Regional Reflections | draft budget 2022
News ArticleThe Regional District of Okanagan-Similkameen (RDOS) 2022 draft budget is scheduled to be presented for second reading at the February 17, 2022 Board meeting. Detailed Electoral Area, municipal, and Penticton Indian Band draft budgets are posted on RDOS Regional Connections. The budget public engagement process will continue until Thursday, February 10, 2022. Due to COVID-19 restrictions, in-person presentations are not currently scheduled. Budget video presentations are posted on the RDOS YouTube channel.
2022 marks the first year capital and operating expenses are divided into two separate budgets. This step creates a baseline budget to ensure operating expenses are consistent. RDOS Manager of Finance Jim Zaffino introduced a recommendation to the Board that no capital projects are to be funded directly from taxes. In addition, non-market growth (additional new properties and improvements) increases the overall assessment role. This allows the Board to either reduce the tax requisition, increase services, or increase transfer to reserves.
RDOS managers are now required to complete a detailed request form including information about why capital expenditures are required for 2022. RDOS staff are also required to produce up to a five-year capital plan with funding information.
The 2022 draft budget is subject to change prior to being adopted. Provincial legislation requires the Budget Bylaw to be adopted by March 31, 2022.
For further information, including detailed budgets, please contact Jim Zaffino or visit the Annual Budget web page on RDOS Regional Connections: https://rdosregionalconnections.ca/
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Mark Pendergraft, Chair
Regional District of Okanagan-Similkameen
Contacts:
Jim Zaffino
RDOS Manager of Finance
250-490-4230
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