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- Create Date February 5, 2015
- Last Updated February 5, 2021
This Service Plan and Budget for the next fiscal year ending on March 31, 2015 (“FY 2015”)describes the expected activities of the Commission in order to meet its mandate of regulating ferry operators making certain special decisions, and carrying out public outreach and administrative responsibilities. Total expenditures for FY 2015 are budgeted at $795,000 which is 85% of the maximum permitted for the Commission's budget under s.59(2) of Coastal Ferry Act1. The budget for FY 2015 is higher than the budget of $667,000 for the previous year as it reflects activity associated with the price cap review for the fourth performance term commencing on April 1, 2016. Additional activity is budgeted for two performance reviews and approval of two applications for approval of a major capital expenditure. No activity is anticipated for regulation of unfair competitive advantage or for initiating any Alternative Service Provider process.
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