Approved Annual Budget for Fiscal Year Ending March 31, 2026

Extracted text (beginning)

APPROVED Annual Budget For The Fiscal Year Ending March 31, 2026
APPROVED
Annual Budget
REVENUE
Fees and Sales198,100$                   
Provincial Grant - Unrestricted180,000
Federal and Provincial Grants - Restricted415,931
General Property Tax Levy - All LTAs9,262,200
Special Property Tax Requisition - SSI LTA-
Municipal Property Tax Levy - Bowen Island460,000
Investment and Other Income211,000
Total External Revenue10,727,231$              
EXPENSES
Council Services
Trust Council495,108$                   
Executive Committee138,400
Trust Area Services804,128
General Administration Allocation - 17%501,048
1,938,684
Local Planning Services
Local Trust Committees & Programs1,333,763$                
Planning Staff & Facilities3,886,280
Bylaw Enforcement549,281
General Administration Allocation - 68%2,010,737
7,780,061
Islands Trust Conservancy
Board and Property Management Costs271,010$                   
Conservancy Staff and Associated Costs982,945
General Administration Allocation - 15%437,031
1,690,986
General Administration
Senior Management587,316$                   
Financial, Human Resource, and Information Services791,809
Information Services859,221
Office Operations238,370
Capital Purchases261,100
Amortization Expense (not taxed)211,000
General Administration Departmental Cost Recovery(2,948,816)
-
TOTAL OPERATING, PROJECTS AND CAPITAL EXPENSES11,409,731$              
Adjust for non-cash item: amortization(211,000)
TOTAL CASH OPERATING, PROJECTS + CAPITAL SPENDING11,198,731$              
ADJUSTED ANNUAL SURPLUS (DEFICIT)(471,500)$                  
Funded by:
Transfer from General Revenue Surplus Fund201,000
Transfer from Local Trust Committee Project  Reserve Fund199,000
Transfer from Special Tax Requisition Fund71,500
NET SURPLUS (DEFICIT) AFTER TRANSFERS0$

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