Mayor’s report on the financial situation of the municipality

In compliance with the Cities and Towns Act, I am pleased to report on the financial position of the Town of Kirkland.  

Financial results as at December 31, 2021

The financial statements have been audited by the accounting firm of BCGO, who confirmed that they provide a true picture of the financial situation of the municipality for the fiscal year ended December 31, 2021, 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.  The 2021 financial report was tabled at the Council sitting of May 2, 2022, along with the unqualified reports of the external auditor.

For the year 2021, revenues from the municipality’s financial activities amounted to $66,447,000 while expenditures and net appropriations totaled $62,352,000. The Town therefore ended the year 2021 with a surplus of $4,095,000 arising mainly from tax adjustments in the non-residential immovable category, an agreement under the REM public transit project, as well as from business and transfer taxes and government subsidies.

Major Capital Works and Special Projects

In 2021, investment projects totaling $6,283,078 were completed, including:

• Reconstruction of the road infrastructure on the following streets: Mohawks, Acres, Jacques-Chan and Merineau, as part of the annual street repaving program;
• Construction of a retention basin and storm sewer network;
• Purchase of two dump trucks;
• Purchase of gas-fueled and electric vehicles;
• Purchase of street lamp poles;
• Installation of electric charging stations.

And I have signed in Kirkland, this 13th day of June, 2022.

Michel Gibson
Mayor of the Town of Kirkland