Islands Trust Budget Draft 2020/21
· Islands Trust Area · Reports & Publications · 2020
Original Trust document
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6,885 characters of machine-extracted text. Extraction is automatic and can be wrong; the original governs.
Topics: Governance & budget — our classification, not the Trust's.
Extracted text (beginning)
ISLANDS TRUST BUDGET DRAFT: 2020/21 Legend; LTA = Local Trust Areas. This is the entire Trust area excluding Bowen Island. NMC = Non-Market Change. This relates to new properties, new contruction,properties with a change in use. 2018/19 AUDITED ACTUALS 2019/20 APPROVED BUDGET 2020/21 DRAFT BUDGET Budget Change $ Budget Change % REVENUE 40300 Fees & Sales166,154 160,000 150,000(10,000) -6.3% 45000 Provincial Grant180,000 180,000 180,000- 0.0% 46000 Property Tax Levy - LTA6,501,701 6,696,752 6,696,752- 0.0% 1.5% Property Tax Levy - LTA General Increase100,451100,451 1.5% 1.0% Property Tax Levy - LTA NMC Increase66,96866,968 100.0% Property Tax Levy - Bowen293,933 329,634 329,634 - 0.0% 2.7% Property Tax Levy - Bowen General Increase8,963 8,963 2.7% 1.1% Property Tax Levy - Bowen NMC Increase3,5603,560 100.0% 46200 Special LTC Tax Requisition - SSIWPA98,500 98,500 98,500- 0.0% 48000 Interest Income104,385 80,000 80,000- 0.0% 49000 Other income8,692 152,000 0(152,000) -100.0% 49001Grant income8,329 12,000 12,000- 0.0% Total Revenue7,361,6947,708,8867,726,82817,942 0.2% EXPENSES 50900Amortization79,978 75,000 120,000 45,000 60.0% 50950Applications sponsored by Exec Committee10,050 5,000 5,000 - 0.0% 50960History and Heritage Funding Grants-in-Aid1,500 5,000 5,000 - 0.0% 51000Audit23,725 20,000 20,000 - 0.0% 51500Bank Charges & Interest3,176 4,000 4,000 - 0.0% 52500Board of Variance747 500 1,100 600 120.0% 53500Carbon Offset Purchases300 500 500 - 0.0% 54500Communications40,666 40,000 39,000 (1,000) -2.5% 54580FN Protocol Funds & Cultural Working Group- 5,000 2,500 (2,500) -50.0% IT Systems and Support181,572 213,330 201,900 (11,430) -5.4% 56000Contingency48 14,000 12,000 (2,000) -14.3% 56500Contract Services 96,265 79,000 58,500 (20,500) -25.9% Elections and By-elections140,865 7,000 5,000 (2,000) -28.6% 60000Insurance106,588
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