Most municipalities in Canada obtain their greatest sources of revenue from property taxation and fees for services, as is the case in the City of West Kelowna.
Taxes are collected from various classes of properties such as commercial, light industrial, major industrial and residential; and, the money is used to cover costs such things: the operation and maintenance of arenas, community centres, parks, roads, sidewalks and streetlights; staffing of services like bylaw enforcement, fire fighting and policing; and transferring funds to reserves for future capital (infrastructure), equipment and other costs.
(Click image to enlarge)
Fees for services are collected for such needs as curbside garbage, recycling and yard waste collection and maintaining, operating and upgrading sanitary sewer and water systems.
In addition to these services, the City of West Kelowna receives income from building and development permits, fines and penalties, interest and returns on investment; services provided to other municipalities; and grants from senior governments and agencies.
The 2017 to 2026 Financial Plan forecasts municipal revenues totalling $61.35 million in 2017:
Property taxes - $29.4 million
User and utility fees (garbage collection, sewer, water, etc.) - $14.45 million
Service fees (building, recreation, service agreements, etc.) - $13.6 million
Grants and transfers from other governments - $1.7 million
Other income (interest and returns on investment, fines collected, etc.) - $1.1 million
Payments from utility companies in lieu of taxes - $0.55 million
Transfers from reserves - $0.3 million
Property tax exemptions - $0.25 million
Borrowing - $0
The City of West Kelowna will also collect $21.5 million for other levels of government to support schools, hospitals and the programs and services of the Regional District of Central Okanagan, such as the Regional Waste Water Treatment Plant on Gellatly Road and the Residential Waste Disposal and Recycing Centre on Asquith Road.