Approved Annual Budget for Fiscal Year Ending March 31, 2027

Extracted text (beginning)

APPROVED
ANNUAL BUDGET 
2026/27
REVENUE
Fees and Sales198,100$                     
Provincial Grant - Unrestricted180,000
Federal and Provincial Grants - Restricted105,359
General Property Tax Levy - All LTAs10,088,110
Special Property Tax Requisition - SSI LTA-                               
Municipal Property Tax Levy - Bowen Island528,690
Investment and Other Income193,000
Other Income and Grants-                               
Total External Revenue11,293,259                 
EXPENSES
Trust Council Services
Trust Council713,879$                     
Executive Committee120,913
Trust Area Services888,460
General Administration Allocation - 20%636,082
2,359,332
Local Planning Services
Local Trust Committees & Programs1,191,957$                 
Planning Staff & Facilities3,970,144
Bylaw Enforcement506,453
General Administration Allocation - 65%2,092,360
7,760,914
Islands Trust Conservancy Services
Board and Property Management Costs196,402$                     
Conservancy Staff and Associated Costs1,153,674
General Administration Allocation - 15%498,336
1,848,412
General Administration
Executive Office452,265$                     
Financial and Employee Services888,007
Legislative and Information Services1,230,467
Office Operations249,340
Computer Hardware, Furniture & Equipment208,700
Amortization Expense198,000
General Administration Departmental Cost Recovery(3,226,778)
0
TOTAL OPERATING & PROJECTS EXPENSES11,968,659                 
TOTAL OPERATING, PROJECTS + CAPITAL EXPENSES11,968,659
Adjust for Non-Cash Amortization Expense(198,000)
TOTAL ADJUSTED PLANNED SPENDING11,770,659
ANNUAL SURPLUS (DEFICIT)(477,400)
Funded by:
Transfer from General Revenue Surplus Fund327,400
Transfer from Local Trust Committee Project  Reserve Fund150,000
Transfer from Special Tax Requisition Fund-                               
NET SURPLUS (DEFICIT) AFTER TRANSFERS0

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