Services > Finance

Finance

All financial matters for the District are directed through the Finance Department. Headed by the Director of Financial Administration, the department is staffed by four individuals who administer the following areas of responsibility:
  • Financial Management & Financial Planning
  • Cash, Portfolio, and Debt Management
  • Accounting and Payroll Services
  • Collection of Tax and Utility Fees
  • Financial Reporting and Analysis
  • Policy Development and Financial Advice
  • Insurance Claims and Risk Management


Contact Information

Patricia (Pat) Higgins
Director of Financial Administration
Phone: 250-545-5304
Fax: 250-545-4733
Email: phiggins@district.coldstream.bc.ca

 

 


Property Tax Information

Find answers to frequently asked questions about Property Taxation such as: when property taxes are due, how to pay property taxes, how to claim the Home Owner Grant, Deferred Property Tax Program and Permissive Property Tax Exemptions- Not-for-Profit Organizations.
Information About Property Taxation


Annual Financial Report
The 2013 Annual Financial Report for the District of Coldstream is now available to interested members of the public. This report includes the audited Financial Statements for 2013, a progress report on 2013, goals and objectives for 2013 and 2014, and a number of other financial reports.


Financial Statements


Budget and Financial Plan

The District of Coldstream 2014 Budget is a mix of invest­ments in infrastructure, facilities, equipment and services. The parks service restructure was a primary focus in this year’s budget deliberations. Being this is the first year of takeover, Council budgeted conservatively based on the numbers provided by the Regional District of North Okanagan, but the District will need to monitor expenses and adjust accordingly as we move forward.

Your tax dollar, combined with grants, fees and other revenue sources, are all used to ensure the District continues to deliver top-quality services and infrastructure investment.

Taking into account our estimated growth revenues, the 2014 overall tax increase is approximately 2%. The average single‐family home in Coldstream, assessed at $447,000, will see an increase in the municipal portion of its tax bill of approximately $20, or $1.67 per month. The District has been proactive in implementing financial policies to better position ourselves for the future. Of the 2% tax rate, 1% is allocated for future infrastructure needs to our pavement management program and an additional 0.7% to be put into an operating reserve as we build up the parks service.

Budget Highlights

  • $2.1 million allocated for capital projects which include the Pavement Management Program, Kidston multi-use path (Phase 2), Coldstream Creek bike path (Phase 1), SCADA upgrades (supervisory control and data acquisition via remote equipment), and renovations to the Quonset building in the public works yard
  • Fire department investments
  • New machinery and equipment
  • Drainage projects


Sanitary Sewer Financing

Recognizing that connecting to the municipal sewer system can be costly, and yet wanting to encourage residents to connect, Council has passed a Sewer Financing Bylaw. This will allow you to connect to the sewer at this time, and pay the total costs of the connection over a period of 5, 10 or 15 years.
Sewer Financing Information and Application - 100Kb PDF


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