The District of Port Edward released its 2010 Statement of Financial Information at the June 28 meeting, and the report shows the municipality is in a fairly good financial state.
Remuneration to council came in at $31,300, with mayor Dave MacDonald being paid $9,540 and each councillor receiving $5,440, while the total expenses paid on council’s behalf was a further $31,296.33. In terms of staff, Chief Administrative Officer Ron Bedard was paid $94,707.66 and had $16,900.67 in expenses paid on his behalf, while all other employees were paid a total of $459,764.21 and had expenses totalling $17,875.87.
In terms of the debt being carried by the District, the number is well below half a million dollars. The largest debt is the $274,435 water debenture for the water lines, another $73,900 is owed on a backhoe lease and the remaining lease on the new garbage truck is $61,080 for a total debt load of $335,515.
“That’s awesome that for the district $335,515 is our total debt,” said mayor MacDonald.
“Other payments may look high, but if that number is all that our district owes then I think we’re doing pretty good.
In 2010 there were a total of 18 suppliers who received payments of more than $25,000, ranging from Pacific Blue Cross to different government groups to contractors and solicitors. The report also notes that there were only three building permits worth $66 issued in 2010, but that those three permits resulted in $11,300 in building construction work.