qathet Regional District’s finance committee is recommending that the regional board approve the district’s 2024 statement of financial information (SOFI).
At the June 10 finance committee meeting, Electoral Area B director Mark Gisborne said the 2024 SOFI report had references to sustainability, flexibility and vulnerability.
“I don’t seem to recall seeing that in previous years’ reports,” said Gisborne. “Is that something new in the reporting?”
Manager of financial services Celinde Lillies said information had been captured in previous SOFI reports.
Electoral Area E director and committee chair Andrew Fall said a lot of work goes into these reports on top of all the other financial planning reports carried out by regional district staff.
“I appreciate the work that went into that,” said Fall. “There’s a lot of information.”
According to the report, remuneration for elected officials in 2024 amounted to $192,371.68, with expenses of $48,373.51.
Employees with remuneration exceeding $75,000 had remuneration of $1,521,074.26, with expenses of $27,265. Total remuneration including other employees was $3,389,625.43, with expenses of $100,155.99.
There was also an increase in accrued wages and benefits since December 31, 2023, of $92,372.75; employer contributions for employment insurance, Canada Pension Plan and other benefits of $812,785.36; personnel costs such as health and safety, training and travel of $314,625.65; wage recoveries of $749,551; and other items, for a total of $499,336.89. Total personnel costs of elected officials and employees was $4,081,334.
There were 71 payments for the provision of goods and services of more than $25,000, amounting to $16,800,932.59. The consolidated total paid to suppliers who received payments of $25,000 or less came to $2,224,441.94.
Grants and contributions exceeding $25,000 came to $1,043,518.84.
Totals for payments to suppliers, grants and contributions and expenses paid to directors and employees came to $20,217,422.87.
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