600 Comox Road
Courtenay, BC V9N 3P6
Toll free: 1- 800-331-6007
Water emergencies (including Sandwick residents starting January 1) - 1-877-999-2285
March 20, 2014
The Comox Valley Regional District (CVRD) board of directors has adopted the 2014 budget that includes a total consolidated budget of $67.1 million (a net operating budget for the year of $54.2 million).
The consolidated budget includes three funds: general, water and sewer. The 2014 budget reflects major projects underway in various services in all of the funds. The table below highlights some of the activities:
|Project Details||Budget Amt|
|Phase one of the closure activities at the Campbell River waste management centre.||$3.9 million|
|New landfill expansion activities at the Comox Valley waste management centre||$750,000|
|Denman Island cross island trail||$180,000|
South sewer project: electoral area Community Works Funds for treatment plant and collection system to address failing septic 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.
|Water Fund||Regional water supply infrastructure projects and deep water intake work||$1.1 million|
|Black Creek/Oyster Bay UV project and Kelland Rd. reservoir||$1.1 million|
|Sewer Fund||Sewer infrastructure projects include dewatering upgrades at treatment plant, Docliddle pump station and forcemain projects and start of compost facility expansion.||$1.9 million|
These are in addition to the regular services provided by the CVRD that include land use planning, fire protection, building inspection, drinking water treatment and supply, operation of the landfills in the Comox Valley and Campbell River and recreation facilities.
The 2014 financial plan expenditures can be summarized:
|General operations budget||$ 41.5 million|
|Member municipal debt transfers||3.1 million|
|Annual debt charges||5.3 million|
|Reserve contributions||4.3 million|
|Net operating budget||54.2 million|
|Capital budget||12.9 million|
|Total CVRD consolidated 2014 budget||$ 67.1 million|
The 2014 financial plan expenditures are summarized:
The 2014 financial plan revenue sources are summarized:
The following table shows the approximate levy based on a residential property assessed at $300,000 in each area. These do not include tax levies for services provided to a portion of an electoral area such as a fire protection service in a designated service area.
|Participant||2013 Levy||2014 Levy|
|Area ‘A’ Baynes Sound||499||511|
|Area ‘A’ Denman/Hornby Islands||209||218|
|Area ‘B’ Lazo North||502||512|
|Area ‘C’ Puntledge - Black Creek||468||482|
|Comox (excluding sewer)||241||242|
|Courtenay (excluding sewer)||241||242|
For more information on taxation (requisition) by jurisdiction or a particular service budget go to www.comoxvalleyrd.ca, and click on “finance” and then “current financial plan”.
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.
Manager of financial planning
Comox Valley Regional District