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  • Create Date February 5, 2017
  • Last Updated February 5, 2021

This Service Plan and Budget for the next fiscal year ending on March 31, 2017 (“FY 2017”) describes the anticipated activities of the Commission in order to meet its mandate of regulating ferry operators, making certain special decisions, conducting performance reviews and carrying out public outreach and administrative responsibilities. Total expenditures for FY 2017 are budgeted at $837,250 which is 80% of the maximum permitted for the Commission's budget under s.59(2) of Coastal Ferry Act1. The budget for FY 2017 is slightly lower than the budget for FY 2016 as FY 2017 reflects no activity associated with the price cap review for the fourth performance term (“PT4”) commencing on April 1, 2016. The price cap review for PT4 was completed in FY 2016. Activity is budgeted for three performance reviews and four applications for approval of a major capital expenditure including the replacement of up to five vessels for the minor routes, the Langdale Terminal development plan and the Fleet Maintenance Unit development plan.

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