Budgets & Financials

Understanding Park Board Budgets

Operating Budget

Each year the Vancouver Park Board receives a global budget from Vancouver City Council through the Vancouver city tax base. The operating budget provides for the day-to-day activities, programs and maintenance of our parks, community centres, beaches, street trees and many other facilities.

For 2010 the Board's gross operating expenditures are budgeted at $102.1 million and revenues from admissions, pay parking, concession sales and rental sources are budgeted at $42.1 million. The total amount budgeted to come from taxes, known as the Net Operating Budget, is $60.0 million.

• Dollars & Sense: general 2011 operating budget information

Public Information on the Operating Budget

Each year the Vancouver Park Board invites all city residents to share their ideas and suggestions on the services offered by the Board and for planning for the next year's operating budget. To provide background to residents on the breadth of our programs and facilities, an information package is prepared. The feedback received is provided to the Board and incorporated into the decision-making process for the following year's operating budget.

Previous years' information packages :

• 2010 Information Package
• 2009 Information Package
• 2008 Information Package
• 2007 Information Package
  

Capital Budget

Capital budgets are designed for expanding, upgrading and maintaining our current parks and facilities and for building new ones, such as playfields, pools, community centres and parks. Every three years the City of Vancouver prepares a capital plan which is put to voters during the civic election. In the 2008 November election, the public approved the 2009-2011 Park Board Capital Plan .

Each year the Board approves an annual capital budget, which outlines the projects to be undertaken that year from those approved in the 3-year capital plan. This annual capital budget is also approved by City Council. 2011 Park Board Capital Budget

For more information, please see the Park Board's Capital Plan page.

Financial Updates

To keep residents up-to-date on where the Park Board's money is being spent, we provide periodic updates on the Board's capital and operating budgets. As well, the Board's Services and Budgets Committee meets throughout the year to discuss financial issues (see the current year's Services and Budgets Committee Meeting Schedule)

Recent Financial Updates 

Operating Budget Updates	Capital Budget Updates
2011 Operating Budget 2010 Year End Operating Results 2010 Operating Budget Initial Report and Revised Report 2009 Year End Operating Results and Report	2010 Park Board Capital Budget 2009-2011 Park Board Capital Plan 2009 Park Board Capital Budget 2008 Park Board Capital Budget 2009 Park Board Capital Close

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