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 situation of the Town of Kirkland.

Financial results as at December 31, 2022

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, 2022 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 2022 financial report was tabled at the Council sitting of May 1, 2023, along with the unqualified reports of the external auditor.

For the year 2022, revenues from the municipality’s financial activities amounted to $138,915,000 while expenditures and net appropriations totaled $72,245,000. The Town therefore ended the year 2022 with a surplus of $66,670,000 derived mainly from the sale of municipal land in the northwest sector of the city, as well as from transfer taxes and government subsidies. An earmarked surplus of $61,000,000 for municipal infrastructure has been created to finance future major projects.

Major Capital Works and Special Projects

In 2022, investment projects totaling $11,666,000 were completed, including:
 Reconstruction of the road infrastructure on Larochelle and Gingerwood Streets, as part of the annual street repaving program;
 Restoration work at the Lantier House;
 Construction of a retention basin and storm sewer system;
 Reconstruction of a tennis court at Canvin Park;
 Annual purchase and installation of street lighting poles for LED conversion;
 Purchase of one 6-wheel truck, two tractors and two vehicles.

The financial report for the year ended December 31, 2022 is available on the Town’s website at www.ville.kirkland.qc.ca.

And I have signed in Kirkland, this 5th day of June, 2023.

Michel Gibson
Mayor of the Town of Kirkland