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 2009-2013
Five Year Financial Plan 2008-2012

Audited Financial Statements

Previous years' audited financial statements.
CCRD 2007 Audited Financial Statements
CCRD 2006 Audited Financial Statements

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 2008

Class	Area A	Area B	Area C	Area D	Area E
01 Residential	1.58		2.03	2.02	1.9
02 Utilities	5.52	4.97	7.12	7.07	6.64
03 Unmanaged Forest
04 Major Industry			6.92
05 Light Industry	5.37		6.92		6.87
06 Business/Other	3.87	3.48	4.98	4.95	4.65
07 Managed Forest	4.73		6.1	6.06
08 Recreational/Non-Profit			2.03	2.02
09 Farm	1.58		2.03	2.02

Source:  Ministry of Small Business
2008 Taxation Roll

CCRD Tax rates per $1,000 of assessed value by function - July 2008 By Function

Function/Service	Area A	Area B	Area C	Area D	Area E
General Administration	0.6		0.61	0.6	0.57
Airport - Denny Island	0.1
Community Parks			0.05	0.05	0.05
Economic Development	0.24		0.24	0.24	0.22
Emergency Program	0.17		0.17	0.17	0.16
Grant in Aid	0.06		0.06	0.06	0.06
House Numbering			0.02	0.02	0.02
Planning	0.06		0.06	0.06	0.06
Recreation - Bella Coola
Recreation - Denny Island	0.07
Refuse Disposal			0.26	0.26	0.25
Van. Is. Regional Library	0.28		0.28	0.28	0.26
Swimming Pool			0.25	0.25	0.23
Valley Street Lights			0.03	0.03	0.02
Total	1.58		2.03	2.02	1.9

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 grant.