Financial Profile

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, 2018

The financial statements have been audited by the accounting firm of Goudreau Poirier Inc., who confirmed that they provide a true picture of the financial situation of the municipality for the fiscal year ended December 31, 2018, 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 2018, revenues from the municipality’s financial activities amounted to $61,004,000 while expenditures and net appropriations totaled $59,652,000.  The Town therefore ended the year 2018 with a surplus of $1,352,000 arising mainly from transfer taxes and government subsidies.

 

Major Capital Works and Special projects

In 2018, investment projects totaling $ 10,436,000 were completed, including:

  • Reconstruction of the road infrastructure on the following streets and boulevards: Argyle, Brunswick East-phase 1, Daniel, Hedgerow, Hymus, Kirkland South, Labrèche and Pearson, as part of the annual street repaving program;
  • Repaving of park walkways, rehabilitation of playground areas and installation of new play structures;
  • Final phase of the project to replace the Arena’s refrigeration system at the Sports Complex;
  • Reconstruction of the tennis and basketball courts at Heritage, Ecclestone and Kirkland Parks;
  • Rehabilitation of a water main by structural lining and roadway resurfacing on Viger, Michel, Harold and Summerhill Streets;
  • Purchase of electric vehicles, of a mechanical sweeper and other heavy equipment;
  • Purchase of street lamp poles and replacement of gas tanks at the Municipal Garage.

 

The financial report for the year ended December 31, 2018 is available on the Town’s website at www.ville.kirkland.qc.ca.

And I have signed in Kirkland, this 4th day of June, 2019.   

Michel Gibson
Mayor of the Town of Kirkland