|
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
REVENUE |
|
|
|
|
|
|
Property Taxes |
843,000 |
850,000 |
870,000 |
890,000 |
910,000 |
|
Water Parcel Tax-Lions Bay |
193,000 |
193,000 |
193,000 |
193,000 |
193,000 |
|
Water Parcel Tax-Brunswick Beach |
10,000 |
10,000 |
10,000 |
10,000 |
10,000 |
|
Sewer Parcel Tax |
11,400 |
11,400 |
11,400 |
11,400 |
11,400 |
|
Fees and Charges |
383,275 |
446,325 |
480,375 |
515,425 |
537,475 |
|
Licenses and Permits |
10,000 |
10,000 |
10,000 |
10,000 |
10,000 |
|
Other |
76,000 |
50,275 |
47,225 |
48,175 |
49,125 |
|
Government Grants |
1,406,000 |
254,000 |
306,000 |
311,000 |
301,000 |
|
Capital Debt |
600,000 |
600,000 |
200,000 |
200,000 |
200,000 |
|
Transfer from Reserves |
565,325 |
97,000 |
14,000 |
0 |
0 |
|
TOTAL |
$4,098,000 |
$2,522,000 |
$2,142,000 |
$2,189,000 |
$2,222,000 |
|
|
|
|
|
|
|
|
EXPENDITURES |
|
|
|
|
|
|
General Government |
333,000 |
341,000 |
350,000 |
358,000 |
367,000 |
|
Protective Services |
178,500 |
183,000 |
187,000 |
192,000 |
197,000 |
|
Public Works |
234,000 |
240,000 |
246,000 |
252,000 |
258,000 |
|
Environmental Health |
110,000 |
112,000 |
115,000 |
118,000 |
121,000 |
|
Recreation and Culture |
143,500 |
147,000 |
150,000 |
153,000 |
157,000 |
|
Water |
195,000 |
200,000 |
205,000 |
210,000 |
215,000 |
|
Sewer |
33,000 |
36,000 |
36,900 |
37,900 |
40,000 |
|
Debenture Payment |
10,000 |
51,000 |
114,000 |
136,000 |
145,000 |
|
Capital Expenses |
2,861,000 |
1,115,000 |
615,000 |
620,000 |
620,000 |
|
Transfer to Reserves |
0 |
97,000 |
123,100 |
112,100 |
102,000 |
|
TOTAL |
$4,098,000 |
$2,522,000 |
$2,142,000 |
$2,189,000 |
$2,222,000 |
Five Year Consolidated Financial Plan 2007 - 2011
Council adopted the consolidated financial plan 2007-2011 on March 19, 2007.
The general fund incorporates normal inflationary increases, additional wage costs for parks and beach maintenance, increased solid waste collection costs and capital road rehabilitation. These costs are funded from increased provincial grants of $46,000 and property taxation of $35,000. The provisional approval for a new fire truck has also been included with revenue to come from grants, external financing, fundraising or a combination of such.
The water fund incorporates increased operating costs for ongoing maintenance and water quality testing, and a comprehensive capital program including the new treatment plan and main replacement on Mountain Drive.
Property Taxation
Local property taxes will increase by 4.75% in 2007. TransLink taxation is reducing by 5% and although still in effect for 2007, the parking tax will disappear in 2008. A new provincial RCMP tax appears this year for the first time equivalent to about $50 per capita. Up until this year municipalities with populations less than 5,000 were funded by the Province. These small jurisdictions will now contribute up to 50%, reduced by a share of traffic fine revenue. Council has undertaken to obtain improvements in police response and enforcement from members of the Squamish Detachment which provides RCMP service to Lions Bay.
Annual Corporate Report
The Village's 2006 financial statements have recently been completed and audited and will be presented to Council on May 14th for approval. A comprehensive annual financial report including statutory information will be available to the public in June and a Council meeting established to receive citizen input.
For further information contact: Robin Hicks, Finance Manager at tel: 604-921-9333 or
email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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