Approved Annual Budget for Fiscal Year Ending March 31, 2027
Islands Trust Area · Adopted Bylaws
This is a readable archive copy. For the authoritative wording, including maps and amendments, check the PDF we hold and the Islands Trust listing. The index date (March 12, 2026) is a listing date, not necessarily the adoption or effective date.
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APPROVED ANNUAL BUDGET 2026/27
REVENUE
Fees and Sales $ 198,100 Provincial Grant - Unrestricted 180,000 Federal and Provincial Grants - Restricted 105,359 General Property Tax Levy - All LTAs 10,088,110 Special Property Tax Requisition - SSI LTA - Municipal Property Tax Levy - Bowen Island 528,690 Investment and Other Income 193,000 Other Income and Grants -
Total External Revenue 11,293,259
EXPENSES
Trust Council Services Trust Council $ 713,879 Executive Committee 120,913 Trust Area Services 888,460 General Administration Allocation - 20% 636,082 2,359,332
Local Planning Services Local Trust Committees & Programs $ 1,191,957 Planning Staff & Facilities 3,970,144 Bylaw Enforcement 506,453 General Administration Allocation - 65% 2,092,360 7,760,914
Islands Trust Conservancy Services Board and Property Management Costs $ 196,402 Conservancy Staff and Associated Costs 1,153,674 General Administration Allocation - 15% 498,336 1,848,412
General Administration Executive Office $ 452,265 Financial and Employee Services 888,007 Legislative and Information Services 1,230,467 Office Operations 249,340 Computer Hardware, Furniture & Equipment 208,700 Amortization Expense 198,000 General Administration Departmental Cost Recovery (3,226,778) 0
TOTAL OPERATING & PROJECTS EXPENSES 11,968,659
TOTAL OPERATING, PROJECTS + CAPITAL EXPENSES 11,968,659
Adjust for Non-Cash Amortization Expense (198,000)
TOTAL ADJUSTED PLANNED SPENDING 11,770,659
ANNUAL SURPLUS (DEFICIT) (477,400)
Funded by: Transfer from General Revenue Surplus Fund 327,400 Transfer from Local Trust Committee Project Reserve Fund 150,000 Transfer from Special Tax Requisition Fund -
NET SURPLUS (DEFICIT) AFTER TRANSFERS 0