TC - Islands Trust Council Financial Plan Bylaw No. 204
Islands Trust Area · Adopted Bylaws · Other 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 (May 15, 2026) is a listing date, not necessarily the adoption or effective date.
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ISLANDS TRUST COUNCIL BYLAW NO. 204
*********************************************************************************************************** A Bylaw Respecting the Financial Plan of the Islands Trust for Fiscal Years 2026-2027 through 2030-2031 ***********************************************************************************************************
Islands Trust Council, having jurisdiction in respect of the Trust Area in the Province of British Columbia pursuant to the Islands Trust Act, enacts as follows:
Citation 1. This bylaw may be cited for all purposes as “Islands Trust Council Financial Plan Bylaw 2026-2027”
Financial Plan 2. Schedule “A” attached hereto, and made part of this Bylaw, is hereby adopted and is the Financial Plan of Islands Trust Council for the fiscal year commencing April 1, 2026 and ending March 31, 2027, and for the subsequent four fiscal years.
READ A FIRST TIME THIS 12th DAY OF March , 2026
READ A SECOND TIME THIS 12th DAY OF March , 2026
READ A THIRD TIME THIS 12th DAY OF March , 2026
APPROVED BY THE MINISTER OF HOUSING AND MUNICIPAL AFFAIRS THIS 22nd DAY OF April , 2026
ADOPTED THIS 15th DAY OF May , 2026
_________________________________ _________________________________ SECRETARY CHAIR
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ISLANDS TRUST Bylaw 204 Schedule A
Revenue 2026/27 2027/28 2028/29 2029/30 2030/31 Provincial Funding 285,359 218,002 218,002 218,002 218,002 Federal Funding - - - - - General Property Taxes * 10,616,800 11,248,123 11,575,470 11,915,594 12,398,475 Special Tax Levy - Local Trust Committees - - - - - Fees 198,100 202,062 206,103 210,224 214,429 Interest and Other 193,000 207,108 209,179 211,271 213,384 Transfer (to) from General Revenue Surplus Fund 327,400 90,000 - - - Transfer (to) from LTC Specific Fund 150,000 - - - - Transfer (to) from Special Tax Requisition Fund - - - - - Net interfund transfers** - - - - -
Total Revenue 11,770,659 11,965,295 12,208,755 12,555,091 13,044,290
Expenditures Trust Council 2,359,332 2,234,969 2,279,705 2,325,335 2,679,091 Local Planning 7,760,914 8,184,305 8,348,120 8,515,219 8,626,750 Islands Trust Conservancy 1,848,412 1,744,022 1,778,930 1,814,537 1,838,449 Contribution to General Revenue Surplus Fund - - - - - Less non-cash items - amortization (198,000) (198,000) (198,000) (100,000) (100,000) Total Expenditures 11,770,659 11,965,295 12,208,755 12,555,091 13,044,290
* Estimated Property Taxes by Source: Trust Area Property Tax Levy 10,088,110 10,714,212 10,991,657 11,319,268 11,790,402 Bowen Island Municipality Property Tax Levy 528,690 533,911 583,812 596,326 608,073 Total 10,616,800 11,248,123 11,575,470 11,915,594 12,398,475
** Net interfund transfers: Transfer from GRSF to LTC Specific Fund - - - - - (Contribution to) LTC Specific Fund from GRSF - - - - - Net interfund transfers - - - - -