First Nations Tax Commission Commission de la fiscalite des premieres 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, 2020 Dated at Kamloops, British Columbia this 16th day of September, 2020. On behalf of the First Nations Tax Commission C.T. (Ma ny) ules - Chief Commissioner irst Nations Tax Commission
OSOYOOS INDIAN BAND ANNUAL EXPENDITURE AMENDING LAW, 2020 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, 2020 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, 2020. 2. The Osoyoos Indian Band Annual Expenditure Law, 2020 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, 2020. 4. 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 19 day of August, 2020, 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 Councillor Leona Baptiste Councillor Sammy Louie Councillor Justin Hall Councillor Nathan McGinnis
SCHEDULE ANNUAL BUDGET 2020 PART 1: REVENUES I Local revenues for current fiscal year: a. Property Tax Revenue TOTAL REVENUES PART 2: EXPENDITURES I General Government Expenditures a. Executive and Legislative b. General Administrative c. Other General Government 2 Protection Services a. Policing b. Firefighting c. Regulatory Measures 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 $ 3,070,624 $ 3,070,624 $ 200,000 531,450 71,300 47,000 350,000 4,000 248,600 50,000 92,000 321,000 82,200 75,000 90,000 25,000 30,000 215,000 2
6. Environment Health Services a. Water Purification and Supply b. Recycling c. Other Environmental Services 7. Other Services a. Health c. Other Services d. Education 8. Grants: a. Home owner grant equivalents: 9. Contingency Amounts TOTAL EXPENDITURES 2020 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 Note: The First Nation has the following service agreements with third party service providers and the amounts indicated are the amounts payable by the First Nation under each agreement during the budget year: a. BC Assessment b. Town of Oliver-Fire Protection c. Town ofOsoyoos -Fire Protection d. Recreation-Oliver Parks & Rec e. RDOS Library f. Recycling - SO Lands Irrigation District 150,000 64,907 35,000 30,000 30,000 60,000 220,000 48,399 $ 3,070,856 $ 232 0 $ 55,000 $ 150,000 $ 200,000 $ 100,000 $ 7,200 $ 64,907 3
Appendix "A" Reserve Fund Balances 2020 O1B Capital Development Fund Beginning balance as of April I, 2020 : $ 186,433 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, 2021: $ 189,933 O1B Contingency Reserve Fund Beginning balance as of April 1, 2020 : $ 264,608 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, 2021: $ 269,608 4
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