Approved Annual Budget for fiscal year ending March 31, 2025
· Islands Trust Area · Reports & Publications · 2024
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Topics: Bylaw enforcement · Governance & budget — our classification, not the Trust's.
Extracted text (beginning)
APPROVED Annual Budget For The Fiscal Year Ending March 31, 2025 APPROVED Annual Budget REVENUE Fees and Sales275,500$ Provincial Grant - Unrestricted180,000 Federal and Provincial Grants - Restricted653,919 General Property Tax Levy - All LTAs8,555,040 Special Property Tax Requisition - SSI LTA- Municipal Property Tax Levy - Bowen Island391,260 Investment and Other Income260,000 Total External Revenue10,315,719 EXPENSES Council Services Trust Council428,509$ Executive Committee138,624 Trust Area Services709,730 General Administration Allocation - 15%466,835 1,743,698 Local Planning Services Local Trust Committees & Programs1,331,330$ Planning Staff & Facilities3,925,108 Bylaw Enforcement529,797 General Administration Allocation - 71%2,115,508 7,901,744 Islands Trust Conservancy Board and Property Management Costs252,140$ Conservancy Staff and Associated Costs888,578 General Administration Allocation - 14%417,058 1,557,777 General Administration Senior Management614,513$ Financial, Human Resource, and Information Services756,860 Information Services835,117 Office Operations222,210 Computer Hardware, Furniture & Equipment346,700 Amortization Expense224,000 General Administration Departmental Cost Recovery(2,999,401) 0 TOTAL OPERATING, PROJECTS + CAPITAL EXPENSES11,203,219 ANNUAL SURPLUS (DEFICIT)(887,500) Adjust for non-cash item: amortization224,000 ADJUSTED ANNUAL SURPLUS (DEFICIT)(663,500) Funded by: Transfer from General Revenue Surplus Fund371,500 Transfer from Local Trust Committee Project Reserve Fund219,000 Transfer from Special Tax Requisition Fund73,000 NET SURPLUS (DEFICIT) AFTER TRANSFERS(0)
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