The Cariboo Chilcotin Regional Hospital District (CCRHD) and Cariboo Regional District (CRD) boards adopted their proposed 2017 budgets and five-year financial plans during their regular meeting today in Williams Lake.
The CRD's budget for 2017 includes operating expenditures of $25.9 million and capital expenditures of $28.7 million for a total of $54.6 million.
Budgeted operating and capital expenditures for 2016 were $25.9 million and $22.3 million, respectively, for a total of $48 million.
Capital expenditures in both 2016 and 2017 are higher than historical levels due to major recreation and water service capital projects.
The CRD's tax requisition revenues in 2017 will total $23.3 million. This is an increase of 0.6 per cent or $145,000 from 2016) to support the budgeted expenditures. The balance required to fund 2017 expenditures will be provided by grants, existing operating and capital reserves, and debt associated with the major capital expenditure projects.
Significant 2017 budgeted expenditures provided by the CRD include: recreation services $22.9 million; environmental services $6.6 million; protective services $5.4 million; and library services $3.3 million.
For the hospital district, budgeted expenditures will total $3.3 million in 2017.
The tax requisition for 2017 is $7.6 million, which is 1.7 per cent or $134,000 more than 2016. Total revenues from all sources will be $8.1 million. Revenues in excess of budgeted expenditures will be placed into a reserve for future hospital capital expenditure projects.
The CCRHD and CRD budgets will be posted on the CRD website next week at cariboord.ca.