Thetis LTC Regular Meeting Agenda Addendum
· Thetis Island · Meeting Documents · 2026
Machine-read by OCR. This record is a scanned image with no text layer of its own. The 8,673 characters below were produced by optical character recognition, contain errors, and are published so the document can be searched and read by a screen reader. The original document governs. Never quote this text without checking it against the scan.
Topics: First Nations & reconciliation · Governance & budget — our classification, not the Trust's.
Extracted text (beginning)
[[page 1]] = islands Trust Thetis Island Local Trust Committee Regular Meeting Addendum Date: August 25, 2026 Time: 9:30 am Location: Electronic Meeting, and a physical location to view the livestream of the meeting: Islands Trust Gabriola Office 700 North Road Gabriola, BC VOR 1X3 Pages 13. STAFF REPORTS 10:25 AM - 10:50 AM 13.7 Proposed Draft 2027/28 Local Trust Committee Operating Budgets - Request for 2-6 Decision [[page 2]] ass REQUEST FOR DECISION Islands Trust To: Thetis Island Local Trust For the Meeting of: August 25, 2026 Committee From: Finance and Employee Date Prepared: August 24, 2026 Services SUBJECT: Proposed Draft 2027/28 LTC Operating Budgets RECOMMENDATION: That the Thetis Island Local Trust Committee submit the proposed draft 2027/28 local trust committee operating budget for inclusion in the Trust Council draft 2027/28 budget. DIRECTOR, FINANCIAL AND EMPLOYEE SERVICES COMMENTS: Seeking early input from local trust committees (LTCs) on their proposed draft operating budgets for the upcoming fiscal year ensures planned operating activities of the LTC are appropriately captured and funded. This approach brings the LTC budget processes into alignment with other Trust-legislated bodies, as well as Trust Council’s policy on budget process. PURPOSE: To seek input and endorsement from the LTCs on their proposed draft operating budgets. LTCs are asked to consider both their project budget needs, as well as their operating expense budget needs, in accordance with Trust Council's policy, in this and future budget cycles. This approach provides an opportunity for LTCs to be directly involved in setting budgets for all their areas of oversight and ensures appropriate consideration of actual future plans for the LTC. BACKGROUND: Trust Council's Budget Process policy states the following: “Local trust committees (LTCs) are asked to provide their project needs and review their local trust committee expense budgets, passing any resolutions required to adopt/modify their budget proposals.” In recent history, LTCs have appropriately submitted budget requests for projects, but have omitted submissions for operating expense budgets. In the absence of these submissions, Islands Trust Financial and Employee Services staff have drafted LTC operating budgets for inclusion in Trust Council's draft budgets. Figures have been based on historical spending trends for each LTC, plus anticipated changes in LTC operations or activity levels as communicated to Financial and Employee Services staff via the Planning Services department. Islands Trust Request For Decision Page 1 [[page 3]] Planning Services staff prepare draft funding request business cases for major LTC projects; these are reviewed under separate agenda item(s). Financial and Employee Services staff have prepared proposed draft LTC operating expense budgets, which have been refined by Planning Services staff as needed to reflect actual known plans of the LTC. The proposed
First 3,000 characters. Open the original for the whole document.