2025 Surplus Allocation

That Council: 1. Approve the allocation of the 2025 operating surplus as follows: A. General Fund a. Special Initiatives Reserve 5,475,135 b. RCMP Contract Reserve 4,015,860 c. Property Acquisition Reserve 1,700,000 d. Snow and Ice Control Reserve 257,000 Total $ 11,447,995 B. Sewer Fund a. Sewer Reserve $ 340,938 C. Water Fund a. Water Reserve $ 1,592,953 2. Amend the 2026 – 2030 Financial Plan to include the following: A. A $149,900 grant to the Children’s Health Foundation of Vancouver Island in 2026 to support the Home Away from Home project, funded from the Special Initiatives Reserve. B. An ongoing annual allocation of $250,000 for all five years of the Financial Plan to support DCC Waivers and Reductions provided for non-market (affordable) housing units, with the 2026 amount funded from the Special Initiatives Reserve.