Town is in strong financial shape

Thu, 17 Jul 2014

Oakville’s 2013 Annual Report available online

The Town of Oakville released its 2013 Annual Report today outlining the town’s fiscal strength and key achievements in meeting the needs of the community.

“2013 was a year full of positive momentum in Oakville,” Mayor Rob Burton said. “Oakville’s continued financial strength has allowed us to create a cleaner, greener, more livable town with lower rates of growth in population and taxes. We believe a steady focus on increasing efficiency, value and livability will keep paying off for everyone.”

The town’s Consolidated Financial Statements are audited by KPMG who have confirmed that they present fairly the town’s strong financial position.

The annual report also describes the town’s major accomplishments in 2013 such as the development of our new comprehensive zoning by-law to guide what, when and how buildings can be constructed in Oakville and the launch of the Downtown Plan project to rejuvenate our downtown streetscapes, transportation and cultural facilities. Both initiatives are set out in the town’s Vision 2057 plan.

Other highlights from the past year include the unveiling of the town’s new memorial wall at George’s Square; hosting the RBC Canadian Open and starting construction on our North Operations Depot that will be home to Roads and Works, Parks and Open Space and an interim Fire Station which will enhance services for residents in north Oakville. The town also launched new online tools such as the Ethics and Efficiency Hotline, Report a Problem tool, and released datasets through the Open Data project.

The audited financial statements are presented in accordance with the Canadian Public Sector Accounting Standards, and prescribed policies issued by the Ministry of Municipal Affairs and Housing. An annual report with its audited Consolidated Financial Statement presents the financial position of the town and its consolidated entities for the 2013 fiscal year with its achievements.

The 2013 Annual Report as well as the town’s Municipal Performance Measurement Program, can be reviewed on the Annual Report page.