Financial Plan

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Download "2011 2015 Financial Plan"

Candace Shelton
10 years ago
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1 Financial Plan Committee of the Whole March 8, 2011 Service Budgets Review AIM for Results

2 Review of Budget Process Proposed budget overview presented to the Committee of the Whole January 25 th, 2011 Service budget presentations to the Regional Solid Waste Board, Electoral Area Services Committee and Committee of the Whole Budget presentations to commissions, committees i.e. sports, water, sewer, BC/OB services Update service budgets on direction from the board Update service budgets with current information i.e. final surplus amounts, year end adjustments

3 Recap of Committee of the Whole January 25 th & February 22 nd Presented: Overview consolidated fin. plan General Administration Municipal Members Administration Electoral Areas Administration Feasibility Studies Emergency Shelter Presented: Cemetery Victim Services Comox Valley Emergency Program Transit CV Track and Fields Function CV Exhibition Grounds Function 660

4 February 22 nd Committees Budget Presentations Recreation Complexes Function 645 Sports Commission Back March 15th Water Function 300 Water Committee Back March 15 th CV Sewerage Function Sewer Commission Back March 15th

5 Today s Budget Presentations CV Economic Development Function 550 Regional Growth Strategy Function 512/510 Referred from January 25 th Recreation Grants Function 600 Search & Rescue (update) Function 265

6 Presentations at Future Committee of the Whole Meeting March 15th None scheduled Referrals back if required Water committee, Sewer commission and Sports commission March 15th

7 Budget Meeting Dates Meeting Dates Committee of the Whole Electoral Area Services Committee BC / OB Services Committee CV Sports Centre Commission CV Water Committee Sewage Commission March 8 th, March 15th March 14th March 14th March 15th March 15th March 15th

8 CV Search & Rescue - Function 265 Established October 1982 Purpose is to make grants-in-aid for the search and rescue coordination and assist in the acquisition of equipment required to carry out search and rescue work within the participating areas Member municipalities historically contributed towards the search and rescue (grant-in-aid) function by way of a contractual arrangement Bylaw 2985 dated April 2007 added the three municipalities as participants Participants now include the three municipalities and Electoral Areas A, B & C Apportioned by converted assessed values

9 CV Search & Rescue - Function 265 Requisition for 2011 is $71,151 (same as 2010) Tax rate for 2011 is.0057 per $1,000 Max requisition for 2011 is $303,983 or.03 per $1,000 Includes grants total $72,580 Organization 2011 Grant Amount CV Ground Search & Rescue $15,280 Comox Rescue 36 $14,100 Cumberland Fire Rescue $8,200 Rescue 71 Courtenay $15,000 CV Marine Rescue Society $20,000

10 CVRD Voting Structure Population determines the weighted vote Every municipality and electoral area is designated one vote for every 1,500 in population Number of municipal directors on board determined by dividing number of votes by 5 No municipal director is permitted more than five votes.

11 Municipality CVRD Voting Structure Comox Valley Regional District Population 58,824 (2006 Census) Population No. of Directors Voting Strength Town of Comox 12,256* 2 9 City of Courtenay 21,940* 3 15 Village of Cumberland 2,762* 1 2 Electoral Area Baynes Sound - Denman/Hornby Islands, Electoral Area 'A' 7, Lazo North, Electoral Area 'B' 7,371 a 1 5 Puntledge/Black Creek, Electoral Area 'C' 7, ( a incl. pop. of 272 from the Comox I.R)

12 Types of Voting Generally four types of voting at CVRD Corporate matters all directors, 1 person/1 vote (section 791(2) of LGA) Financial / contractual matters all directors, weighted vote (section 791(6) of LGA) Service-related matters participating directors only, weighted vote (section 791(4) of LGA) Planning and land use matters full participating directors, 1 person/1 vote; other directors by agreement if applicable (section 791(2)(3)(13) of LGA)

13 Financial Plan Approval Process Proposed Financial Plan (by service) published in January 25 th, 2011 At January, February and March committee meetings service participants review, consider and approve service budgets (791(4)) At March 29, 2011 board meeting, financial plan bylaw presented for adoption (791(6)) Statutory deadline March 31 st

14 Thank-you

Request for Quotation

The Comox Valley Regional District (CVRD) is seeking quotations for the services of a business continuity and emergency planner contractor. The services required under this request for quotation (RFQ)