Each year we are required to sit as members of the Audit Committee to hear a report from our external auditors concerning the financial statements for year end and the audit plan moving forward.
On Tuesday June 28th, Council had representatives from BDO Canada present the 2021 Audit as well as the 2021 financials. As always, our audit was a clean audit (meaning no financial irregularities of any kind); but even better than that, it was great to hear from our auditors that our Town is in such a strong financial position – our capital assets continue to grow as do our liquid assets which are at a very healthy $90 million.
We have continued to invest in our Town’s capital assets while at the same time maintaining a budget surplus and the extensive services our residents expect. An extraordinary demonstration of our collective efforts to build a secure, strong fiscal position for our community. Everyone from Staff to Council working together over this term, have done a tremendous job managing our financial resources; as a result, put our Town in a financial position that is the envy of many municipalities. All this while maintaining – over the course of this term of Council, the lowest 4 year tax rate in 20 years!!
This Council continued to make record investments in our community, improving the services that are provided and growing our community appropriately – from a new Gym to be built at the SARC to the new Town Square in our downtown. These are assets that will benefit our Town for generations. I’m proud of Council for continuing to push forward, bringing the future to the present all while remaining fiscally responsible.
Once again showing that this Council strives to provide the best services at the best possible price and will continue to do so as we move forward.
This doesn’t happen by accident, this happens because of the team working together for a positive future in or Town. That’s how you get things done