City of Powell River Council has approved the 2021 statement of financial information (SOFI), detailing the city’s financial position for the provincial government.
At the June 16 city council meeting, councillors voted unanimously in favour of approving the SOFI for submission to BC Ministry of Municipal Affairs and Housing, which is required on an annual basis.
“This is the annual form that is required by government,” said councillor George Doubt. “It’s available to the public and provides detailed information on expenditures through the year, including some of the higher-paid staff members, and the expenses and wages of city council members.”
At the June 14 committee of the whole meeting, chief financial officer (CFO) Mallory Denniston outlined the SOFI report, recommended that the city’s 2021 statement of financial information be approved for submission to the ministry, and that the mayor and chief financial officer be authorized to sign the statement of financial information approval form.