Issuu

Wednesday, November 26, 2025

AGENDA

 Format

 Assumptions

 Reserves

 Capital projects

 Expenditures

 Assessment

 Revenue

 Property tax impact

 Wrap up

 Any additional questions

FORMAT

ASSUMPTIONS

Wages increase as per collective agreement

Construction inflation – 5%

Overall inflation rate for 2026 – 3%

REQUIREMENTS

 Community Charter defines requirements

 Must set out:

◦ Objectives and policies of the municipality

◦ Proposed expenditures funding sources and transfer of funds

◦ The total of the proposed expenditures and transfers to other funds for a year must not exceed the total of the proposed funding sources and transfers from other funds for the year

◦ To break out the revenue by source

◦ The Financial Plan must disclose the proposed expenditures for the year, and this must not exceed the proposed funding sources for the year

OBJECTIVES - REVENUE

(a) The District will review fees/charges annually to ensure that they keep pace with changes in the cost-of-living as well as changes in the methods or levels of service delivery;

(b) The District will actively pursue alternative revenue sources to help minimize property taxes;

(c) The District will consider market rates and charges levied by other public and private organizations for similar services in establishing rates, fees and charges;

(d) The District will establish cost recovery policies for fee-supported services.The Policies will consider whether the benefits received from the service are public and/or private;

(e) The District will establish cost recovery policies for services provided for other levels of government;

(f) General Revenues will not be dedicated for specific purposes, unless required by law or Canadian Public Sector Accounting Standards; and

(g) The District will develop and pursue new and creative partnerships with government, community institutions (churches, schools), and community groups as well as private and non-profit organizations to reduce costs and enhance service to the community.

OBJECTIVES – SURPLUS FUND

Accumulated Surplus funds above the 10% guideline shall be used to:

 fund capital expenditures or to increase reserves;

 pay off capital debt, including internal borrowings;

 stabilize District property tax and utility rate increases;

 fund other items as Council deems appropriate.

OBJECTIVES – RESERVE FUNDS

 Reserve funds shall be set aside to:

◦ Provide sources of funds for future capital expenditures;

◦ Provide a source of funding for areas of expenditure that fluctuate significantly from year to year (equipment replacement, special building maintenance, etc.);

◦ Protect the District from uncontrollable or unexpected increases in expenditures or unforeseen reductions in revenues, or a combination of the two; and

◦ Provide for working capital to ensure sufficient cash flow to meet the District’s needs throughout the year.

RESERVES – ALLOCATION FOR YEAR

SUMMARY - BUDGET COMPARISON

OVERALL CAPITAL EXPENSES

Highlighted

balances in yellow are carried forward from 2025.

OPERATING – CAPITAL ADDITIONS

UTILITIES – CAPITAL ADDITIONS

CAPITAL ADDITIONS

2026 - Capital program allocation

FUNDING BREAKDOWN

CAPITAL ADDITIONS – FUNDING BREAKDOWN

Current revenue Grants Gas Tax Reserve

Infrastructure Reserve Growing Communities Reserve Equipment Reserve

Campground Reserve Fire Reserve Other Funding

Long Term Borrowing

2026 – 2030 CAPITAL ADDITIONS BY TYPE

VEHICLE ADDITIONS

Replacement:

 Replacement of 2012 CAT Backhoe

 Replacement of 2006 Chevrolet 1500

 Replacement of 2011 GMC 2500

Funded by -

Vehicle Reserve

COQUIHALLA CAMPGROUND

 Replacement of 20 picnic tables.

 Design and planning for paving the entrance to the campground and around the sani-dump.

Funded by: Coquihalla Campground Reserve

DISTRICT HALL HVAC

RTU #5 was replaced in 2022 and RTU's #1-4 in 2024. At some point in time, ducting was disconnected and removed from the RTU #4 system which has left offices in the basement without climate control.

Funded by –Current Revenue

ART MACHINE ROOF REPLACEMENT

The District was alerted to periodic water staining on the building's ceiling.The roofing layers must be removed and a new roof installed to prevent further issues.

Funded by –Current Revenue

MEMORIAL PARK WASHROOM UPGRADE

Convert Memorial Park washroom toilets and fixtures to "no touch" operation.

Funded by –

Current Revenue

TRANSFER STATION UPGRADES

Replace 60m2 of degraded concrete surfacing, repair gravel road and dismantle leaning lock block wall and rebuild.

Replace unsafe wooden staircase with new steel staircase.

Funded by –Infrastructure Reserve

COQUIHALLA ELEMENTARY SAFETY IMPROVEMENTS

ICBC funded an In-service Safety Review of the pedestrian and road infrastructure around the school.

From the report, several improvements have been suggested to increase accessibility and safety.

Funded by –

ICBC Road Safety Grant

FIRE EXTRICATION TOOLS

Tools for extricationV-Struts and Auto Crib

Funded by –

Fire Reserve

FIRE – SCBA UPGRADE / REPLACEMENT

Purpose –

Replace two Self Contained

Breathing Apparatus (SCBA) and purchase six 4500psi spare carbon-fiber cylinders.

Funded by –

Fire Reserve

FIRE - STORAGE STRUCTURE PROJECTHALL 3

The District of Hope Fire Department will undertake a project to provide for equipment growth and storage at Fire Hall 3 (located on Kawkawa Lake Rd.).

In 2026 the land will be cleared and services installed.

Funded by –Fire Reserve

FIRE – WASHER AND DRYER – HALL 1

The District of Hope Fire Department is looking to purchase a new washer & dryer that meet NFPA 1851 standards for cleaning and maintaining firefighting gear.

This upgrade is for Hall 1 (located on 3rd Ave in Downtown Hope)

Funded by –

Grant $30,000

Fire Reserve $10,000

SEWER - SCADA

SCADA (Supervisory Control and Data Acquisition) is the system that operates and monitors our water and sewer infrastructure. Over the past several years, we have expanded SCADA across the water network and 2026 marks the next phase: integrating our sewer infrastructure to enhance monitoring, data accuracy, and operational efficiency.

Funded by – Current Revenue

CONFINED SPACE RESCUE TEAM EQUIPMENT

The Hope Fire Department will be undertaking standby rescue team duties as required by WorkSafeBC for confined space entry by Operations staff.

Funded by –

Current Revenue

WATER – EQUIPMENT TOOLS

SCADA improvements year on year to keep up with technology.

($100,000)

New Meter Reading Software. Our current software has become outdated and vendor support is no longer provided. ($10,000)

Well #10 Pump and motor failed in 2025 and the spare was used to replace. Well #10 is the only well to supply water to the 138 zone system, a new spare pump is required. ($30,000)

Funded by – Current Revenue