Close X
Sunday, November 10, 2024
ADVT 
National

City of Vancouver Releases 2019 Statement Of Financial Information

Darpan News Desk, 05 Mar, 2020 08:28 PM

    March 4 2020 – In accordance with the Financial Information Act, the City of Vancouver has prepared its annual Statement of Financial Information (SOFI) Report which can be viewed online.

    The SOFI report contains:

    Consolidated financial statements

    Schedules of debts and guarantee and indemnity agreements

    Remuneration and expenses for:

    Mayor and Councillors

    Vancouver Board of Parks and Recreation Commissioners

    Vancouver Police Board Members

    Employees (earning above $75,000)

    Payments to suppliers of goods and services


    The City’s financial position remains strong and is reflected in its credit ratings. In February 2020, S&P Global Ratings reaffirmed the City’s credit rating of AAA with a stable outlook, and in November 2019 Moody’s Investors Service reiterated the City’s credit rating of Aaa also with a stable outlook.


    Both AAA and Aaa credit ratings, which are among the best for Canadian municipalities, reflect the two agencies’ assessments of the City’s solid governance and experienced financial management team, consistent positive fiscal outcomes, high levels of liquidity, strong economy and budgetary performance, and strong debt affordability.


    Net long term debt (debt net of sinking fund reserves) was $604.7 million, up $15.7 million from 2018.


    The consolidated financial statements have been audited by the independent firm of KPMG LLP.


    Total staff remuneration and expenses paid in 2019 were $549.5 million and $1.9 million respectively. Payments to suppliers for goods and services totalled $845.6 million.

    MORE National ARTICLES

    MLA Ravi Kahlon Calls On Ian Paton To Support Patients’ Rights In Delta

    When asked by reporters, BC Liberal MLA Ian Paton refused to say whether or not he thinks the facility’s current policy is acceptable, leading New Democrat MLA Ravi Kahlon to call on Paton to support patients’ rights in Delta.    

    MLA Ravi Kahlon Calls On Ian Paton To Support Patients’ Rights In Delta

    TransLink Reveals Bus Fleet Electrification Plan, Requests Mayors’ Council Endorsement

    TransLink Reveals Bus Fleet Electrification Plan, Requests Mayors’ Council Endorsement
    TransLink is asking the Mayors’ Council on Regional Transportation to support its updated Low Carbon Fleet Strategy, which puts the region on the path to converting all buses to zero emissions technology by 2050.    

    TransLink Reveals Bus Fleet Electrification Plan, Requests Mayors’ Council Endorsement

    37-Yr-Old Nina Laxamana Wanted After Police Allege She Struck An Officer With A Stolen Vehicle

    The Toronto Police Service is requesting the public’s assistance locating a woman in relation to an assault investigation.

    37-Yr-Old Nina Laxamana Wanted After Police Allege She Struck An Officer With A Stolen Vehicle

    Cell Phone Porting Scam Making Its Rounds Through The Comox Valley: RCMP

    Cell Phone Porting Scam Making Its Rounds Through The Comox Valley: RCMP
    The Comox Valley RCMP is reminding residents to be vigilant when handing out personal information after receiving several reports of a popular cell phone scam.    

    Cell Phone Porting Scam Making Its Rounds Through The Comox Valley: RCMP

    36-Yr-Old Michael Ray Day Identified As Victim Of Abbotsford’s First Homicide Of 2020

    The Integrated Homicide Investigation Team (IHIT) is requesting public assistance to further its ongoing homicide investigation in Abbotsford, B.C.

    36-Yr-Old Michael Ray Day Identified As Victim Of Abbotsford’s First Homicide Of 2020

    Leading The Way On Ride-Hailing, City Of Vancouver Approves Single Regional Licence

    City Council has approved an interim inter-municipal business licence (IMBL), which permits ride-hailing companies to operate across participating municipalities in the Lower Mainland using one business licence.    

    Leading The Way On Ride-Hailing, City Of Vancouver Approves Single Regional Licence