Budget 2022: Water Operations

Gibsons’ water infrastructure includes the pipes, pumps, wells, reservoirs and meters that move water from the environment to your tap, as well as the Gibsons Aquifer, which stores and provides the Town’s naturally pure groundwater. The Sunshine Coast Regional District supplements this water resource during peak demand times and for fire flow, if necessary.

2021 Revenue

Total operating revenue is budgeted to be $1,829,982, an increase of $25,195 over 2020.

The increase is related to two factors:

  1. Additional taxes/user fees as more properties are connected to the Town’s water system throughout the year.
  2. A 5% increase in parcel taxes and user fees, which is made up of a 2% cost of living increase and a 3% asset replacement increase.

Each year, the Town’s water rates are reviewed to ensure they reflect all current and future costs associated with the Town’s water infrastructure. Based on this review, Gibsons’ Council approved an overall increase of 5% in the Town’s water rates in the 2021 budget. Higher rates help ensure the Town has the funds it needs to continue delivering reliable water services for the long-term.

2021 Expenses

Total operating expenses are budgeted to be $1,447,981, a decrease of $221,037 over 2020.

The decrease is largely related to a reduced transfer to reserves as compared to last year.

Net Surplus

With total budgeted revenues of $1,829,982 and total expenses budgeted at $1,447,981, a net surplus of $382,000 has been forecast. This surplus will be used to fund the current year capital and projects program.

To learn more about the 2021 Preliminary Water Operating Budget, please click here.

To view a PowerPoint presentation on the Long-Term Financial Plan for our Water Infrastructure, please click here.

To view the Water Fund 2021 Preliminary Budget, please click here.

Capital and Projects Program

For 2021, $1.472 million has been budgeted for water projects, with $795,000 of that related to adding Well #6 to the Town’s water infrastructure. Other planned projects include a watermain replacement at McCall Road, replacement of the water vending machine in Lower Gibsons and updating the Aquifer Mapping Study.

To view a complete spreadsheet of planned 2021 Water Projects, please click here.

To view a complete spreadsheet of planned Water Projects 2021 – 2025, please click here.