Reader’s Guide

This document provides an overview of the 2023 – 2027 Financial Plan, including the City’s integrated planning process, details about key elements of the Financial Plan and 2023 budget, impacts to residents and a look forward to the future of Coquitlam

Incorporating Equity, Diversity and Inclusion

At the City of Coquitlam, equity, diversity, and inclusion (EDI) is a top priority, including making our documents accessible and inclusive To support our commitment to EDI, we’ve made this document accessible by using gender-neutral language, simple and easy-to-understand language, and inclusive photos We’ve also considered font size, colour contrast, and assistive technology compatibility As we move forward in our efforts to support universal accessibility, we will continue to refine how we present information both internally and to the community we serve

The 2023 – 2027 Financial Plan is organized into the following chapters:

1. Executive Summary

Provides a summary of the 2023 – 2027 Financial Plan including key highlights and impact to residents in terms of property tax and other rate changes

2. Coquitlam Overview

Provides an overview of the City of Coquitlam’s history, location, population and demographics as well as the City’s governance structure

3. Integrated Planning Framework

Outlines Coquitlam’s corporate planning framework including the Strategic Plan, Business Plan and financial planning processes

4. Financial Policies, Fund Structure and Reserves

Highlights the financial policies and regulatory requirements related to the development of the City’s Financial Plan This section also identifies Coquitlam’s financial fund structure, which is a combination of the general fund, utility funds, reserve and trust funds, and includes a summary of reserve funding

5. Financial Plan Overview

Provides an assessment of the internal and external conditions affecting the City of Coquitlam along with the budget highlights, the City’s major fund balances, consolidated financial summary, and staffing history

6. 2023 Five-Year Consolidated Operating Plan

Outlines the Five-Year Consolidated Operating Plan and identifies major revenue sources, budget increases and departmental budget details including related key performance measures

7. 2023 Five-Year Capital Plan

Outlines the Five-Year Capital Plan and includes the City’s approach to capital planning, guiding principles, funding sources, and a summary of capital projects by category This section also outlines the City’s asset management program

8. Appendix

Provides a glossary of defining terms that are either technical in nature or have a unique meaning for the City of Coquitlam