CVRD Adopts 2013 Budget

CVRD ADOPTS 2013 BUDGET

The Comox Valley Regional District (CVRD) board of directors has adopted the 2013 budget that includes a total consolidated budget of $73.8 million (a net operating budget for the year of $54.7 million).

The consolidated budget includes three funds: general, water and sewer.  The 2013 budget reflects major projects underway in various services in all of the funds.  The table below highlights some of the activities:

General 
Fund
Project Details Budget Amount
  Facility improvements to extend the use of the landfill as well as partial closure activities of the Campbell River waste management centre. $2.9 million
  Design and initial construction of landfill improvements at the Comox Valley waste management centre 

$4.8 million

 

Fire services:

  • fire engine for Black Creek-Oyster Bay
  • quick response truck for Denman Island
  • preliminary design for a new fire hall on Hornby Island

 

$414,000
$188,000
$215,000

  Royston greenway extension (assisted by community recreation grant)

$360,000

  Island Corridor Foundation — CVRD's contribution to upgrading E & N rail line

$392,000

Water Fund    
  Comox reservoir upgrade $502,000
Sewer Fund    
  South sewer project:  electoral area Community Works Funds for treatment plant and collection system to address failing septic  systems in the coreseptic systems in the core areas of Union Bay and Royston, and wastewater treatment issues in Cumberland. 

Business case development, environmental assessment and project planning for the south sewer project.

$2.0 million
  Upgrade to the Courtenay pump station

$2.5 million

These are in addition to the regular services provided by the CVRD that include land use planning, fire protection, building inspection, drinking water treatment and supply, operation of the landfills in the Comox Valley and Campbell River and recreation facilities. The 2013 strategic priorities will be found at www.comoxvalleyrd.ca/budgetbinder/strategic.pdf  in mid-April.


The 2013 financial plan expenditures can be summarized:

General operations  budget

$ 42.7 million

Member municipal debt transfers

3.2 million

Annual debt charges

5.7 million

Reserve contributions

3.1 million

Net operating budget

54.7 million

Capital budget

19.1 million
Total CVRD consolidated 2013 budget  $  73.8 million

The 2013 financial plan expenditures are summarized:

The 2013 financial plan revenue sources are summarized:

                                                                                             

The following table shows the approximate levy based on the average residential assessed values in each area:

Participant

2012 Levy

2013 Levy

Area ‘A' Baynes Sound

582 

 589 

Area ‘A' Denman-Hornby Islands

 262

296

Area ‘B' Lazo North

628

662
Area ‘C' Puntledge - Black Creek

 479

 504

Comox (excluding sewer) 261 269
Courtenay (excluding sewer) 215 225
Cumberland 190

 198

For more information on taxation (requisition) by jurisdiction or a particular service budget go to www.comoxvalleyrd.ca, and click on “finance” and then “budgets”.

The Comox Valley Regional District is a federation of three electoral areas and three municipalities providing sustainable services for residents and visitors to the area. The members of the regional district work collaboratively on services for the benefit of the diverse urban and rural areas of the Comox Valley.
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Media contact: 
Wendy Byrne
Manager of financial planning
Tel: 250-334-6078