividends).

The average assessed property of $164,900 will see an increase of $223.84 for the year to their property tax bill (municipal property taxes $126.96, utilities $96.88) which works out to $18.65 per month.

Approximately 2/3 of the average residential tax bill in Mackenzie is the municipal portion of taxes, with 1/3 being taxes collected for other government agencies such as: School tax, BC Assessment, Municipal Finance Authority, Police Tax, Regional District and Regional Hospital.

For more information on the budget tools and reports visit Let's Chat Mackenzie.

Contact

Kerri Borne

Chief Financial Officer

250-997-3221
Email Kerri

 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.

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.

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