Policy 7.2.6 Municipal Tax Requsition Calculation

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Policy – 7.2.6 Municipal Tax Requisition Calculation Page 1 
 
Policy: 7.2.6 
Approved By: Trust Council 
Approval Date: March 10, 2004 
Amendment Date(s):  December 6, 2012; December 4, 2013; 
December 5, 2017; September 19, 2018 
Policy Holder: Director of Administrative Services 
 
MUNICIPAL TAX REQUISITION CALCULATION 
Purpose 
To provide guidelines for allocating the Islands Trust annual budget for the purpose of calculating a municipal 
tax requisition. 
A. Definitions 
n/a 
B.  Background 
1. Legislative Framework 
 
1.1 The Islands Trust budget must be developed in accordance with Section 14 of the 
Islands Trust Act: 
“14(1)  On or before March 31 in each year, the trust council must, by bylaw, adopt an 
annual budget for the trust for the next fiscal year. 
(2) Subject to subsection (6), a bylaw under subsection (1) has no effect until it is 
approved by the minister. 
(3) The budget must  
(a) show separately revenues obtained from appropriations, including 
operating grants and anticipated recoveries from taxes levied under 
sections 48 and 49, and other sources, 
(b) show appropriated surpluses of prior years, and  
(c) set out separately the anticipated expenditure relating to 
(i) operations of the trust council and of the executive committee, 
except the operations of the executive committee acting as a 
local trust committee under section 23 (5), 
(ii) general operations of the local trust committees, including the 
operations of the executive committee acting as a local trust 
committee under section 23 (5) and excluding the operations 
referred to in subparagraph (iii), 
(iii) operations of a local trust committee that are additional 
operations not included within the general operations of all 
the local trust committees under subparagraph (ii), and 

Policy – 7.2.6 Municipal Tax Requisition Calculation Page 2 
(iv) administrative operations of the Islands Trust Conservancy 
board.” 
 
1.2 Calculation of the municipal tax requisition must be undertaken in accordance with 
Sections 47(2)(b) and 47(6) of the Islands Trust Act: 
“47(2) On or before April 25 in each year, the minister may deliver requisitions 
(b) to each municipality in the trust area in relation to 
(i) the cost of operations of the trust council and the executive 
committee, except the operations of the executive committee 
acting as a local trust committee under section 23 (5), and 
(ii)  the cost of administrative operations of the Islands Trust 
Conservancy board. 
47(6)  The amount that is to be recovered by means of requisitions under 
subsections (2)(a) (i) and (2)(b) must be apportioned between the 
municipalities and the local trust areas on the basis of the converted 
value of land and improvements in the trust area.” 
 
Not mentioned in the Islands Trust Act are the budgets for Administration. 
Administrative units in Islands Trust serve other units within Islands Trust. For 
example, Mapping Services support Local Planning Services (included in Local

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