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Coldstream briefs: Kal Pier and financial update

Coldstream has a 706 per cent surplus in funds so far this year
Kal Beach Pier is one of the most recognizable tourist attractions in the Okanagan, being featured in several promotional adverts. The dock will undergo reconstruction in 2024, with the district awarding the contract. (Kalamalkalake Photo).

Coldstream’s council meeting on Monday, Aug. 14 brought about several discussion points, chief among them a financial update to the 2023 year.

Financial update

Council was provided with a financial update of the 2023 year, as of June 30.

An operations budget, projected to be at a $1,234,154 surplus, was blown past already this year, by 706 per cent ($8,720,068). Chiefly, Coldstream was given more than $4 million in confidential grants, much higher than the $1.4 million budgeted for it.

In the capital projects financial section, a budget of $2,228,000 has been set for road resurfacing, but just $16,030 of it has been spent so far.

Only $508 of the $10,000 budgeted towards bike and pedestrian path assessment has been utilized.

In total, $2,507,455 has been spent on capital projects, to a budget of $9,214,787 so far this year.


Construction value is up so far this year in Coldstream, by a massive margin. Despite increasing the housing units by only one, the value of the developments are at $8,865,712, up from just $1,450,000 a year ago.

The total construction value for the first seven months of 2023 is $44,720,838, compared to $32,875,351 for all of 2022.

New Kal Beach pier

Council has awarded the reconstruction of the pier at Kalamalka Beach to Burton Marine Pile Driving for $516,416. Construction is expected to take place in the spring of 2024.

New Vernon Fire Rescue agreement

The approval of a new Hazardous Materials Response Agreement was consummated between Vernon and Coldstream. This agreement allows Vernon Fire Rescue Services to provide an ammonia/chlorine/sulphur dioxide hazardous materials response for Coldstream for a four year period, until Aug. 14, 2028.

The full council meeting minutes can be found at

READ MORE: Questions dive into Vernon recreation funding dilemma

READ MORE: Algae bloom warnings continue for North Okanagan water customers


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Bowen Assman

About the Author: Bowen Assman

I joined The Morning Star team in January 2023 as a reporter. Before that, I spent 10 months covering sports in Kelowna.
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