Regional District of Okanagan Similkameen budget nearly $58 million

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

A change to the drive thru sign at the Tim Hortons in Summerland came before Summerland council on Jan. 25. (John Arendt - Summerland Review)
Summerland council approves variance for drive-thru sign

Questions raised about why issue was brought to council table

Oliver Town Hall (Town of Oliver Facebook).
Call for local artists to design centennial logo for Oliver

The Town of Oliver will be celebrating 100 years in 2021

A pair of Okanagan Regional Library reference librarians have created a podcast called Hard Cover that takes a zany but informative look at books, libraries and librarians. (File photo)
Okanagan reference librarians produce quirky podcast

Davin Helkenberg and Peter Critchley are behind Hard Cover

Superstore
Three employees test positive for COVID-19 at Penticton Superstore

Meanwhile, the Skaha 7 Eleven has reopened after closing for a week for COVID

The South Okanagan Similkameen Volunteer Centre's new logo, from Graphically Hip in Penticton. (Submitted)
SOS Volunteer Centre debuts new logo

Penticton’s Graphically Hip created the redesigned brand

British Columbia Health Minister Adrian Dix looks on as Provincial Health Officer Dr. Bonnie Henry addresses the media during a news conference at the BC Centre of Disease Control in Vancouver B.C. (THE CANADIAN PRESS/Jonathan Hayward)
B.C. announces 485 new COVID-19 cases, fewest deaths in months

‘The actions we take may seem small, but will have a big impact to stop the virus,” urges Dr. Henry

Vernon’s Noric House long-term care facility is dealing with a COVID-19 outbreak. (Jennifer Smith - Morning Star)
COVID-19: Two more deaths at Vernon’s Noric House

Total deaths climb to 17 at local long-term care outbreaks

Prime Minister Justin Trudeau, left, and Vancouver Mayor Kennedy Stewart share a laugh while speaking to the media before sitting down for a meeting at City Hall, in Vancouver, on Friday August 30, 2019. (THE CANADIAN PRESS/Darryl Dyck)
Vancouver mayor, Health Canada to formally discuss drug decriminalization

Kennedy Stewart says he’s encouraged by the federal health minister’s commitment to work with the city

Downtown Fernie is pictured after a snowfall.
RCMP. (Phil McLachlan - Black Press Media)
Driver crashes vehicle twice in one day near Princeton

A 29-year-old Abbotsford woman twice crashed her car near Princeton on Saturday,… Continue reading

Royal Inland Hospital in Kamloops. (Dave Eagles/Kamloops This Week file photo)
COVID-19 outbreak at Kamloops hospital grows to 66 cases

A majority of cases remain among staff at Royal Inland Hospital

Kamloops RCMP covered the animal with a blanket and dragged it out of the home on a carpet. (Kamloops This Week)
Oh ‘deer’: Bambi breaks into Kamloops home

A deer got trapped into a Kamloops home and had to be escorted out by RCMP

Lesley Lutes, UBCO professor of psychology and director of the Centre for Obesity and Well-being Research Excellence. (Submitted)
UBCO psychologist part of Bell Let’s Talk virtual panel tonight at 6 p.m.

Panel will talk about coping under the stress of this pandemic

Most Read