City’s financial outlook outlined in newly published documents.
Coquitlam has released its 2024 Annual Report and 2025–2029 Financial Plan Public Book. These documents highlight past performance, current realities, and future priorities to offer a comprehensive view of the city’s financial outlook.
The reports, published annually in the first half of the year, embody Coquitlam’s balanced, forward-thinking approach to financial planning. They underscore the city’s dedication to transparency and accountability in managing public funds and strategizing decisions.
The Local Government Act mandates municipalities in British Columbia to have a balanced budget and a five-year financial plan yearly. Coquitlam’s budget includes an operating component funded mainly by property taxes and a capital component funded by reserves, development revenues, and grants.
The city’s investments are on the rise, debts are low, and reserves are set aside to maintain financial stability. Currently, most reserve funds are committed to major upcoming projects such as the Northeast Community Centre and Burke Mountain Athletic Park.
Residents can access the 2024 Annual Report and provide feedback before its formal adoption on June 23, 2025. The 2025–2029 plan is also available, with detailed budgets and projects accessible through clickable maps, charts, and graphs in OpenBook.
Coquitlam’s financial reporting has earned national recognition, receiving awards from the Government Finance Officers Association for over 20 years. These accolades are a testament to the high standards of clarity and accuracy in the city’s financial documents.