Approved Annual Budget for Fiscal Year Ending March 31, 2022

Extracted text (beginning)

Proposed
Annual Budget
REVENUE
Fees and Sales120,000$                      
Provincial Grant - Unrestricted180,000
Federal and Provincial Grants - Restricted383,000
General Property Tax Levy - All LTAs7,079,771
Special Property Tax Requisition - SSI LTA75,500
Municipal Property Tax Levy - Bowen Island311,188
Investment Income60,000
Other Income and Grants8,000
Total Revenue8,217,459                     
EXPENSES
Council Services
Trust Council311,865
Executive Committee97,990
Trust Area Services600,352
General Administration Allocation - 14%299,889
1,310,097
Local Planning Services
Local Trust Committees & Programs1,139,150
Planning Staff & Facilities3,640,698
Bylaw Enforcement370,819
General Administration Allocation - 74%1,529,021
6,679,688
Islands Trust Conservancy
Board and Property Management Costs224,285
Conservancy Staff and Associated Costs626,490
General Administration Allocation - 12%252,560
1,103,335
General Administration
Senior Management453,646
Financial, Human Resource, and Information Services1,185,123
Office Operations191,500
Amortization Expense218,000
General Administration Departmental Cost Recovery(2,081,469)
(33,200)
TOTAL OPERATING EXPENSES9,059,919                     
Plus capital purchases33,200
TOTAL OPERATING + CAPITAL EXPENSES9,093,119
ANNUAL SURPLUS (DEFICIT)(875,660)
Adjust for non-cash item: amortization218,000
ADJUSTED ANNUAL SURPLUS (DEFICIT)(657,660)
Funded by:
Transfer from General Revenue Surplus Fund373,660
Transfer from Local Trust Committee Project Specific Reserve Fund204,000
Transfer from Special Tax Requisition Fund80,000
NET SURPLUS (DEFICIT) AFTER TRANSFERS(0)                                   
Approved Annual Budget For The Fiscal Year Ending March 31, 2022

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