Victoria, BC – The preliminary 2019 Capital Regional District (CRD) Financial Plan is available for public feedback online and via email as part of the annual financial planning process. The CRD, Capital Regional Hospital District (CRHD) and Capital Region Housing Corporation (CRHC) financial plans combine to form a consolidated budget.
The CRD’s multi-year financial plans establish a longer-term perspective of the allocation of resources required to deliver the programs and services needed by the community, and to accomplish Board priorities.
Financial plans are the products of a rigorous strategic, corporate and financial planning process spanning many months, starting in May of the preceding year. Service plans drive the financial planning process and provide necessary information to evaluate overall organizational requirements, new initiatives, proposed service levels and implications for the budget and financial plan. For all local services, a public review process has already been led by delegated commissions.
Various external forces influence the preliminary Financial Plan including inflation, interest rate changes and utility costs, such as electricity, natural gas, and fuel. Impacts on CRD activity include the need for new capital investment, infrastructure maintenance and upgrades, and a continued focus on maintaining service levels while advancing Board priorities.
The CRD Board approved the preliminary Financial Plan on September 5, 2018. The preliminary 2019 CRD Financial Plan is subject to change prior to final approval by the Board in March 2019. Feedback can be provided via email until February 15, 2019. Comments are correlated and provided to the Board as part of the budget approval process.
To provide feedback and for more information on the 2019 Consolidated Budget Overview and CRD Major Capital Projects, please visit www.crd.bc.ca/about/financial-accountability/budget-in-brief.
For media inquiries, please contact:
Andy Orr, Senior Manager
CRD Corporate Communications