Finance

Financial Plans

Regional districts are required to adopt a five-year financial plan bylaw before March 31 of each year.  A regional district is not authorized to make expenditures other than those included in the financial plan unless there is an emergency situation.  Regional districts must not propose expenditures that exceed the proposed funding sources and any actual deficit in a service must be included in the following year's financial plan as expenditure for the service.

The CCRD Five Year Financial Plans
Five Year Financial Plan 2011-2015
Five Year Financial Plan 2009-2013
Five Year Financial Plan 2008-2012

Audited Financial Statements

Current year audited financial statements.
CCRD 2010 Audited Financial Statements
Previous years' audited financial statements.
CCRD 2009 Audited Financial Statements
CCRD 2008 Audited Financial Statements
CCRD 2007 Audited Financial Statements
CCRD 2006 Audited Financial Statements

SOFI - FIA Reporting
FIA Reporting

Taxation

The amount of taxes levied to individual properties within the Central Coast Regional District is calculated by determining the amount of funds required to provide each service.  Those costs are then allocated amongst the total of the assessed value of the properties within each service, or electoral area.  BC Assessment Authority determines the assessed value of properties.  The provincial Surveyor of Taxes levies or distributes the regional district tax requisition (the amount of funds required to provide the service) amongst the individual properties based on the assessed value.

Authority to levy taxes is generally contained within an establishing bylaw.  A limit for each $1,000 of assessed value is usually imposed on each service or function.

The annual requisition to the province is submitted in early April in conjunction with the adoption of the Five-Year Financial Plan on March 31st.  The Regional District receives the levy in one lump sum at the beginning of August.

CCRD Tax rates per $1,000 of assessed value by class - July 2011

Class	Area A	Area B	Area C	Area D	Area E
01 Residential	1.7401	1.6178	2.3807	2.3614	2.2879
02 Utilities	6.0904	5.6623	8.3325	8.2649	8.0077
03 Unmanaged Forest
04 Major Industry			8.0944
05 Light Industry	5.9163		8.0944	8.0288	7.7789
06 Business/Other	4.2632	3.9636	5.8327	5.7854	5.6054
07 Managed Forest	5.2203		7.1421	7.0842
08 Recreational/Non-Profit	1.7401		2.3807	2.3614
09 Farm	1.7401		2.3807	2.3614

Source:  Ministry of Finance
2011 Property Tax Requisiton

CCRD Residential Tax rates per $1,000 of assessed value by function - July 2011

Function/Service	Area A	Area B	Area C	Area D	Area E
General Administration	1.0609	1.0628	1.0628	1.0542	1.0214
Airport - Denny Island	0.0740
Community Parks			0.1239	0.1229	0.1190
Economic Development	0.0527	0.0530	0.0529	0.0523	0.0507
Emergency Program	0.1732	0.1737	0.1735	0.1721	0.1667
Grant in Aid	0.0522	0.0530	0.0523	0.0519	0.0503
House Numbering			0.0189	0.0187	0.0182
Planning	0.0503	0.0501	0.0504	0.0499	0.0485
Recreation - Bella Coola (see Parks}
Recreation - Denny Island	0.0519
Refuse Disposal			0.2680	0.2659	0.2576
Van. Is. Regional Library	0.2249	0.2252	0.2253	0.2235	0.2165
Swimming Pool			0.3216	0.3190	0.3091
Valley Street Lights			0.0311	0.0310	0.0299
Total	1.7401	1.6178	2.3807	2.3614	2.2879

All rates include a 5.25% Surveyor of Taxes collection fee.
For more information on taxation, see the Five-Year Financial Plan.

Grants-in-aid

The Central Coast Regional District has a long history of providing grants to organizations within the Regional District boundaries.  In general, the Board supports non-profit, non-partisan and non-denominational applicants.  Due to the limited assessment base, the total average annual amount requisitioned by the Regional District is approximately $10,000.  Applications for assistance are governed by policy (F-7) enacted by the Regional District Board of Directors.  Applications are accepted and considered by the board at the November board meeting each year.  The deadline for all applications is November 1st.  Payout to grant recipients is undertaken in August of the following year.

Download an application for a grantApplication for a grant   policy F-7Policy F-7