Finance

All local governments in B.C. operate within a legislative framework that governs their administration and finances including financial planning, reporting, revenues (taxes and fees), liabilities, capital financing, development financing, and property acquisition and disposition.

Local government provides essential basic services such as clean water, sewage, garbage collection, street lighting, libraries, recreational facilities, parks, local roads, and planning for the future economic growth of the community.

Local government staff administers the services, regulation and land management that Council decides to undertake. They also maintain relationships with other governments and agencies.

Local governments have the ability raise funds to provide and maintain these services and amenities within the community through:

  • Property taxes
  • Grants from other levels of government
  • User fees and charges
  • Partnerships
6 Resource Finance 6 Resource Finance

Fees and Charges

Local governments may impose fees and charges for the provision of services, use of property, exercise of regulatory authority, or for obtaining copies of local government records. Fees and charges are established by bylaw.

Financial Services

Property Taxes

Property taxation is the main source of revenue for Valemount. It helps defray the costs of local government services.

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Utilities

Water services, sewer services and solid waste collection fees are collected separate from property taxes.

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Budget

The purpose of financial reporting is to ensure the transparency and accountability of the local government system.

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Financial Reports

A consolidated and independently verified overview of a local government's financial activities

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