First Nations Tax Commission Commission de la fiscalité des premières nations The First Nations Tax Commission, pursuant to the First Nations Fiscal Management Act, hereby approves the following law made by the Osoyoos Indian Band in the Province of British Columbia, Osoyoos Indian Band Annual Expenditure Amending Law, 2019 Dated at Vancouver, British Columbia this 12th day of December, 2019. • On behalf of the First Nations Tax Commission C(Mboico. C.T. (Manny) J Chief Commissioner First ions Tax Commission
OSOYOOS INDIAN BAND ANNUAL EXPENDITURE AMENDING LAW, 2019 WHEREAS: A. Pursuant to section 5 of the First Nations Fiscal Management Act, the council of a first nation may make laws respecting taxation for local purposes of reserve lands and interests or rights in reserve lands, including laws authorizing the expenditure of local revenues; B. The Council of the First Nation has made a property assessment law and a property taxation law; C. Subsection 10(2) of the First Nations Fiscal Management Act requires a first nation that has made a property taxation law to, at least once each year, make a law establishing a budget for the expenditure of revenues raised under its property taxation laws; and D. The Council of the First Nation enacted the Osoyoos Indian Band Annual Expenditure Law, 2019 and now wishes to amend that law to authorize a new budget in the form attached to this Law. NOW THEREFORE the Council of the Osoyoos Indian Band duly enacts as follows: 1. This Law may be cited as the Osoyoos Indian Band Annual Expenditure Amending Law, 2019. 2. The Osoyoos Indian Band Annual Expenditure Law, 2019 is amended by deleting the Schedule to that law and replacing it with the Schedule attached to this Law. 3. Except where otherwise defined, words and expressions used in this Law have the meanings given to them in the Osoyoos Indian Band Annual Expenditure Law, 2019. 4. This Law cornes into force and effect on the day after it is approved by the First Nations Tax Commission. THIS LAW IS HEREBY DULY ENACTED by Council on the 25 day of November, 2019, at Oliver, in the Province of British Columbia. A quorum of Council consists of four (4) members of Council. Chief Clarence Louie Councilor Veronica McGinnis " ouncilor Leona Baptiste _ Councilor Sammy Louie ae S Councilor Justin Hall Councilor Nathan McGinnis illig 1
SCHEDULE ANNUAL BUDGET 2019 PART 1: REVENUES 1 Local revenues for current fiscal year: a. Property Tax Revenue TOTAL REVENUES PART 2: EXPENDITURES 1 General Government Expenditures a. Executive and Legislative b. General Administrative c. Other General Government 2 Protection Services a. Policing b. Firefighting c. Regulatory Measures d. Other Protective Services 3 Transportation a. Roads and Streets b. Snow and Ice Removal c. Other Transportation 4 Recreation and Cultural Services a. Recreation b. Culture c. Heritage Protection 5 Community Development c. Community Planning d. Economic Development Program g. Land Rehabilitation and Beautification h. Other Regional Planning Development 2 $ 2,798,956 $ 2,798,956 $ 100,000 440,450 70,000 160,000 360,000 3,000 2,000 198,600 50,000 24,500 406,000 41,700 75,000 75,000 25,000 30,000 295,000
6. Environment Health Services a. Water Purification and Supply b. Recycling c. Other Environmental Services 7. Other Services a. Health b. Education c. Other Services 8. Grants: a. Home owner grant equivalents: 9. Contingency Amounts TOTAL EXPENDITURES 2019 PART 3: ACCUMULATED SURPLUS/DEFICIT Accumulated Surplus — revenues carried forward from the previous budget year Accumulated Deficit — revenue expenditures carried forward from the previous budget year BALANCE 150,000 65,195 75,000 480,000 270,000 4,500 200,000 36,400 $ 3,637,345 $ 838,389 0 3
Appendix "A" Reserve Fund Balances 2019 OIB Capital Development Fund Beginning balance as of April 1, 2019 : $ 182,826 Transfers out i. Local Revenue Account Moneys borrowed Transfers in i. Local Revenue Account ii. Interest Earned 3,500 Moneys repaid Ending balance as of March 31, 2020: $ 186,326 OIB Contingency Reserve Fund Beginning balance as of April 1, 2019 : $ 259,571 Transfers out i. Local Revenue "Bus" Moneys borrowed Transfers in i. Local Revenue Account ii. Interest Earned 5,000 Moneys repaid Ending balance as of March 31, 2020: $ 264,571 4
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.