PUBLIC – Minutes of the Gatineau City Council committee of the whole meeting held in the committee room of the Maison du citoyen, 25 Laurier Street, Gatineau, on Tuesday, July 2, 2024 at 9:25 a.m., at which were present, Ms.

Major decisions

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Presentation of 2023 Financial Statements and Surplus

This item covers the presentation of the City of Gatineau's 2023 financial statements, the independent auditor's report, and the allocation of the 2023 net surplus. It includes a discussion on how the surplus is calculated, the status of ongoing projects, and the formal recommendations to adopt these financial documents.

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Presentation of Financial Statements and 2023 Surplus

Process – Filing of Financial Statements;
Independent auditor's report;
2023 Net surplus;
Origin of the net surplus;
Allocation of surpluses;
Funds and reserves;
Debt indicators;
Recommendations.

Recommendations

CE-FIN-2023-005 To receive the filing of the financial statements:

Draft resolution number 139027

CE-FIN-2023-006 To approve the allocations of the 2023 budgetary surplus:

Draft resolution number 139029

A question and comment period took place.

Discussion Summary

Councillor Steven Boivin inquired about the surpluses, specifically regarding ongoing projects. It was noted that some elements have been adopted by the council while others have not, as they are governed by specific internal policies. He asked if the surplus is considered an "accounting" matter and if the surplus includes expenses that have not yet occurred. It was clarified that a portion of the ongoing projects has indeed been adopted. For other ongoing projects, the amounts will be voted on next week, as these are amounts that must be voted on annually.

Public plenary committee ended at 11:13 a.m.

Me Camille Doucet-Côté Deputy Clerk City Clerk's Office

budget governance 25, rue Laurier, Gatineau financial statements2023 surplusauditbudgetary allocation

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