Regional District of Okanagan Similkameen budget nearly $58 million

Proposed budget for 2020 shows 11.2 per cent increase over previous year

The Regional District of Okanagan Similkameen has a proposed budget of nearly $58 million for 2020.

The budget, presented to the regional district board on Feb. 6, has a grand total of $57,847,128, an increase of $5.8 million or 11.2 per cent over the previous year.

Operating expenses are expected to come in at $51.1 million, up from $45.1 million a year ago.

However, the amount for municipal debt repayment dropped slightly, from $6.9 million in 2019 to $6.7 million this year.

READ ALSO: Regional District of Okanagan Similkameen preparing budget

READ ALSO: RDOS budget videos available online

Taxes account for the largest revenue source for the regional district budget, with a total of $20,192,702 expected.

Fees and charges are expected to bring another $10,975,702 while grants will bring $7,225,971.

Other revenue sources include contract revenue, debt proceeds, prior surpluses and transfers from reserves.

Capital and equipment expenses represent the largest category of expenditures in 2020, accounting for $12,402,486.

Wages and benefits add another $11,338,814.

Financing for municipalities is expected to cost $6,679,583. Contracts and agreements are budgeted at $6,279,562.

Operations are expected to cost $4,338,683.

Documents related to the regional district budget are available online at rdos.bc.ca/departments/finance/2020-budget-information/

This includes a 323-page financial plan report which covers the five-year financial plan and provides detailed figures for the various communities, electoral areas and regional district services.

In a report to the regional district board, John Kurvink, chief financial officer for the regional district, said the financial plan has been reviewed by the board at a series of three workshops near the end of 2019.

The first reading of the bylaw was given on Jan 9, and since that time, community consultations have been underway.

The RDOS budget was posted online Jan. 10 and electoral area budget videos and Powerpoint presentations were posted Jan. 22.

To report a typo, email:
news@summerlandreview.com
.



news@summerlandreview.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sign of spring: Salmon Arm’s steep Shoemaker Hill opens to traffic

Opening delayed by snow and freezing temperatures

20th anniversary of Shuswap’s Salty Dog Enduro postponed to 2021

Organizers follow direction from provincial/national bodies to cancel May event

West Kelowna man charged in relation to cannabis grow robbery in Sicamous

Two suspects remain at large; police believe they left the robbery scene in a white hatchback

Would-be visitors to Shuswap over the long weekend asked to stay home

Regional district follows provincial health officer’s lead in telling citizens to stay put this Easter

Warm temperatures bring welcome news for Salmon Arm residents who use public washrooms

City plans to open remaining washrooms, playgrounds to remain closed

COVID-19 death toll reaches 50 in B.C., while daily case count steadies

B.C. records 34 new cases in the province, bringing total active confirmed cases to 462

B.C.’s top doctor details prescription for safe long weekend

Yes, it includes hosting an online cooking show

Reality TV show about bodybuilders still filming in Okanagan amid COVID-19

Five bodybuilders from across the country flew to Kelowna to move into a house for a reality TV show

Serious assault leaves Osoyoos woman in critical condition: RCMP

A 60-year-old Osoyoos woman suffers life threatening injuries following assault inside home

COVID-19: Vernon pet grooming store closed temporarily after symptoms shown

Wet Spot Grooming and Pet Care to announce return Easter Monday

Easter weekend brightened up by Okanagan business

Social distancing might have you down, so one business is spreading cheer

Not all receive COVID-19 aid from federal government

Summerland woman does not qualify for federal assistance during COVID-19 pandemic

Researchers to study whether plasma of recovered patients can treat COVID-19

Plasma is the liquid portion of the blood that contains the antibodies that protect against illness

Most Read