Village receives first dividends from NACFOR

The Nakusp and Area Community Forest gave its first dividends since its creation in 2008.

The village of Nakusp has received its first dividend cheque from the Nakusp and Area Community Forest (NACFOR).

The community forest began in 2008, and the village is the only shareholder in the company.

The village was recently presented with a cheque representing the dividends from 2013, in the amount of $582,064.

NACFOR and the village will be sitting down to discuss priorities for the village, and will determine how the money will go out.

“This money will be put in a legacy fund created by the village,” said mayor Karen Hamling. “It’s not going to little tiny projects, it will go to something that will help the community as a whole.”

It took five years for NACFOR to present a cheque because the company wanted to build up a reserve fund. Once that fund was built up, the dividend was presented to the village.

There was no dividend cheque in 2014, because the company’s costs exceeded its income.

With the company, income can vary from year to year. One year, they might not do a lot of logging, but they still have management and maintenance costs.

“We logged a lot in 2013, so we made quite a bit of money, but in 2014, we had to do a lot of field work to replace the volume and we didn’t log as much, so we didn’t make as much,” said Kathy Smith, president of NACFOR.

No decision has been made on what the funding will go toward, but the village is in the process of creating a strategic plan, with priorities on the next four years on where it would like to work within the community. The plan and priorities will be taken into consideration, along with a discussion with the board members of NACFOR to see if there are other priorities that can be offered up.

 

Just Posted

What’s Up: Things to see and do on Family Day

There’s plenty of fun to be had across the West Kootenay this coming long weekend!

Call a foul on cancer with the Pink Whistle Campaign

Local basketball referees are raising money for cancer research

Man found dead identified as Andreas Pittinger

Pittinger was known locally for hosting a radio show

Biologists discover another female calf in depleted South Purcell Mountain Caribou herd

Calf will be moved to Revelstoke maternity pens, then released

Man seriously hurt after police shooting near Nelson

Incident has been reported to provincial police watchdog

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

Lost a ring? This B.C. man will find it for you

Chris Turner founded The Ring Finders, an international directory of metal detector hobbyists

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

East Kootenay mine deaths prompt safety initiatives

Teck produces educational video, introduces new procedures after contractor drowns at Fording River

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Canadian airlines waiting for guidance from Ottawa over X gender option

Major U.S. airlines said they will change their process so passengers can identify themselves along non-binary lines

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

‘Violent’ B.C. man wanted on Canada-wide warrant

Prince George man with ties to Vernon sought by police

Most Read