The Community Charter requires that Council adopt a Five-Year Financial Plan (or budget) each year prior to adopting the annual property tax bylaw. The purpose of the Five-Year Financial Plan is to provide a budgetary framework for Maple Ridge to plan and manage its resources, revenues and expenditures in order to best serve the community. The first year of the plan is the current year, while following years provide a guideline, incorporating the various long-term plans and strategies.
The Five-Year Financial Plan has received the Distinguished Budget Presentation Award from the Government Finance Officers Association for 15 years. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. This represents a significant accomplishment by the Maple Ridge staff.