What is the difference between the operating budget and the capital budget?

The operating budget covers ongoing operating expenses of the City and the capital budget covers long-term investment in infrastructure.

Operating budget

The operating budget includes all anticipated expenditures and revenues related to the ongoing operations of the City. Expenditures include salaries, goods, services, and transfers to reserves. Revenues include property tax and user fees. The shortfall between expenditures and non-tax revenues results in the portion that must be raised by property taxes.

Capital budget

The capital budget includes money spent on building, buying or improving capital infrastructure such as roads, buildings, vehicles and major equipment.

Show All Answers

1. What impact will the 2019 budget have on homeowners?
2. Was there any public input in the preparation of this budget?
3. What is the business planning & budget process?
4. What is the difference between the operating budget and the capital budget?
5. Besides property taxes, what other sources of funding does the City have?
6. How do Revelstoke’s property taxes compare with other nearby municipalities?
7. What is the annual operating budget for the City?
8. How is the operating budget funded?
9. What’s new in the 2019 budget?
10. Why is the property tax increase more than the Consumer Price Index?
11. Why does the City need a tax increase?
12. What does the City do to control or reduce costs?
13. Will next year’s tax increase be lower?
14. With all the growth, why do we need a tax increase?