Sept. 26, 2017; Liverpool, NS: During their September 26th, 2017 Regular Council meeting, the Region of Queens Council approved a motion to accept the Audited Financial Statements and the Trust Fund Statements for the fiscal year ending March 31, 2017. Earlier in the morning, the auditor for the Region of Queens Municipality, Michael Metcalfe, of the firm Belliveau Veinotte Inc., presented the audited financial statements for the 2016/2017 fiscal year at the Region of Queens Municipality’s Audit Committee meeting.
“We were pleased to receive confirmation that the Region of Queens remains sound financially. This is largely resulting from careful financial management, and establishing capital and operating reserves in anticipation of specific capital and operating needs,” said David Dagley, Mayor of the Region of Queens Municipality. “In these times of increasing pressures on tax dollars, prudent planning and careful budgeting continues to be a priority of this Council’s mandate.”
Property taxes remained consistent and general operations ended the fiscal year, March 31, 2017 with an operating surplus. This was mainly attributable to unexpected revenue in the deed transfer tax, and will be reserved for future needs. The water utility's operating statement was static this year, finishing with a small surplus of $3,873.