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January 08, 2016 - 11:06 AM
WEST KELOWNA - City of West Kelowna residents are reminded that, effective January 1, 2016, a late payment charge of 1% per month (compounded monthly, 12.68% per annum) will be charged on all utilities (sanitary sewer, water, and solid waste and recycling) and financial services fees.
These fees have been put in place to encourage users to pay outstanding balances in a timely manner.
This late payment charge is expected to improve collection on accounts and create a more regular and predictable cash flow for the City of West Kelowna.
Any unpaid balances on utility accounts as of December 31 of each year will be transferred to property taxes and are considered in arrears, incurring interest at the government prescribed rate of interest (current rate of 5.7%).
The city will also no longer charge theRegional District of Central Okanagan Solid Waste and Recycling Program Fees on quarterly utility bills and will add them as a parcel tax to all residential properties within the city.
For more information, please contact the City of West Kelowna’s Utility Billing Department at 778-797-8850.
News from © iNFOnews, 2016