Deux-Montagnes, June 10, 2022 – The 2021 financial statements for the City of Deux-Montagnes were tabled at the June 9 City Council meeting, indicating a surplus of $700,000.
Such an impressive performance can be partly explained through an increase in operating revenues of approximately $1M, mainly due to higher than expected transfer tax revenues. In contrast, expenditures and other tax items were $300,000 higher.
Among the financial highlights, note that the amounts released from the operating expenditures that were lower than the budget ($1.4M in total) allowed for the cash acquisition of certain capital assets. They also enabled the creation of reserves (reserves for water services and for the maintenance and improvement of real estate assets) in prevision of anticipated investments and to manage unforeseen developments.
The Mayor of Deux-Montagnes, Denis Martin, is happy with these financial results: “The municipal administration has rigorous management practices, is proactive and ensures that future expenditures are forecast over the coming years, including for infrastructure, transportation, and the environment. The sound use of public funds has also allowed the City of Deux-Montagnes to give citizens a tax break in 2021 by freezing the tax rate,” he stated.
INVESTMENTS FOR REVITALIZATION
Investments in 2021 amounted to $7.5M.
|Vehicles and equipment (Fire Safety Department)||$815,000|
|Vehicles (various services)||$410,000|
|City hall and fire station parking lot||$215,000|
|Noise barrier (studies)||$310,000|
|Parc du Centenaire – property acquisition||$870,000|
|Leisure and public works (equipment)||$685,000|
|Fire Safety Department (equipment)||$55,000|
The subsidies recorded by the City for investment projects in 2021 were $650,000 for the permanent dike.
“The achievements of this budget were made possible through the common vision and productive collaboration of the members of the City Council. The General Manager and the Treasurer of the municipality also play a key role in achieving organizational and financial objectives. I would like to give a special thanks to all of them. The meticulousness and participation of all the involved stakeholders contribute to making Deux-Montagnes a city where it is good to live and to prosper,” concluded Mayor Denis Martin.
The financial statements for fiscal year 2021 are available on the City’s website.