Statement of Financial Information presentation only generates one question from city council members

One of the final elements of the 2022 Budget and Financial process made for some of the review for Monday's City Council Session, that as the City's Chief Financial Officer, Corinne Bomben presented the 2021 Statement of Financial Information, SOFI for short, to the Council membership.

Her introduction made note of the annual requirement of the Financial office to provide for the disclosures on salaries for elected officials, civic staff members and the list of spending from all elements of the city over the last year. 

"The Financial Information Act requires municipalities to prepare a document called the Statement of Financial Information which must be approved by Council before June 30th, This document provides additional information beyond that provided in the annual Audited Financial Statement.

The document  includes Schedules with the names of vendors paid more than twenty five thousand, employees with remuneration and expense in excess of 75,000 dollars. And remuneration and expenses paid on behalf of elected officials"

Also included in the documentation is a list of the Schedule of Grants or Contributions

Ms. Bomben did not delve into the the data release from the report, which is available for review by the Council members and the public from the City Council Agenda for Monday evening the review starts on page 38.

The reading of the reports provides for a range of areas of interest, from the increasing level of compensation for the Fire Service, the yearly review of Council Salaries and those of other civic staff members over 75,000 dollars, as well as  a review of expenses to raise some curiosity through the last year.

Among some that caught the eye the close to seven million dollars for 2021 for work on the Woodworth Lake Water Dam, $5.5 million for Coast Tsimshian Northern Contractors for their work for the city, a payment of $1.3 million to Pembina Infrastructure and Logistics and 161,000 dollars forwarded to the Canadian Fishing Company. 

At the other end of the spending spectrum was $31,048 that was paid out to the Organized Crime Agency of British Columbia, something Council may want to share some thoughts on in the future perhaps.

When it came time for comment, or questions on Monday night towards that vast volume of information, the Council members however, didn't have a lot to make any inquiry towards.  

The only question on the evening coming from Councillor Cunningham who picked up on an item of note. 

For the councillor the most pressing item of interest was the low amount ($58,000) paid to the Prince George firm Yellowhead Line Marking.

Ms. Bomben provided some context to that low amount for the council members.

"That would have been what was paid for the year this past year. Remember the weather and possibly .. there was a number of issues last year they couldn't get to a lot of places throughout the north"

You can review our notes on the various elements that make up the 2021 SOFI Reports below:

City Council members salary totals come in just under 216,000 dollars for 2021

Civic payroll increases to sixteen million dollars-plus in listings of the 2021 SOFI Report

A drop from 2020 numbers as the Cost of Doing Business as the City of Prince Rupert tops 37 million dollars in 2021

1.5 Million dollars in grants or contributions delivered by City in 2021

The City has yet to provide the video for the Council session to their YouTube Archive, once they have we will add that element below.

Update: The missing archive of Monday's session was added to the listings on the afternoon of Monday, June 20th.

The item above can be viewed starting at the 34 minute mark.

More notes on the Monday Council Session can be reviewed from our Council Timeline Feature.

Further items of interest from the Financial office can be reviewed here, while some of the past Council themes are explored here.