Appendix
Strategic Community Investment Funds Plan and Progress Report
July 15, 2014Page 1641 section
Status report on provincial grant funding received through the SCI program.
Small Community Grant June 2014: $258,415Traffic Fine Revenue June 2014: $51,421
TOWN OF VIEW ROYAL Strategic Community Investment Funds Plan and Progress Report
(1) SCI Funds received or anticipated
| Strategic Community Investment Funds | Use | Date | Amount |
|---|---|---|---|
| SC Grants | local government services | March 2013 | $73,622 |
| June 2013 | $184,792 | ||
| June 2014 | $258,415 | ||
| TFRS Grants | Defray the cost of local police enforcement | March 2013 | $13,329 |
| June 2013 | $38,092 | ||
| June 2014 | $51,421 |
(2) SCI Funds intended use, performance targets and progress made:
Small Community or Regional District Portion of the SCI Funds
| Intended Use | Performance Targets | Progress made in first reporting period |
|---|---|---|
| Use funding to support local government services to avoid tax rate increases. | Minimize tax rate increases. $141,941 has been set aside to minimize the tax rate increases in 2014. | Moderate tax rate increases were needed due to loss of taxation revenue as a result of reduced Casino revenue, and to meet financial sustainability targets in Councils Revenue Policy. |
Traffic Fine Revenue Sharing Portion of the SCI Funds
| Intended Use | Performance Targets | Progress made to first reporting period |
|---|---|---|
| Funding used to support police enforcement. | $26,958 has been set aside to minimize the RCMP tax rate increases in 2014. The remaining funds have been used to support integrated police units in the Greater Victoria Region. | Funds maintained
|
Report Date: June 26, 2014
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Extracted from: 2014 07 15 Council Agenda