Acts and Regulations

2012, c.37 - Regional Service Delivery Act

Section 27
Disposition versions

Full text
Annual budget
27(1)In accordance with the regulations, a Board shall prepare and adopt for each fiscal year
(a) an operating budget, and
(b) a capital budget.
27(2)A motion made at a meeting of a Board to approve a budget referred to in subsection (1) shall not pass unless at least two-thirds of the voting members present, who represent at least 51% of the total population represented by all the voting members present, vote in favour.
27(3) In respect of the fiscal year for which it is prepared, a budget shall set out the estimated revenue and expenditures for each service provided by a Commission and for any other activity carried out by a Commission for the purpose of fulfilling its mandate, in the detail and in the form that the Minister requires.
27(4)A Commission shall make provision for revenues so as to produce an annually balanced budget with respect to each service provided and activity carried out by the Commission.
27(5)If the proceeds from the operation of generation facilities operated by a Commission are insufficient to produce a balanced budget as provided for under subsection (4), the Commission may make, by resolution of the Commission, a charge against the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission.
27(6)If a Commission operates a generation facility, the Commission may transfer some or all of any audited surplus of the generation facility fund to the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission, by resolution of the Commission, commencing with the second next ensuing year.
27(7)If a Commission has a deficit with respect to a service or activity at the end of its fiscal year, the Commission shall cause the deficit to be debited against the Commission’s budget with respect to that service or activity for the second next ensuing year.
27(8)If a Commission has a surplus with respect to a service or activity at the end of its fiscal year, the Commission shall cause the surplus to be credited to the Commission’s budget with respect to that service or activity for the second next ensuing year.
27(9)A Commission may establish and manage, in accordance with the regulations, reserve funds in relation to a service it provides or in relation to an activity it carries out.
2021, c.44, s.6
Annual budget
27(1)In accordance with the regulations, a Board shall prepare and adopt for each fiscal year
(a) an operating budget, and
(b) a capital budget.
27(2)Any motion made at a meeting of a Board to approve a budget referred to in subsection (1) shall not pass unless at least two-thirds of the members present, who represent at least two-thirds of the total population represented by all the members present, vote in favour.
27(3)A budget shall set out, in the detail and in the form that the Minister requires, the estimated revenue and expenditures for each service provided by a Commission in respect of the financial year for which that budget is prepared.
27(4)A Commission shall make provision for revenues so as to produce an annually balanced budget with respect to each service provided by the Commission.
27(5)If the proceeds from the operation of generation facilities operated by a Commission are insufficient to produce a balanced budget as provided for under subsection (4), the Commission may make, by resolution of the Commission, a charge against the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission.
27(6)If a Commission operates a generation facility, the Commission may transfer some or all of any audited surplus of the generation facility fund to the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission, by resolution of the Commission, commencing with the second next ensuing year.
27(7)If a Commission has a deficit with respect to a service at the end of its fiscal year, the Commission shall cause the deficit to be debited against the Commission’s budget with respect to that service for the second next ensuing year.
27(8)If a Commission has a surplus with respect to a service at the end of its fiscal year, the Commission shall cause the surplus to be credited to the Commission’s budget with respect to that service for the second next ensuing year.
27(9)A Commission may establish and manage, in accordance with the regulations, reserve funds in relation to a service it provides.
Annual budget
27(1)In accordance with the regulations, a Board shall prepare and adopt for each fiscal year
(a) an operating budget, and
(b) a capital budget.
27(2)Any motion made at a meeting of a Board to approve a budget referred to in subsection (1) shall not pass unless at least two-thirds of the members present, who represent at least two-thirds of the total population represented by all the members present, vote in favour.
27(3)A budget shall set out, in the detail and in the form that the Minister requires, the estimated revenue and expenditures for each service provided by a Commission in respect of the financial year for which that budget is prepared.
27(4)A Commission shall make provision for revenues so as to produce an annually balanced budget with respect to each service provided by the Commission.
27(5)If the proceeds from the operation of generation facilities operated by a Commission are insufficient to produce a balanced budget as provided for under subsection (4), the Commission may make, by resolution of the Commission, a charge against the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission.
27(6)If a Commission operates a generation facility, the Commission may transfer some or all of any audited surplus of the generation facility fund to the operating fund of the solid waste disposal service and, if applicable, a solid waste collection service provided by the Commission, by resolution of the Commission, commencing with the second next ensuing year.
27(7)If a Commission has a deficit with respect to a service at the end of its fiscal year, the Commission shall cause the deficit to be debited against the Commission’s budget with respect to that service for the second next ensuing year.
27(8)If a Commission has a surplus with respect to a service at the end of its fiscal year, the Commission shall cause the surplus to be credited to the Commission’s budget with respect to that service for the second next ensuing year.
27(9)A Commission may establish and manage, in accordance with the regulations, reserve funds in relation to a service it provides.