The Ville de 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, 2021 (in French)
- Quarterly report of June, 2020 (in French)
- Quarterly report of September, 2019 (in French)
- Quarterly report of June, 2019 (in French)
For the December report, please refer to the annual financial statements (below).
Report on the financial position
“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.”
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:
- 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
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 2018
- Presentation of the financial statements at the City Council meeting on April 15, 2019 (in French)
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.