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Mayor’s report of the highlights of the 2019 financial report and the external auditor’s report


Mayor Guillaume Lamoureux presented the highlights of the 2019 financial report and the external auditor’s report at the Municipal Council meeting on Tuesday, September 8, 2020. Here are his remarks in full.

In accordance with the provisions of Article 176.2.2 of the Municipal Code of Québec, at this regular meeting of Municipal Council today, September 8, 2020, it is my pleasure to share with the residents of La Pêche the highlights of the financial report and the external auditor’s report for the fiscal year ending December 31, 2019, as audited by the chartered professional accountants at Dignard Ethier CPA Inc. They are of the opinion that the financial statements accurately reflect the financial position of the Municipality in all pertinent respects.

Fiscal Year 2019 closed with a surplus of $778,374 for the reporting period, based on revenue of $15,568,784 and expenses and capital reserves of $14,790,410, as confirmed by the external auditor. A portion of the surplus was appropriated for FY 2020 and a balance of $428,374 remains to be allocated.

Achievements in 2020 

Out of total expenses of more than $15 million, road improvements accounted for $1,215,000 and non-negotiable obligations and shares accounted for just under $10.5 million:

  • MRC share including public safety: $3.69 million
  • Waste management: $1.51 million
  • Debt management: $1.05 million
  • Wages including benefits: $4.24 million

In 2019, the Municipality acquired and furnished a mobile unit to temporarily expand City Hall. We replaced more than 20 computers, bought a large-format printer, and installed a projector in the meeting room of the Ella-Matte Library.

Road improvements were made to des Amoureux, Batteuse, Bernier, des Érables, Gauvin, Kallala, Kennedy, du Lac-Bernard, Mahon Nord, Mahon Sud, MacLaren, McCrank, Parent, Pritchard, Riverside (completed in 2020) and Sincennes. We also bought equipment for Public Works, such as a heated asphalt hopper, a ten-wheeler truck, a road roller, and a rammer.

Council has acted on the 2018 recommendations of the external auditor and adopted a fixed-asset capitalization and depreciation policy as well as a policy for using monies from the local repair and maintenance fund for public roads carrying traffic from stone quarry and sandpit operations. The policy is designed to ensure that money from the stone quarries and sandpits in the municipality is used to repair the damage they cause to municipal roads.

The fire department received a provincial grant to buy an all-terrain vehicle and off-road rescue equipment. The fire department also got nine sets of turnout gear, a thermal imaging camera, and a turnout gear extractor washer.

Recreation, Culture, and Community Living took over a lot to expand Parc des Fondateurs. The Duclos Community Centre was demolished and a public meeting was held to plan the park’s future. Upgrades to all parks with playground structures began in 2019 and are still underway. Note that the Municipality took over management of the Sports Complex in September 2019, having acquired it in 2018.

The Municipality of La Pêche is proud to support the volunteers, organizations, and groups of residents who generously work to make our community stronger and improve people’s lives. In 2019 the Municipality invested over $250,000 to support community projects and initiatives, over and above the organizational and operational support provided by municipal departments. I’d like take the opportunity here to salute the hard work of all the busy volunteers in our community and their dedication to the well-being and prosperity of La Pêche. Whether you volunteer with a community, sports, artistic, cultural, environmental, or other organization, whether you’re involved with youth, older people, people with intellectual disabilities, or members of our community in need, whether you’re active online or in the field: I want to say thank you on behalf of Council and all the residents of La Pêche for doing what you do. Your work is truly invaluable.

A look at the financial profile published on the website of Ministère des Affaires municipales et de l’habitation shows our total net long-term debt to equity ratio per $100 of standardized property wealth as $0.37, compared to an average of $1.33 for the municipalities of MRC des Collines-de-l’Outaouais and $2.17 for the province’s municipalities overall. So the financial report for December 31, 2019, shows that the Municipality is in good financial shape.

Guillaume Lamoureux,
Mayor