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MeetingsTue, May 12, 202619m2022–2026 Council

Special Council

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Summary

  • Adopted the City’s 2026–2030 financial plan, setting budgets and capital projects for 2026–2030 (Bylaw 2281).
  • Adopted the 2026 property tax rates, fixing municipal tax rates by class for 2026 (Bylaw 2282).
  • Approved the 2025 audited consolidated financial statements, finalizing last year's official city financial results (2025 Audited Statements).

Decisions

What council voted on, in agenda order.

2 decisions
  • Approved the 2025 audited consolidated financial statements.

    6 · Reports - 6.1 2025 Consolidated Financial Statements

    Vote 5–0Moved by Harder, seconded by Guiry
  • Adopted the 2026-2030 financial plan and 2026 tax rates bylaws.

    7 · Bylaws - 7.1 Bylaw NOS. 2281 & 2282 "City of Langford 2026-2030 Financial Plan Bylaw No. 2281, 2026" (Adoption) AND "City of Langford Tax Rates Bylaw No. 2282, 2026." (Adoption)

    Vote 5–0Moved by Harder, seconded by Guiry

Agenda

9 items · select one for details, debate and documents

Summary

Mayor called the meeting to order.

Procedural

Summary

Council read the City of Langford's territorial acknowledgement.

ProceduralAcknowledgement

Summary

The meeting conduct rules and public participation process were read by staff.

ProceduralRules

Summary

Council approved the agenda as amended to include Public Participation.

Debate

Councillor K. Guiry moved to approve the agenda as amended to include Public Participation; motion was seconded and carried.

Motions (1)

PassedMoved by K. Guiry

THAT Council approve the agenda as amended to include Public Participation and renumber the remaining agenda items accordingly.

ProceduralAgenda

Summary

One member of the public spoke regarding concerns about the financial plan.

Location

2375 Selwood Road

Debate

M. Wignall (Langford resident) expressed concern about the financial plan and offered condolences regarding the recent passing of Councillor Lillian Szpak.

Public Input

Summary

Council approved the City's 2025 audited consolidated financial statements.

Debate

Staff noted the statements must be approved before submission to the province; councillors thanked staff for the work and noted the clean audit; councillors expressed support for the robust budget process.

Motions (1)

PassedMoved by C. Harder

THAT Council approve the 2025 Audited Consolidated Financial Statements as presented.

Documents (2)

Staff report from Finance presenting the draft 2025 Consolidated Financial Statements (audited by KPMG) and requesting Council approval so the auditor's report can be finalized.

Report date: Tuesday, May 12, 2026Department: Finance; Submitted by: Paula O'Keefe, Manager of Financial Management and ReportingRecommendation options: 1) THAT Council approve the 2025 Audited Consolidated Financial Statements as presented; OR 2) THAT Council not approve the 2025 Audited Consolidated Financial Statements as presentedAttachment referenced: DRAFT 2025 Consolidated Financial StatementsCity address on report: 2nd Floor, 877 Goldstream Avenue, Langford, BC V9B 2X8
Introduction

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Staff Report to Special Council

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Draft audited consolidated financial statements for the City of Langford for the fiscal year ended December 31, 2025, prepared in accordance with Canadian public sector accounting standards and audited by KPMG LLP.

Auditor: KPMG LLP; Auditor's report date: May 12, 2026Accumulated surplus (end of year): $824,598,596 (2025) vs $749,648,411 (2024)Annual surplus for 2025: $74,950,185 (2024: $36,759,449)Cash and cash equivalents: $40,533,569 (2025) vs $72,046,766 (2024)Debt: $68,488,886 (2025) vs $38,673,494 (2024); principal repayments schedule includedTangible capital assets (net): $844,269,720 (2025) vs $708,184,317 (2024)Sewer franchise agreement asset: $55,047,457 and related agency fee recorded $6,281,883 in 2025Developer and property owner contributions: $73,604,983 in 2025 (includes contributed land $37,870,192)Deferred revenue total: $24,166,734 (including development cost charges $13,965,659)Cash flow: decrease in cash and cash equivalents $31,513,197 in 2025; cash at year-end $40,533,569Notes include: accounting policies, pension plan contributions (Municipal Pension Plan employer contributions $1,918,138 in 2025), commitments (e.g., RCMP contract — City responsible for 90% policing costs; 2026 estimated RCMP cost $16,668,850), contingencies and Growing Communities Fund usageStatement that Council approval of the statements is required before the auditor’s report can be issued
CITY OF LANGFORD

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Officials

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Management's Responsibility for the Consolidated Financial Statements

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Independent Auditor’s Report

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Consolidated Statement of Financial Position

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Consolidated Statement of Operations

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Consolidated Statement of Changes in Net Financial Assets (Debt)

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Consolidated Statement of Cash Flows

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Notes to Consolidated Financial Statements - Part 1 of 6

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Notes to Consolidated Financial Statements - Part 2 of 6

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Notes to Consolidated Financial Statements - Part 3 of 6

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Notes to Consolidated Financial Statements - Part 4 of 6

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Notes to Consolidated Financial Statements - Part 5 of 6

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Notes to Consolidated Financial Statements - Part 6 of 6

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Staff Report to Special Council

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FinanceAuditKPMG

Summary

Council adopted the 2026–2030 Financial Plan Bylaw (No. 2281) and the 2026 Tax Rates Bylaw (No. 2282).

Debate

Councillors debated the content and impacts of the budget: speakers highlighted capital investments (sidewalks, arts & culture centre, child care), youth funding and community services, noted the trade-offs of tax increases, and emphasized the robust public process; council then adopted both bylaws.

Motions (1)

PassedMoved by C. Harder

THAT Council adopt "City of Langford 2026-2030 Financial Plan Bylaw No. 2281, 2026"; AND "City of Langford Tax Rates Bylaw No. 2282, 2026".

Documents (2)

Bylaw to adopt the City of Langford Consolidated Five Year Financial Plan for 2026–2030, including Schedule A (consolidated financial plan figures) and Schedule B (Revenue and Property Tax Policy Disclosure and property tax distribution).

Bylaw title: City of Langford 2026-2030 Financial Plan Bylaw No. 2281, 2026Readings: Read a first, second and third time on April 20, 2026 (adoption line included)Schedule A: Consolidated Financial Plan 2026–2030 (revenue and expenditure projections and internal transfers for 2026–2030)Schedule B: Revenue disclosure (proportions) and Property Tax Disclosure including Property Tax Distribution based on the 2026 Revised Assessment RollObjectives & policies: notes on property tax reliance, fees & charges review cycle, proceeds from borrowing policyIncludes Growing Communities Fund and other funding breakdowns in schedules
CITY OF LANGFORD

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Schedule “A”

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Schedule “B”

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Bylaw to impose and levy the 2026 tax rates on assessed value of land and improvements for municipal, Capital Regional District and Regional Hospital District purposes; includes Schedule A with tax rates per $1,000 of taxable value by property class.

Bylaw title: City of Langford Tax Rates Bylaw No. 2282, 2026Readings: Read a first, second and third time on April 20, 2026 (adoption line included)Minimum tax per parcel: One Dollar ($1.00)Schedule A (2026 tax rates per $1,000 taxable value): Residential (Class 1) Municipal rate 2.96074; CRD 0.56992; Regional Hospital 0.12278Other class rates: Utilities 22.24554 (municipal), Major Industry 9.44921, Light Industry 8.10918, Business/Other 7.60970, Managed Forest 3.61744Bylaw must be adopted after financial plan and before May 15 as per Community Charter s.197
CITY OF LANGFORD

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Page 44–45
Schedule ‘A’ to Bylaw 2282

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FinanceBylawTax

Summary

Council moved to close the meeting to the public to consider land acquisition/disposition matters.

Motions (1)

PassedMoved by M. Morley

THAT Council close the meeting at 7:18 pm to the public pursuant to section 90 (1) (e) of the Community Charter to consider:  the acquisition, disposition or expropriation of land or improvements, if the council considers that disclosure could reasonably be expected to harm the interests of the municipality.

In CameraLegalLand

Summary

Council adjourned the meeting.

Motions (1)

PassedMoved by C. Harder

THAT Council adjourn the meeting.

ProceduralAdjournment