centralcoastbc.com Home Central Coast Membership Search Contact Info communities Bella Bella Bella Coola Dawsons Land. Denny Island Duncanby Land. Firvale Hagensborg Klemtu Namu Ocean Falls Oweekeno Tallheo Stuie		Budgets and Finances The Regional District's fiscal year is the calendar year. Before the end of December each year, the provisional budget is created and adopted by the Board. It gives the legal authority to spend money and continue operating until the annual budget is adopted. The annual budget must be adopted by the end of March. After the annual budget is adopted, the amount required from each Electoral Area is calculated. Early in April, the Regional District must notify the Surveyor of Taxes how much they have to collect on behalf of the Regional District. There is only one property tax bill issued to each property owner and one collection agency. The Surveyor of Taxes collects within the rural areas. In early August, the Surveyor of Taxes turns over to the Regional District the amount requested in April. Until August, the Regional District can borrow money to operate. While one budget is created for the Regional District, it is made up of individual budgets for each service provided. Each service has to have a balanced budget and we cannot spend more money than is available. Money cannot be transferred from one service to another, even if the boundaries of two services are identical. At the end of the year, if there is any money left over, it is to be used the next year for the same service. The Regional District has the ability to put money away for future capital expenditures for any service it operates. back