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Budgets and Financial Planning

This page was last reviewed on November 21, 2025.

2026-2030 Financial Plan Development

The Financial Plan Bylaw will be considered for first reading at the Council meeting on November 24, 2025. View the agenda on the Meeting Agendas and Minutes page.

November 17 at 7pm Village Hall at the Cultural Centre

Join Cumberland Council members for the Village Hall Financial Plan and Open House meeting on November 17, 2025 at 7 p.m. at the Cultural Centre, second floor (2674 Dunsmuir Avenue) to discuss what matters to you. Council is working hard on a budget that balances services levels with keeping taxes as low as possible.

2026-2030 Village Hall Financial Plan meeting package.

Village Hall presentation.

October 14 and 20, 2025 Committee of the Whole Budget Workshop

Committee of the Whole meeting agenda package. View the meeting minutes.

Staff presentations on the draft Financial Plan to the Committee of the Whole.

View the October 14 and 20, 2025 presentations:

Annual Budget and Financial Plan Process

Each year,

  1. A preliminary budget for the following year and a five year financial plan is prepared by staff for a Council workshop at a Committee of the Whole public meeting.
  2. Public consultation on the proposed five year financial plan usually takes place in the fall.
  3. The five year financial plan bylaw is considered and approved by Council.
  4. A property tax bylaw is considered and adopted by Council by May 15.
  5. The Village’s financial statements are audited and reported to Council in a public meeting in the spring.

In accordance with the Community Charter, Cumberland Council must adopt a five year financial plan and tax rate bylaws by May 15th each year. The financial plan bylaw must set out proposed expenditures, funding sources, and transfers between funds, as well as policies and objectives relating to proportion of revenue to come from each funding source, distribution of property value taxes between classes, and permissive tax exemptions.

Council usually considers a preliminary financial plan at a Committee of the Whole meeting in the late fall each year, then presents the plan for public feedback at a following Village Hall and public open house.

Finance staff are responsible for receipt of all payments, keeping of all funds and securities, expending and disbursing money as authorized, keeping accurate records and full accounts of the financial affairs of the Village, and compiling and supplying financial information to internal and external sources.

Find out more about Village Financial Reporting.

2025-2029 Financial Plan Development

View the 2025-2029 Village Hall Financial Plan meeting package from November 18, 2024.

View the Financial Plan Village Hall presentation.
View the Financial Plan Village Hall minutes.

View the staff presentations related to the proposed 2025-2029 financial planning process, presented to Council at the October 7 and October 15 Committee of the Whole meetings.

View the adopted 2025-2029 Financial Plan Bylaw 2024.

2025 Budget Guided by Community Needs.

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