CVRD ADOPTS 2013 BUDGET
The Comox Valley Regional District (CVRD) board of directors has adopted the 2013 budget that includes a total consolidated budget of $73.8 million (a net operating budget for the year of $54.7 million).
The consolidated budget includes three funds: general, water and sewer. The 2013 budget reflects major projects underway in various services in all of the funds. The table below highlights some of the activities:
| General Fund |
Project Details | Budget Amount |
| Facility improvements to extend the use of the landfill as well as partial closure activities of the Campbell River waste management centre. | $2.9 million | |
| Design and initial construction of landfill improvements at the Comox Valley waste management centre |
$4.8 million |
|
|
Fire services:
|
$414,000 |
|
| Royston greenway extension (assisted by community recreation grant) |
$360,000 |
|
| Island Corridor Foundation — CVRD's contribution to upgrading E & N rail line |
$392,000 |
|
| Water Fund | ||
| Comox reservoir upgrade | $502,000 | |
| Sewer Fund | ||
| South sewer project: electoral area Community Works Funds for treatment plant and collection system to address failing septic systems in the coreseptic systems in the core areas of Union Bay and Royston, and wastewater treatment issues in Cumberland.
Business case development, environmental assessment and project planning for the south sewer project. |
$2.0 million | |
| Upgrade to the Courtenay pump station |
$2.5 million |
These are in addition to the regular services provided by the CVRD that include land use planning, fire protection, building inspection, drinking water treatment and supply, operation of the landfills in the Comox Valley and Campbell River and recreation facilities. The 2013 strategic priorities will be found at www.comoxvalleyrd.ca/budgetbinder/strategic.pdf in mid-April.
The 2013 financial plan expenditures can be summarized:
|
General operations budget |
$ 42.7 million |
|
Member municipal debt transfers |
3.2 million |
|
Annual debt charges |
5.7 million |
|
Reserve contributions |
3.1 million |
|
Net operating budget |
54.7 million |
|
Capital budget |
19.1 million |
| Total CVRD consolidated 2013 budget | $ 73.8 million |
The 2013 financial plan expenditures are summarized:
The 2013 financial plan revenue sources are summarized:
The following table shows the approximate levy based on the average residential assessed values in each area:
|
Participant |
2012 Levy |
2013 Levy |
| Area ‘A' Baynes Sound |
582 |
589 |
| Area ‘A' Denman-Hornby Islands |
262 |
296 |
| Area ‘B' Lazo North |
628 |
662 |
| Area ‘C' Puntledge - Black Creek |
479 |
504 |
| Comox (excluding sewer) | 261 | 269 |
| Courtenay (excluding sewer) | 215 | 225 |
| Cumberland | 190 |
198 |
For more information on taxation (requisition) by jurisdiction or a particular service budget go to www.comoxvalleyrd.ca, and click on “finance” and then “budgets”.