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Financial reports

The Ville de Saint-Lambert is putting measures in place to allow you to keep informed about the municipality’s financial situation.

Quarterly reports

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 :

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, Mayor Pierre Brodeur presented the highlights of the 2020 financial report and of the report from the external auditor at the meeting of June 14, 2021:

“First, I wish to point out that the external auditor issued an unqualified audit opinion on the city’s 2020 financial report and on the effective aggregate taxation rate for 2020, which was $1.0153 per $100 of assessment.

The operating surplus for tax purposes stood at $2,569,036 as at December 31, 2020. This large surplus, despite the pandemic context, derived mainly from property transfer taxes, which were higher than expected (+$2.7M) and from non-recurring financial assistance for COVID-19 in the amount of $2,545,041 for fiscal 2020 and 2021, which had to be fully reported on in 2020 in accordance with accounting standards.

As a large surplus was anticipated, we took concrete actions to benefit residents by passing on a property tax bill savings for the years ahead. The working fund was thus reimbursed in advance (-$3.3M), representing an average annual savings of nearly $300,00 for the next 10 years. 

The gross debt increased by nearly $11M, up from $88,196,000 to $99,326,000, mainly for the funding of the Riverside Street project. However, the net debt was $73,560,510, given that $25,765,490 was subsidized by the Quebec government. 

As at December 31, 2020, the city had an unallocated operating surplus of $3,222,184, as well as an allocated operating surplus of $1,085,662. The city’s financial reserve and reserve fund totalled $4,769,503.

In conclusion, despite the pandemic context, the Ville de Saint-Lambert succeeded in maintaining its financial position. However, budgetary issues remain for the years ahead, as the tax share imposed on our city by the Agglomération de Longueuil continues to exert increasing pressure on the municipality’s finances. Major challenges also await the city, including some concerning municipal buildings.”

Financial statements

Every year, the Ville de 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:

  • assets
  • liabilities
  • revenues
  • 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 2020

The 2020 City's financial statements were presented at the City Council meeting held on April 19, 2021. They show that the City has a surplus of $2,569,036. 

You can consult

Symbole pdf Financial statements for the year 2020 (in French)

Symbole pdf Presentation of the financial statements at the City Council meeting on April 19, 2021 (in French)

Financial statements for the year 2019

The 2019 City's financial statements were presented at the City Council meeting held on April 20, 2020. They show that the City has a surplus of $1,243,576. 

You can consult

There was no presentation, as the meeting was held by video conference due to COVID-19.

Financial statements for the year 2018

The 2018 City's financial statements were presented at the City Council meeting held on April 15, 2019. They show that the City has a surplus of $3,294,968. 

You can consult

Financial statements for the year 2017

The 2017 City's financial statements were presented at the City Council meeting held on April 16, 2018. They show that the City has a surplus of $1,167,600. 

You can consult