REGIONAL DISTRICT OF NORTH OKANAGAN
GREATER VERNON ADVISORY COMMITTEE MEETING
Monday, February 5, 2018
Coldstream Municipal Hall - Council Chambers
9901 Kalamalka Road, Coldstream
9:00 a.m.
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Page 1 https://rdno.civicweb.net/document/86919/180131_RPT_GVAC_GVW_Budget_FULL.pdf?handle=3D328E88E1F544FF981BE8B446DFE06F
The proposed budget includes a 2.9% water rate increase, consistent with the recently adopted 2017 Master Water Plan. Agricultural rates are proposed to increase 3.7%, consistent with the 2017 decision to increase agricultural rates by 3.7% per year for 3 years to more appropriately match total revenue from agricultural properties to the cost of supply. The rate increase provides additional funds for the capital program – both current and future. The proposed current revenue funding of the capital program is $5,042,000 (2017 – $5,585,000). The proposed transfer to the statutory reserve for future capital projects is $1,780,000 (2017 - $782,000).
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2 comments:
The table indicates a fee increase of 3.9% not 2.9%. What gives?
According to this budget there will be a 3.7% increase for ag all Ag Rates and charges and a 2.9% increase for all domestic base rates, meter replacement fees and consumption rates.
The balance to make up the 3,9% revenue increase ($828,500) will come from other fee and income sources. (Truckload fees,,installation fees, allocation sold etc.)
We will see at the budget rates meeting.
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