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  • Create Date February 5, 2013
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This Service Plan for the coming fiscal year describes the expected activities of the Commission in order to meet its mandate of regulating ferry fares and service levels, making certain special decisions, and carrying out public outreach and administrative responsibilities. In addition, it describes the expected activities of a result of the one-year delay in finalizing the price caps for the next performance term which starts on April 1, 2012 and ends on March 31, 2016. Price caps for the first year of the next performance term have been legislated at 4.15% for all routes. The Commission expects to finalize price caps for the balance of the next performance term by September 30, 2012. The Service Plan and the Budget for 2012/13 does not include any new responsibilities that may result from the review of the Coastal Ferry Act currently being conducted by the Commission. Under Bill 14 recommendations are to be submitted by the Commission to the Minister of Transportation and Infrastructure by January 24, 2012. The Service Plan is used to estimate expenditures for the year (see Table 1). Total expenditures for 2012/13 are budgeted at $556,238. This total is 80% of the maximum permitted for the Commission's expenditure budget as set out under the Coastal Ferry Act1.

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