Finance Department
The City of Armstrong Finance Department is responsible for maintaining the municipality’s overall financial sustainability. The Department consists of a Chief Financial Officer and a Financial Clerk with assistance from support staff.
This department maintains and coordinates each City department to establish a 5-year Financial Plan to ensure spending compliance with the Financial Plan and Budget. The Finance Department also coordinates end-of-year forecasts, annual updates to Fees and Charges bylaws, and annual Budget presentations to the Council.
Annual Reporting
The Annual Report includes financial and statistical information regarding the 2023 fiscal year as well as 2023 City operating highlights and objectives for 2024. The 2023 Annual Report will be presented to Council at the June 24, 2024, Council meeting.
This Meeting is open to the public. Written submissions regarding the 2023 Annual Report can be dropped off at City Hall or emailed to info@cityofarmstrong.bc.ca prior to the June 24th, Regular Council Meeting. This report is also available at City Hall for inspection.
Asset Management
The City of Armstrong underwent completed an asset management plan in 2020 which analyzes the condition of the City’s assets and determines whether or not the City has sufficient reserve levels to be able to replace them in the future. The plan is utilized during the budget process.
A presentation was made to Council at the September 21, 2020 Committee of the Whole meeting, and this final report was presented to Council at the November 9, 2020 Regular Meeting.
Grant-in-Aid
Each year, the City may award grants to organizations for the purpose of providing funding for a program, project, or capital expenditure. This is completed through the provision of grants or grants-in-aid for organizations that contribute to the positive quality of life in the Armstrong.
Grants or tax exemptions are available for non-profit organizations that provide facilities for public use.
Rates, Fees, and Charges Bylaw 1916, 2023
The Rates, Fees, and Charges Bylaw No. 1916, 2023 has been adopted and is scheduled to take effect January 1, 2024.
