Research and consultation are vital to Metro Vancouver’s financial planning process, particularly about the significant infrastructure investments required to support the region. These services go through a rigorous financial planning process each year, which includes collaboration between Metro Vancouver, its member municipalities, and other stakeholders.
We have one of the most livable regions in the world. To help keep it that way, Metro Vancouver provides essential services to the region based on rigorous, carefully researched analysis and planning. The same goes for Metro Vancouver’s financial planning process. Research and consultation are vital, particularly about the significant infrastructure investments required to support the region.
Metro Vancouver’s major service departments include Water, Solid Waste, Air Quality and Climate Change, Liquid Waste, Housing, Regional Parks, and Regional Planning. These services go through a rigorous financial planning process each year. The process includes regular communication between Metro Vancouver, its member municipalities, and other stakeholders.
It all starts with Metro Vancouver’s Board Strategic Plan, which identifies key priority themes for the board’s mandate. These priorities guide Metro Vancouver’s delivery of services for a sustainable region. The annual financial planning process begins with a Board workshop to review priorities and confirm staff direction for budget preparation. Metro Vancouver staff then develops their multiyear capital plans and operating budgets.
In the next step, each Metro Vancouver department presents its budgets and workplans to senior management for evaluation and adjustment. The budgets and capital plans are also shared with senior staff from member municipalities for feedback and guidance. Each Metro Vancouver service function has its own committee, which reviews the budgets and plans in open meetings. This provides elected officials their next opportunity for input.
After that, Metro Vancouver’s Board holds a workshop to review the proposed financial plan. This workshop includes an opportunity for the public to offer input about the budget. Following this, further adjustments are made if requested by the Board. When all of these steps are completed, the Board holds a vote and finalizes the coming year’s budget and the five year financial plan.
It’s a thorough process, with input and multiple reviews along the way. And it’s about more than research, data and numbers. It’s about collaboration with member municipalities, and working together as a region. And it’s about making sure Metro Vancouver’s financial plans meet the goal of creating a sustainable and livable region now and for the future.
Learn more about Metro Vancouver Budgets and Financial Plans