Town adopts Five Year Financial Plan Bylaw

  • Mar. 7, 2011 1:00 p.m.

Town council adopted the Five Year Financial Plan Bylaw last Tuesday. Every year, by law, local governments must prepare this bylaw, which outlines revenues and expenses from the current year and the next four years. The first reading of the bylaw was given in the middle of January.

The plan also represents the Corporate Work Plan (projects the Town will work on in the next year like the community broadband network and the installation of a Green Gym), which is directed by the Town’s Strategic Plan.

“The adoption of this bylaw basically gives the Town permission to go ahead with these projects,” said David Allen, Chief Administrative Officer for the Town of Golden.

Projects that are starting this spring and summer include launching the new Community Bike Share program, blasting graffiti off the CPR bridge and installing new visitors signs around town and throughout the Rotary trail systems.

On the financial side of things, this year’s bylaw includes a general tax increase of 3.4 per cent. The Town has not implemented a property tax increase since 2007 and Allen said the public seemed to understand the necessity of the increase during the last two months when they had the opportunity to give the Town input.

“The new budget reflects council’s strategic priorities,” said Mayor Benty after the first reading of the bylaw in January. “It is what we believe we can accomplish this year. Our priorities focused on balancing environmental, economic and social/cultural responsibility.”

Something new to the budget this year, explained Mayor Benty, is the one half percent of the tax increase that is going toward our depreciating capital assets. It is a minimal amount, she said, but a start in the right direction.

Town council and staff are also excited about a new system of tracking progress on the Corporate Work Plan.  This specific intranet site, which was developed last year by the IT and Management teams and launched this spring, allows staff to track the time they work on a specific project. Staff will now report to council quarterly instead of yearly, which, according to David Love, Manager of Strategic Initiatives, will allow the Town to adjust projects “mid-stream” and before it’s too late.

“It’s very cutting edge,” said Allen.

Love agrees.

“It quantifies in real time what we’re doing and what we intend to do. When things go sideways, it gives council a choice of what they want to do.”

Love and Allen believe it will give the Town a greater transparency so the public can see how specific projects are going.

Just Posted

Students at Creston Valley Secondary School put together an art installation of a replica residential school room. (Photo by Kelsey Yates)
Creston students create art installation of residential school room

The replica was decorated with a small bed, school uniform, and notes written with pleas for help

An example of the kinds of invasive plants that can be found in Golden. (Tesia Hackett photo)
Golden annual weedpull back for 14th year

Invasive plants can be harmful to local ecosystems, Wildsight says

A tent housing a mobile vaccination clinic. (Interior Health/Contributed)
Second dose vaccinations accelerating throughout region: Interior Health

To date, more than 675,000 doses have been administered throughout the region

BC CDC map showing the geographic distribution of cases in the province. (BC CDC photo)
No new cases of COVID-19 in Golden

The last time the BC CDC reported a new case in the area was the week of May 23-29

Prince Charles Secondary School
School District 8 votes in favour of name change for Secondary School in Creston

In an act of reconciliation, a new name will be chosen for Prince Charles Secondary School

Bear wanders Kelowna on June 15. (Michelle Wallace/Facebook)
Bear climbs fence, uses crosswalk in Kelowna

The bear was spotted on Baron Road Wednesday evening

This photo of the small wildfire burning above Naramata was taken at 8 p.m. on Thursday, June 17, 2021 (Monique Tamminga Western News)
BC Wildfire on scene of small wildfire above Naramata

Smoke has been showing since earlier in the day

Students in the Grade 10 entrepreneurship program at Summerland Unisus School have completed a cookbook with international recipes. (Contributed)
Summerland students create virtual international cookbook

Entrepreneurship program at Summerland Unisus School uses virtual cookbook as fundraiser

Hundreds of people, young and old, joined the three-day Walking Our Spirits Home procession, honouring residential school survivors, those who never made it home and all those affected by the institutions. Here people walk the third portion on June 13. (Martha Wickett - Salmon Arm Observer)
Walking Our Spirits Home from Kamloops provides path to healing

First Nations in and beyond Secwépemc territory join in to honour residential school survivors

More flames
Lake Country home destroyed in large blaze, 11 dogs rescued

Fire crews are responding to 10839 Hallam Drive

(Facebook/Kelowna Cabs)
Kelowna Cabs reaches tentative agreement with dispatchers union

The tentative agreement could help end the dispute between the taxi company and the dispatchers

FILE – A science class at L.A. Matheson Secondary in Surrey, B.C. on March 12, 2021. (Lauren Collins/Surrey Now Leader)
Teachers’ union wants more COVID transmission data as B.C. prepares for back-to-school

BCTF says that details will be important as province works on plan for September

201 First Street West 1980s. Prior revitalization. (Photo from Revelstoke Museum and Archives)
Man who redesigned downtown Revelstoke honoured with lifetime achievement award

Robert Inwood has worked on historical projects across the province

Provincial health officer Dr. Bonnie Henry outlines B.C.’s COVID-19 restart plan, May 25, 2021, including larger gatherings and a possible easing of mandatory masks on July 1. (B.C. government photo)
B.C. records 120 new COVID-19 cases, second vaccines accelerating

Lower Pfizer deliveries for early July, Moderna shipments up

Most Read