Gwaii Trust Society
Program Budget 2006/2007

IMPORTANT NOTE TO READERS

The 2006-2010 Gwaii Trust Business Plan details the eight funding programs that will receive budgetary allocations over the next five year plan.  Budgets will be developed annually by the Gwaii Trust’s Board to accommodate any fluctuations in fund performance, and to provide for inflation proofing based on the average rate for Canada as a whole. At the onset of the new plan, the Board intends to utilise $5 million of the $9.3 million retained funds (the retained funds are defined as the difference between the inflation proofed value of the perpetual investment fund and the book value of the fund at fiscal year-end) for distribution amongst the eight funding programs. A further $3 million will be kept separate as the estimated cost of running the Gwaii Trust for one year in case of any unforeseen emergency.

 

Program Budget 2002/2003
Budget
Administration $ 600,000
Major Contributions Program 1,500,000
Legacy Program 350,000
Travel Assistance Program 100,000
Education Fund (Program
High school Scholarships 40,000
Post-Secondary Ed. Grants 130,000
Mature Students Bursary 100,000
Special Education Initiatives 100,000
Culture as it Relates to Tourism 350,000
Christmas Allocation 60,000
Arts Fund 70,000
Healthy Humans Fund 300,000
Haida Parity Program 840,000
Contingency Funds 150,000
Sub-total $ 4,690,000
Inflation Protection (2.5%) approx.
Total $ 4,690,000



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