Funding and Governance
BC Transit Governance
The corporation is governed by a seven-member Board of Directors appointed by the Province according to criteria specified in the British Columbia Transit Act. The Act requires four of the board members to be locally-elected representatives. The Board of Directors, through the Chair, reports to the Minister of Transportation and Infrastructure (designated as the Minister responsible for BC Transit). The Board is governed according to the Province of B.C.'s Best Practices Guidelines Governance and Disclosure Guidelines for Governing Boards of B.C. Public Sector Organizations.
Victoria Regional Transit System
The Victoria Regional Transit System is governed by the Victoria Regional Transit Commission (the Commission). It consists of a minimum of seven members (five locally elected mayors and two councillors) who are appointed according to the British Columbia Transit Act.
The Commission sets routes, service levels, fares and local taxes for transit purposes. It reviews and is responsible for raising the local share of the annual cost of transit in the region. Funding regulations for the Victoria Regional Transit System are described in the British Columbia Transit Regulation and the Motor Fuel Tax Act.
Regional Transit Systems
BC Transit works in partnership with 59 local governments. In most communities, the local BC Transit service is provided through a partnership between BC Transit, local government and a contracted transit operating company. Regional transit system service levels and budgets are approved each year by local government, who also set fares and local property taxes to pay their contribution of transit costs. This partnership is formalized through series of agreements: a Transit Service Area Agreement, Master Operating Agreement (MOA) and an Annual Operating Agreement (AOA). The AOA is renewed on an annual basis.
The selection of the transit operating company is conducted through a public Request For Proposal process. Final agreements are for a nine-year term with the option to extend a contract for two successive three-year terms. The exceptions to this process are systems operated by public organizations (Regional District of Nanaimo, City of Nelson, District of Powell River and the Sunshine Coast Regional District), and non-profit societies where the annual contract value falls below a specified threshold.