Union Bay Improvement District 2020 BUDGET

poor copy, you will need to go to https://drive.google.com/file/d/1MK1w2nuVaKTlX_tGoR8I32kqUMMrO90v/view

or https://union-bay.ca/ then click on link

Hi Paul, re: UBID BUDGET 2020

Problem with parcel tax??

2018 budget for parcel tax revenue was 242,535 divided by 345 =703 homes

2019 budget for parcel tax revenue was 242, 535 divided by 345 =703 homes

2020 budget for parcel tax revenue was 269,129 divided by 390 =690 homes

ARE WE GOING BACKWARDS

Another 13 homes times $390 is $5,070 in revenue.

Is this sloppy paperwork.

CEC’s

UBID has no CEC credits proposed in their revenue to offset the cost for the water treatment plant.

There are 80 to 120 lots proposed to be complete in the Union Bay Estates project phase 1. 120 lots times $8,900 is a lot of money.

Water tolls

The actual water tolls for the years 2015 to 2018

2015—-367,508

2016—-370,131

2017—-384,499

2018—-384,309

Budget for 2019 was $ 445,000, a $60,691 increase over 2018 and no increase in water toll rates.

Budget for 2020 is $562,140, a $117,140 increase over 2019 

The 2020 increase in water tolls of $15.00 times 6 billings times 690 homes is $62,100. UBID should justify the proposed budget increases in 2019 and 2020.

Expenses

 Loan payments and charges $209,129.16

What is the principle amount and what is the interest amount.

 GETTING TIRED, MORE TO COME….

November 28th

A FEW MORE COMMENTS ON THE 2020 BUDGET FOR YOUR INFO

Revenue

1} I see no revenue for connection/ disconnection fees

I assume from this that UBID is not expecting any new residential homes being built in 2020 ,developer or otherwise. This goes hand in hand with the CEC credits previously explained.

2] Hydrant maintenance $5,392.58

I have no idea what this is or where the revenue comes from. There was no revenue from this category in 2018 or 2019.

3} Rental Income $5,000

What rental revenue is this??

4} Property tax budget for Fire Reserve for 2020 is $459,030

This is the same amount as 2019 yet the budget expenses for 2020 have increased by $41,548

One thought on “Union Bay Improvement District 2020 BUDGET

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.