Friday, June 26, 2015

Updates to 2014 Annual Report Vernon

http://www.vernon.ca/services/finance/documents/2014_Annual_Report.pdf

The inclusion of Business Revitalization Tax Exemption data for 2014 (page 56)
$ 35,053  (see Report for breakdown)
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The addition of disclosure relating to the DCC funds held by the RDNO
Relating to the Parks DCC funds Note 17 (b)  (page 122):
'In addition, the Regional District retains control of development cost charges collected under their Parks DCC bylaw. Portions of the monies collected are held for the benefit of the City of Vernon. The funds are to be disbursed on parks within the City’s boundaries. Since the monies are held by the Regional District, ultimate control over disbursal is subject to Regional District board approval. At December 31, 2014, the Parks DCC amount totalled $2,006,599.'
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 The review and correction of Council Remuneration (page 57)  ($3383 decrease in 2014 Remuneration from draft Presentation.)
Revised and Corrected Presentation in Annual Report 

Original Presentation in Draft Annual Report


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