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Parksville city council approves 5-year financial plan bylaw

Plan sets out financial requirements for city department operations
The Parksville Civic and Technology Centre at 100 Jensen Ave. (PQB News file photo)

Parksville council has approved a bylaw for the city’s 2022-2026 Amended Financial Plan.

Council gave three readings to Five Year Financial Plan Amendment Bylaw, 2022-2026, No. 1577.1 during its Dec. 19 regular meeting.

Council approved a number of changes at its Dec. 5 meeting, following a presentation by Jedha Holmes, director of finance, and directed staff to prepare the bylaw.

Holmes’ presentation highlighted the challenges of completing projects while costs increase and orders of items, such as city works vehicles, are delayed.

READ MORE: Supply chain issues cause delays for Parksville city projects

The previous council gave three readings to the city’s five-year financial plan bylaw in May, but several amendments needed council direction and approval.

The plan sets out financial requirements needed for city departments to carry out operations and projects for the next half decade.

The bylaw was approved unanimously.

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