The Capital Regional District (CRD) plays an essential role in helping its citizens and businesses enjoy and contribute to a vibrant, livable and sustainable region. This means providing the right level of services at the right cost for a diverse and growing region.

2020 Provisional Financial Plan

The provisional 2020 Financial Plan incorporates the delivery of work and execution of priorities and initiatives that were identified in the first year of a four year planning cycle for the CRD. Approval enables the organization to effectively deploy resources needed to maintain core service delivery and advance capital projects required to support development and population growth across the region. The Board approved a provisional 2020 Financial Plan with amendments on October 30, 2019. Read more >>

Feedback

The provisional 2020 Financial Plan is subject to change prior to final approval by the Board in March. Comments are correlated and provided to the Board as part of the budget approval process.

Consolidated Budget

2018provbudget-consolidatedoverviewThe CRD budget consists of individual service budgets, some of which are recommended directly through standing committees of the CRD Board, and others which are recommended by sub-regional or local service commissions with various degrees of delegated authority. The consolidated budget consists of the CRD’s operating and capital expenditures as well as Capital Regional Hospital District and Capital Region Housing Corporation expenditures. 

Operating Budget

2018provbudget-consolidatedoperatingOperating costs pay for the daily business of the CRD. This portion of the budget pays for labour costs, supplies, programs, services and repayment of debt for major projects. Revenue from sale of services make up nearly half of the CRD’s operating revenue, while requisitions make up approximately 26%. The balance is funded from a variety of other sources including grants.

Requisitions pay for a wide range of services. The CRD does not directly tax properties within the region, rather member municipalities and the Province (for rural electoral areas) are requisitioned by the CRD in order to meet annual revenue requirements. At the October 30 CRD Board meeting, several amendments to the proposed provisional plan were approved. The following table lists the amended requisition total as directed by the Board.

2020 Provisional Plan Requisition Revenue

  Dollar Amount % Change
2020 $71.8M 6.3%
Board Directed Amendments $1.1M 1.6%
2020 Amended (over 2019) $72.9M 7.9%

Totals exclude Municipal debt for 2020.

Capital Budget

2018provbudget-consolidatedcapitalCapital investments are included in an annual plan to sustain and enhance infrastructure in the region. This includes acquisition of buildings, facilities, construction of trails, and upgrades to capital assets, such as water treatment plants and sewers. The Core Area Wastewater Treatment Project accounts for approximately 78% of capital expenditures as construction activities continue.

Service Activity & Investment

Highlights include:

  • The Core Area Wastewater Treatment Project remains on schedule with all main components under construction to deliver treated wastewater by the end of 2020. This includes the McLoughlin Point Wastewater Treatment plant in Esquimalt, the Residuals Treatment Facility at the Hartland Landfill, and upgrades to the conveyance system.
  • Additional sanitary sewer projects for 2020 include rehabilitation of trunk sewer in the Core Area Sewer system and the Saanich Peninsula Wastewater service
  • Renewing and improving drinking water and wastewater infrastructure for the region’s urban centres and local service areas continues in 2020. Key projects include continued dam safety improvements within the Regional Water Supply Service and pipe replacements and upgrades in the Juan de Fuca Water Distribution Service.
  • Managing natural areas and ensuring access to parks and trails will remain a priority as the CRD continues development of the E&N Rail Trail, a new cycling and pedestrian trail largely within the E&N rail corridor.
  • Construction is anticipated in 2020 for the Southern Gulf Islands Small Craft Harbours Facilities and the South Galiano Fire Hall, which was approved through referendum in 2019.
  • Implementation of the Regional Housing First Program continues in 2020 with over 900 units of affordable housing complete or under construction. The program targets up to 2,000 units of affordable housing that will be under construction or complete by December 31, 2021.
  • Panorama Recreation Centre is moving forward with an energy recovery project with a total budget of $2.85 million, with direction to staff to pursue all possible funding opportunities. Panorama is projected to see an 80% (351 tons) reduction in total GHG emissions produced.
  • The CRHD Financial Plan includes $29.5 million for continued development of health-related infrastructure. Construction is almost complete on The Summit at Quadra Village, a 320-unit long term care facility, which is expected to be operational in early 2020.
  • Major projects planned for CRHD in 2020 include the Westshore Urgent Primary Care Centre, enhancements to Victoria Primary Care and the Beacon Community Services Expansion Project.

Financial Indicators

Financial indicators have been developed that relate directly to the CRD and the services provided to the communities in which the CRD operates. Although benchmarking these indicators is difficult due to the varying size and scope of services provided by local governments, the indicators provide insight on trends and measures of organizational and financial performance. Ongoing work on asset management will complement work on financial indicators leading to new policy development with respect to debt management, reserve levels, risk management and facility life cycles. It will also enable a better monitoring of expenditures and capital investments in light of the continued service delivery demands.