The City of Saint-Lambert is putting measures in place to allow you to keep informed about the municipality’s financial situation.
Four times a year—in March, June, September and December—in the spirit of openness and accountability towards its citizens, the City prepares reports on its financial statements. These reports are presented and explained during public city council meetings.
You can consult :
- Quarterly report of March, 2018 (in French)
- Quarterly report of June, 2017 (in French)
- Quaterly report of March, 2017 (in French)
For the December report, please refer to the annual financial statements (below).
Report on the financial position
In accordance with the Cities and Towns Act, in the absence of Mayor Pierre Brodeur, pro-mayor Julie Bourgoin presented the highlights of the 2018 financial report at the meeting of June 10, 2019:
“First, I would like to state that the external auditor has issued an unqualified opinion on the 2018 financial statements.
The results for the year allowed us to generate a surplus of $3.3 million, thanks to a significant increase in revenues, largely from transfer taxes but also through strict expenditure control. These factors allowed us to inject $1 million in cash into the Lespérance Park infrastructure project, thus reducing the anticipated debt by the same amount.
The surpluses generated also allowed us to make an additional injection into our working capital and fixed assets as per our surplus management policy. This policy is designed to allow us to invest in infrastructure while keeping debt at an acceptable level.
In conclusion, these excellent results enabled us to reduce taxpayers’ debt by $1.9 million while increasing the City’s net assets by $5.5 million.”
Every year, the City of Saint-Lambert prepares a financial report on its fiscal year, which runs from January 1 to December 31. It is tabled at a public meeting of city council as soon as the audit work has been completed.
This report presents financial details pertaining to the municipality’s operations, including the following:
- operating expenses
- expenditures and revenues related to capital acquisitions.
The financial report must comply with the standards of the Ministère des Affaires municipales et de l’Occupation du territoire (MAMOT) governing the presentation of municipal financial statements.
Financial statements for the year 2017
The 2017 City's financial statements were presented at the City Council meeting held on April 16. They show that the City has a surplus of $1,167,600.