The Comox Valley Regional District (CVRD) board of directors has adopted the 2015 budget that includes a total consolidated budget of $79 million (a net operating budget for the year of $54.3 million).
The consolidated budget includes three funds: general, water and sewer. The 2015 budget reflects major projects underway in various services in all of the funds. The table below highlights some of the activities:
|
PROJECT DETAILS |
BUDGET AMOUNT |
|
|
General Fund |
||
|
Phase one of the existing landfill closure activities at the Comox Valley waste management centre |
$8.1 million |
|
|
New engineered landfill activities at the Comox Valley waste management centre |
$956,000 |
|
|
Fire tanker truck replacements in three electoral area fire protection services |
$440,000 |
|
|
Comox Valley curling centre improvements |
$1.9 million |
|
|
South sewer project: electoral area Community Works Funds for treatment plant and collection system to address failing septic systems in the core areas of Union Bay and Royston, and wastewater treatment issues in Cumberland Ongoing community outreach, business case development, environmental assessment and project planning for the south sewer project |
$685,000 |
|
|
Water Fund |
||
|
Regional water supply treatment options analysis and engineering design |
$1.0 million |
|
|
Black Creek/Oyster Bay UV project and Kelland Road reservoir |
$1.1 million |
|
|
Sewer Fund |
||
|
Compost facility expansion |
$1.3 million |
|
|
Sewer infrastructure projects include dewatering upgrades at treatment plant, Comox #2 pump station and forcemain, Greenwood trunk and HMCS Quadra forcemain replacement |
$2.0 million |
|
These are in addition to the regular services provided by the CVRD that include land use planning, fire protection, electoral areas parks and greenways, building inspection, drinking water treatment and supply, operation of the landfills in the Comox Valley and Campbell River, and recreation facilities.
The 2015 strategic priorities can be found at: CVRD strategic priorities [PDF - 278 KB]
The 2015 financial plan expenditures can be summarized:
|
General operations budget |
$ 42.4 million |
|
Member municipal debt transfers |
2.9 million |
|
Annual debt charges |
5.7 million |
|
Reserve contributions |
3.3 million |
|
Net operating budget |
54.3 million |
|
Capital budget |
24.7 million |
|
Total CVRD consolidated 2014 budget |
$ 79.0 million |
The 2015 financial plan expenditures are summarized:
The 2015 financial plan revenue sources are summarized:
The following table shows the approximate levy based on a residential property assessed at $300,000 in each area. These do not include tax levies for services provided to a portion of an electoral area such as a fire protection service in a designated service area.
|
Participant |
2014 Levy |
2015 Levy |
|
Area ‘A’ Baynes Sound |
512 |
540 |
|
Area ‘A’ Denman/Hornby Islands |
218 |
229 |
|
Area ‘B’ Lazo North |
512 |
536 |
|
Area ‘C’ Puntledge - Black Creek |
483 |
502 |
|
Comox (excluding sewer) |
242 |
253 |
|
Courtenay (excluding sewer) |
242 |
253 |
|
Cumberland |
234 |
245 |
For more information on taxation (requisition) by jurisdiction or a particular service budget go to www.comoxvalleyrd.ca, and click on “finance” and then “adopted financial plan”.