|
Five Year
Financial Plan 2002 - 2006 |
APPENDIX 7 ENVIRONMENTAL
DEVELOPMENT SERVICES |
CITY OF REVELSTOKE
FINANCIAL PLAN 2002 - 2006
|
|
ENVIRONMENT DEVELOPMENT
SERVICES |
|
EXPENSES |
Note |
2001
Budget |
2002
Budget |
%
Inc. |
2003 |
2004 |
2005 |
2006 |
| BC Hydro
Mitigation |
|
$3,000 |
$3,000 |
0.00% |
$3,000 |
$3,000 |
$3,000 |
$3,000 |
| Tourism
and Public Relations |
1 |
121,000 |
121,000 |
0.00% |
121,000 |
121,000 |
121,000 |
121,000 |
| Ski Hill |
2 |
40,000 |
20,000 |
-50.00% |
20,000 |
20,000 |
20,000 |
20,000 |
| Economic
Development Commission |
3 |
164,000 |
344,000 |
109.76% |
164,000 |
164,000 |
164,000 |
164,000 |
| Tourist
information booth |
|
0 |
0 |
0.00% |
0 |
0 |
0 |
0 |
| Tourism
Development Coordinator |
4 |
38,000 |
32,000 |
-15.79% |
30,000 |
28,000 |
26,000 |
24,000 |
| Oscar St.
Mobile Home Park |
|
134,000 |
134,000 |
0.00% |
134,000 |
134,000 |
134,000 |
134,000 |
| TOTAL
EXPENSES |
$500,000 |
$654,000 |
30.80% |
$472,000 |
$470,000 |
$468,000 |
$466,000 |
|
Revenues |
| Oscar St
Mobile Home Park |
|
134,000 |
134,000 |
0.00% |
134,000 |
134,000 |
134,000 |
134,000 |
| Grant
funding |
3
|
30,000 |
180,000 |
500.00% |
0 |
0 |
0 |
0 |
| CSRD cost
sharing |
ski hill |
5
|
0 |
0 |
0.00% |
0 |
0 |
0 |
0 |
| EOF |
5
|
19,000 |
16,000 |
-15.79% |
15,000 |
14,000 |
13,000 |
12,000 |
| EDC |
4
|
77,400 |
77,400 |
0.00% |
77,400 |
77,400 |
77,400 |
77,400 |
| TOTAL
REVENUES |
$260,400 |
$407,400 |
56.45% |
$226,400 |
$225,400 |
$225,400 |
$223,400 |
|
NET COST |
$239,600 |
$246,600 |
2.92% |
$245,600 |
$244,600 |
$243,600 |
$242,600 |
|
|
Note 1 |
| Chamber of Commerce -
Contracted services |
36,000 |
| Chamber of Commerce -
Fee for service |
42,000 |
| Street entertainment |
35,000 |
| Other |
8,000 |
| TOTAL |
121,000 |
| Note 2 |
Mt. Mackenzie Ski Hill
subsidy of $150,000 no longer required. Instead, $130,000 now shown as
transfer to reserves, being $100,000 to Electric Utility Reserve to repay
funding for road and $30,000 to a reserve fund to pay for major repairs to
chair lift. The amount of $20,000 relates to a provision for legal and
professional fees re ski hill development
|
| Note 3 |
| EDC includes an amount
of $130,000 to meet special projects such as the city's share of funding for
the District Energy Project. These costs are offset by a similar increase in
grant funding in revenue.
The annual provision of $30,000 from FRBC
has been excluded due to FRBC ceasing operations at March 31, 2002. It is
not clear at this time whether new funding programs will be available.
Includes $50,000 provision for Environmental Strategy funded by $25,000 from
CBT and $25,000 from other grant funding.
|
| Note 4 |
| The Chamber of Commerce
has requested funding from the City and CSRD regarding this position
commencing 2001.
This position is funded 50% by the CSRD
EOF and the applicable
funding is included in revenues.
|
| Note 5 |
| Although no funding
from CSRD is shown (this has been $86,000 a year for many years - $23,000
from Area B and $63,000 recovered from City taxpayers) for the ski hill, it
is anticipated that it will still be received. It has been included in the
budget but is not shown here because there is no related cost against which
to offset it in this budget function.
However, the City continues to pay out
$150,000 a year relating to the ski hill (see Note 2 above).
The contribution from the CSRD is
anticipated to reduce to $30,000 per year in 2004 when the repayment to the
Electric Utility Reserve Fund ceases.
* We still have $11,000 left over from the
2000 grant from the CSRD Economic Opportunity Fund in addition to this
amount, plus another $10,000 not yet drawn down.
|
|
