Port Edward presents 2010 Statement of Financial Information

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.

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.