Financial Plans & Reports

Financial Planning

Colwood's Official Community Plan sets out the community's vision, goals, and objectives. At the beginning of each term, Council creates a Strategic Plan that identifies areas that require attention. All this gets built into Service Plans for each program area and the Service Plans are reviewed annually by Council in order to draft a 5-year Financial Plan. Quarterly budget updates keep Council informed of progress.

The City prepares Financial Statements on an annual basis, in accordance with the Public Sector Accounting Board. These Financial Statements are audited annually, as required under legislation and posted here for the public. Click the links below to access the Financial Statements for the City of Colwood.

2025 Financial Plan & Reports

2024 Financial Plan & Reports

Previous Years Financial Statements

City of Colwood Financial Plan 2023-2027

For early years, please contact the City's Finance Department, either by emailing Finance@Colwood.ca or by phoning 250-478-5999.