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

Fire consumes unit at Osoyoos hotel

Fire chief proud of crew’s quick response, says result could have been a lot worse.

Penticton Search and Rescue issues advisory after second snowmobiler stranded in two weeks

The snowmobiler was able to snowshoe back to safety, without knowing that anyone was looking for him.

CHIME finds four days of noise, twelve days of silence from space

The radio telescope picked up the first recorded pattern in radio signals from space

Summerland’s Justin Kripps picks up back-to-back bronze medals in weekend racing

Canada’s two-man bobsleigh is third in the rankings heading into the World Championships

Meet the ultimate Penticton Vees fan

Jon Race owns an epic collection of Vees jerseys and hasn’t missed a home game in 15 years.

VIDEO: Minister reports ‘modest progress’ after blockade talks with First Nation

Wet’suwet’en hereditary chiefs say Coastal GasLink does not have authority to go through their lands

Henrique scores 2 as Ducks soar past Canucks 5-1

Vancouver tumbles out of top spot in Pacific Division

Trudeau cancels Caribbean trip amid pipeline protests across Canada

Protests against Coastal GasLink have disrupted rail service

B.C. VIEWS: Inaction on pipeline protests not a viable response

Columnist Frank Bucholtz on how the Coastal GasLink pipeline dispute got so bad

PHOTOS: Top 10 memories of the 2010 Olympics

Black Press Media’s Jenna Hauck, shares some of her most memorable images of 2010 Winter Games

#FoxForFiver: Support grows in B.C. to put Terry Fox on new $5 bill

Terry Fox’ Marathon of Hope raised money for cancer research

Registration opens soon for BC 55+ Games in Richmond

2020 55+ Games have been officially scheduled for Sept. 15 to 19

Trudeau confers with cabinet ministers as rail blockades continue

The Trudeau government has been criticized for not doing more to end the blockades

Canadian nurses’ unions warn national standards for coronavirus protection too low

President says safety protocols nationwide are inadequate compared to those in Ontario and other countries

Most Read