Providing Municipal-Like Services to UNA Residents

The annual Services Levy is deposited into the Neighbours’ Fund, which is a separate fund within UBC finances. The UNA Annual Operating Budget receives funds from the Neighbours’ Fund to provide municipal-like services to the residents of the UNA.The Neighbours’ Fund is made up of the annual Services Levies collected from UNA homeowners and the Reserves. The Reserves receive annual contributions from the operating budget as well as surpluses from prior years. There are four Reserve Funds within the Neighbours’ Fund:

  • Infrastructure Replacement (used for streets, water, and lights)
  • Capital (used for replacement of the community centre building and play equipment in UNA parks)
  • Rate Stabilization (to guard against unforeseen changes in the City of Vancouver tax rates)
  • Contingency (to provide for unanticipated annual financial needs)