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 Law, 2019 Dated at Calgary, Alberta this 30th day of May, 2019. On behalf of the First Nations Tax Commission i r 6, • C.T. (Man I ules — Chief Commissioner Firs t Nations Tax Commission
OSOYOOS INDIAN BAND ANNUAL EXPENDITURE 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 or a law under paragraph 5(1)(a.1) to make, at least once each year, a law establishing a budget for the expenditure of revenues raised under those laws; and D. The Council of the First Nation wishes to establish an annual budget for the expenditure of revenues raised in the current taxation year, and wishes to authorize expenditures made in accordance with section 13.1 of the Act; 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 Law, 2019. 2. In this Law: "Act" means the First Nations Fiscal Management Act, S.C. 2005, c. 9, and the regulations made under that Act; "annual budget" means a budget setting out the projected local revenues and projected expenditures of those local revenues during a budget year, and setting out expenditures made in accordance with section 13.1 of the Act; "Assessment Law" means the Osoyoos Indian Band Property Assessment Law, 2009; "Council" has the meaning given to that term in the Act; "First Nation" means the Osoyoos Indian Band, being a band named in the schedule to the Act; "Law" means this annual expenditure law enacted under paragraph 5(1)(b) of the Act as required by subsection 10(2) of the Act; "local revenues" means money raised by the First Nation under a local revenue law and payments made to a First Nation in lieu of a tax imposed by a law made under paragraph 5(1)(a) of the Act; "property taxation law" means a law enacted by the First Nation under paragraph 5(1)(a) of the Act; and "Taxation Law" means the Osoyoos Indian Band Property Taxation Law, 2012. 3. The First Nation's annual budget for the budget year beginning April 1, 2019, and ending March 31, 2020, is attached as a Schedule and the expenditures provided for in the Schedule are authorized. 4. Expenditures of local revenues must be made only in accordance with the annual budget or in accordance with section 13.1 of the Act. 5. The expenditures made in the current year before this Law is enacted are included in the annual budget and are authorized by this Law. 6. Where the First Nation wishes to authorize an expenditure not authorized in this Law, or change the amount of an expenditure authorized, Council must amend this Law in accordance with Council procedure and the requirements of the Act. 1
7. The grant amounts set out in the annual budget are hereby approved as expenditures in accordance with the Taxation Law. 8. This Law authorizes the expenditure of contingency amounts as necessary within any of the categories of expenditures set out in the Schedule. 9. Except where otherwise defined, words and expressions used in this Law have the meanings given to them in the Assessment Law and the Taxation Law. 10. Where a provision in this Law is expressed in the present tense, the provision applies to the circumstances as they arise. 11. This Law must be construed as being remedial and must be given such fair, large and liberal construction and interpretation as best ensures the attainment of its objectives. 12.(1) The Schedule attached to this Law, including any Appendices, forms part of and is an integral part of this Law. (2) A reference to the Schedule is a reference to the Schedule to this Law. 13. This Law comes 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 28 day of May, 2019, at Oliver, in the Province of British Columbia. A quorum of Council consists of four (4) members of Council. Chief Clarence Louie Councillor Veronica McGinnis c Councillor Leona Baptiste Councillor Sammy Louie ncillor Justin Hall Councillor Nathan McGinnis 14.14p ,./ ,-------- 2
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 $ 2,798,956 $ 2,798,956 $ 100,000 440,450 70,000 160,000 360,000 3,000 2,000 198,600 50,000 24,500 365,500 41,700 75,000 40,000 3
d. Economic Development Program g. Land Rehabilitation and Beautification h. Other Regional Planning Development 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 25,000 30,000 350,000 150,000 65,195 280,000 265,000 250,000 55,000 200,000 36,400 $ 3,637,345 $ 838,389 0 4
Appendix "A" Reserve Fund Balances 2019 O1B 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 Contineencv 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 5
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