Services Levy & The UNA’s Operating Budget
The Services Levy residents pay to UBC is administered by the UNA to provide municipal-like services and to maintain municipal-like reserves on residents’ behalf. The UNA Board of Directors prepares its annual budget before the Services Levy is collected. The UNA Financial Budget includes the Operating Budget and Capital Budget. The Operating Budget covers day-to-day operations that keep the UNA services running smoothly. Approximately 90% of the collected services levy contributes to the UNA Operating Budget.
The remaining will be allocated to Reserves, and to cover the cost of collecting the Services Levy and administering the Neighbours’ Fund. The UNA also generate revenues from its programs and services.