Administration
Budget and Financial Reports
In accordance with the provisions of Article 176.2.2 of the Municipal Code of Quebec, during the regular council meeting on August 12, 2024, I reported on the highlights of the financial report and the report of the independent auditor for the fiscal year ending on December 31, 2023, as audited by the certified professional accounting firm BCGO s.e.n.c.r.l.
Following the completion of their mandate, the auditor, in their report as an independent auditor, is of the opinion that the financial statements, in all significant aspects, fairly represent the financial position of the Municipality of Hinchinbrooke as of December 31, 2023.
Financial Report
2023 Financial Report
The 2023 financial report indicates:
Operating income: | $3,116,916 |
Charges: | $2,822,117 |
Reconciliation for tax purposes: | $424,009 |
Cost of properties intended for resale: | $100 |
Long-term debt repayment: | ($41,700) |
Conditions: | ($258,914) |
Operating surplus for the financial year for tax purposes as audited by the independent auditor: | $418,294 |
REMUNERATION OF ELECTED OFFICIALS:
In accordance with article 11 of the law on the treatment of municipal elected officials (LTEM), the clerk-treasurer of a local municipality whose by-law on remuneration is in force must disclose in the financial report of the local municipality the remuneration and the allocation of expenses paid to elected officials in 2023 for all of their functions carried out on the local municipal council.
Mayor: $12,150
Advisors: $24,607.50
2022 Financial Report
The 2022 financial report indicates operating revenues of $2,725,284 and operating expenses of $2,516,921. The allocations are as follows:
- Depreciation of tangible assets: $382,710
- Long-term financing: ($40,400)
- Investment activities: ($607,757)
- Accumulated surplus (deficit): ($190,245)
- Total: ($455,692)
The financial year results in an operating deficit for tax purposes of $247,329, as audited by the external auditor.
Remuneration of Elected Officials
In accordance with Article 11 of the Municipal Elected Officials Remuneration Act (LTEM), the Clerk-Treasurer of a local municipality with a regulation on remuneration in force must disclose in the financial report of the local municipality the remuneration and expense allowance paid to elected officials in 2022 for all their functions performed at the local municipal council.
- Mayor/Mayoress: $11,091
- Councillors: $23,148
2021 Financial Report
The 2021 financial report indicates revenues of $2,576,557, expenses of $2,197,740, with allocations totalling $379,260, resulting in an operating surplus for tax purposes of $758,077, as audited by the external auditor.
Remuneration of Elected Officials
In accordance with Article 11 of the Municipal Elected Officials Remuneration Act (LTEM), the Secretary-Treasurer of a local municipality with a regulation on remuneration in force must disclose in the financial report of the local municipality the remuneration and expense allowance paid to elected officials in 2021 for all their functions performed at the local municipal council.
- Mayor/Mayoress: $11,138
- Councillors: $20,737
