Financial Profile

Mayor’s report on the financial situation of the municipality

In compliance with Section 474.1 of the Cities and Towns Act, it gives me great pleasure to report on the financial position of the Town of Kirkland. 

 

Financial results as at December 31, 2017

The financial statements have been audited by the accounting firm of Goudreau Poirier Inc., who confirmed that they portray a true picture of the financial situation of the municipality for the fiscal year ended December 31, 2017, and reflect accurate results of the operations, variation of net financial assets (net debt) and cash flow for the year then ended, in accordance with Canadian accounting standards for the public sector.

For the year 2017, the operating expenditures amounted to $57,485,000 on a budget of $57,890,000, while actual revenues from all sources totaled $58,847,700. The Town therefore ended the year 2017 with a surplus of $1,362,700 mainly arising from business and transfer taxes and from government subsidies.

 

Major Capital Works and Special projects

In 2017, major capital works and special projects totaling $ 11,388,000 were completed, including:

  • Reconstruction of the road infrastructure on Argyle, Mountainview, Evans and Van Every Streets, as well as on Kirkland Boulevard South and Brunswick Boulevard East, phase 1, as part of the annual street repaving program;
  • Repaving of park walkways and installation of new playground structures and equipment in various parks;
  • Replacement of the Arena’s refrigeration system at the Sports Complex;
  • Rehabilitation of Dragon Park;
  • Reconstruction of the tennis and basketball courts at Ecclestone and Kirkland Parks;
  • Reconstruction of the synthetic playing field at des Bénévoles Park;
  • Rehabilitation of a water main by structural lining (chemin Sainte-Marie, between Jean-Yves and l’Anse-à-l’Orme Streets);
  • Purchase of electric vehicles and heavy equipment.

 
And I have signed in Kirkland, this 11th day of June, 2018.  

Michel Gibson
Mayor of the Town of Kirkland