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Statement of Development Cost Charges (DCCs)
July 2, 2024Page 1091 section
A report tracking the balance, collection, and expenditure of development cost charges for drainage, highways, parks, and sewer infrastructure.
Total DCC balance as of December 31, 2023: $9,466,742Interest earned on DCCs: $393,408
Town of View Royal
Statement of Development Cost Charges (DCCs)
As at December 31, 2023
| Balance January 1 | Transferred to Projects | DCCs Received | Interest Earned | Balance December 31 | |
|---|---|---|---|---|---|
| Drainage DCCs | $ 1,350,651 | $ - | $ 74,679 | $ 72,268 | $ 1,497,598 |
| Highways DCCs | 2,090,251 | 199,709 | 927,666 | 128,593 | 2,946,801 |
| Park Improvement DCCs | 597,192 | 21,728 | 447,837 | 41,178 | 1,064,479 |
| Park Land DCCs | 916,076 | - | 745,731 | 64,878 | 1,726,685 |
| Sewer DCCs | 1,268,231 | 3,649 | 880,106 | 86,491 | 2,231,179 |
| Total | $ 6,222,401 | $ 225,086 | $ 3,076,019 | $ 393,408 | $ 9,466,742 |
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Extracted from: 2024 07 02 Council Agenda - Agenda - Pdf