2022 Financial Plan

Share on Facebook Share on Twitter Share on Linkedin Email this link

The CRD prepares a financial plan each year outlining resources required to deliver services, initiatives and capital programs while adjusting to current conditions. The financial plan consists of individual service budgets, some of which are recommended directly through standing committees of the CRD Board, and others which are recommended by sub-regional or local service commissions with various degrees of delegated authority.

The Capital Regional District (CRD) Board reviewed and approved the provisional Financial Plan for 2022 on October 27, 2021.

The CRD provisional 2022 Financial Plan is now available for public review and comment. The plan is subject to change prior to final approval by the Board and you are invited to provide feedback using the tools below.

The CRD prepares a financial plan each year outlining resources required to deliver services, initiatives and capital programs while adjusting to current conditions. The financial plan consists of individual service budgets, some of which are recommended directly through standing committees of the CRD Board, and others which are recommended by sub-regional or local service commissions with various degrees of delegated authority.

The Capital Regional District (CRD) Board reviewed and approved the provisional Financial Plan for 2022 on October 27, 2021.

The CRD provisional 2022 Financial Plan is now available for public review and comment. The plan is subject to change prior to final approval by the Board and you are invited to provide feedback using the tools below.

  • Consolidated Budget

    Share on Facebook Share on Twitter Share on Linkedin Email this link
    supporting image

    The CRD, Capital Regional Hospital District (CRHD) and Capital Region Housing Corporation (CRHC) financial plans combine to form a consolidated budget totaling $611 million. The proposed consolidated operating portion, $371 million, will pay for a range of regional and sub-regional services to over 425,000 people. The proposed consolidated capital portion targets $240 million in projects which will generate an estimated 1,394 new jobs in the region.

    The provisional Financial Plan impact is unique for each municipality, electoral area and First Nation as each participates in a different set of services with an overall consolidated requisition increase of 1.7% for 2022.


  • Operating

    Share on Facebook Share on Twitter Share on Linkedin Email this link
    supporting image

    The operating portion of the provisional CRD Financial Plan pays for the expenses required to advance Board strategic priorities, including labour, supplies, programs, services and repayment of debt for major projects. For 2022, the operating portion includes revenues and expenditures of $309 million, an increase of $12.3 million (4.1%) compared to the 2021 CRD Financial Plan.



    * Three climate action initiatives identified in the CRD’s new Climate Action Strategy, require an increase to the maximum allowable funding requisition for the CRD’s Climate Action and Adaption Service to implement. This is dependent on a municipal consent process, taking place in early 2022, to amend Bylaw No. 3510. If approved these initiatives will add $900,000 to the final budget in March.


  • Capital

    Share on Facebook Share on Twitter Share on Linkedin Email this link
    supporting image

    The capital portion pays for infrastructure, including acquisition of buildings and facilities, renewal and replacement of existing structures, and construction and upgrades to assets. With the completion of the Core Area Wastewater Treatment Project in 2021, the 2022 capital portion of the CRD provisional financial plan is $169 million, a decrease of $117.2 million (-41%) compared to the 2021 CRD Financial Plan.



  • Service Planning & Community Needs

    Share on Facebook Share on Twitter Share on Linkedin Email this link

    Service planning provides information necessary to create a financial plan and to evaluate overall organizational requirements, new initiatives, proposed service levels and financial implications.

    Community need summaries contain the initiatives, associated staffing, timing and service levels required to meeting objectives outlined in the 2019-2022 Corporate Plan. For 2022, staff identified 49 initiatives in support of the 15 community needs and organizational requirements that will have budget implications above core service delivery in 2022.

  • Financial Indicators

    Share on Facebook Share on Twitter Share on Linkedin Email this link

    Financial indicators provide insight on trends and measures of organizational and financial performance. They are complemented by asset management and policy development regarding debt management, reserve levels, risk management and facility lifecycles. They also enable better monitoring of expenditures and investments in light of continued service delivery demands.

Page last updated: 05 November 2021, 15:42