Regional District Finance
Regional Districts primarily finance their operations and
services through property taxation.
Each year, the regional district board must set their budget, through
a Five Year Financial Plan, thereby determining the amount of revenue which will be needed. The
amount to be collected by taxation is then apportioned between the
regional district participants, which includes their member
municipalities, electoral areas, and service areas.
By April 10th each year, the regional district must create and submit to the ministry its requisition. This
requisition includes the amounts that will be needed for each service the regional district provides, and the proposed
division of the amount between the various participants. It forms the basis for calculating the necessary
tax rates which will be levied. The amount of taxes to be charged to each of
the non-municipal participating areas of a regional district, which are detailed in the requisition, must be submitted to the
Inspector of Municipalities by April 10th. Municipalities are billed directly by their regional district for the
services in which they participate.
Municipalities levy and collect taxes directly from their residents
and other properties within their boundaries. Regional districts
cannot do this. Therefore, the Surveyor of Taxes levies and collects
taxes from properties within a regional district boundary but
outside of a municipal one (Electoral Areas). Once collected, the Surveyor then forwards the funds to the regional
district. This is the same process that municipalities follow: the municipality levies
and collects the taxes from properties within their boundaries, then
forwards the funds to the regional district.
In addition to raising funds from taxes, regional districts can
charge user fees for services they provide. Other revenues may come
from grants or investments.
There are a number of accountability provisions that apply to regional district
finances. For example they must produce annual audited financial statements that are
prepared in accordance with generally accepted accounting principles established by
the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants.
A regional district board must develop a five year
and undertake a process of public consultation before adopting it. A public meeting must be held
each year for the purpose of presenting the audited financial statement and a report
on the remuneration and expenses of the regional board. Also, regional districts
must make available, upon request, a report respecting how a fee or charge was
The Local Government Department provides financial information and advice to a wide range of clients including:
In addition, the Department is responsible for collecting statistics relating to
regional district including assets and liabilities, revenues and expenditures and