Budget
District of Sechelt Council, management, and staff work together to develop an annual budget. The budget serves as an outline for how money that comes into the District should be spent to maintain and improve the city. Two important parts of the budget include the operating and capital budget.
Each year, Council sets the taxation requirement after reviewing the Financial Plan to determine which projects to fund and which projects to defer or cancel.
In the District of Sechelt, the budget process starts in the summer, with each department planning for the next year on finding efficiencies and improving or expanding services to achieve our strategic goals. We ask our residents and business owners to contribute to.
2023 Provisional Budget - Version 3
Listing of Version 3 Changes from Version 2
Operating Budget |
|
The operating budget is like your regular household bills e.g. bank charges, building maintenance, internet, gas, and electricity. The Districts Operating Budget includes services like: Corporate administration, financial services, planning services, development services, engineering services, Bylaw enforcement, garbage pickup, road maintenance, parks maintenance and police services. |
Capital Budget |
|
The District's capital budget includes things like upgrades to sewer collection, upgrades to buildings, sidewalk and walkways, and more. |
Where the money comes from |
|
Similar to most Canadian municipalities, taxation is the District of Sechelt's largest source of revenue. For 2022: Property Taxes 34% Capital Grants & Contributions 26% Transfer from DCC 8% Grants and Donations 9% Investment Income 1% Sewer Revenue 13% Fees, Rates, and Sales of Services 9% |
Where the money goes |
|
The District provides services to the community by incurring operating and capital costs. For each service, the capital costs of equipment, infrastructure, and facilities needed to deliver the service must be considered, in addition to the ongoing operational and labour costs of providing that service. For 2022: General Government 22% Planning and Community Development 9% Community Services 13% Public Works 16% Facilities 3% Police Services 14% Solid Waste 10% Interest on Debt 1% Principle on Debenture Debt 3% Transfer to Reserves 9% |