If accountants used emojis, Laurentian Hills’ latest financial statements would have said something like: smiley face, thumbs up, hands clapping, 100%.
Auditor Ryan McGauley of Scott Rosien Black & Locke chartered accountants in Pembroke had nothing but praise when presenting the town’s 2024 audited statements recently.
McGauley said the town’s statements were “unqualified” for last year, meaning there was no cause for concern in any of the audit findings.
“This is what you want, and it’s been the same every year,” he said.
McGauley also had high praise for the town’s staff.
“The administration office is very well run, all the records are well kept, and everybody is very helpful and friendly and good to work with here,” he said.
The financial numbers don’t look so bad either.
Laurentian Hills finished 2024 with a surplus of more than $1.28 million, including investments in capital, bringing the town’s “accumulated surplus” – the total value of its financial and capital assets – to $18.9 million, up from $17.6 million.
The town increased its reserves and reserve funds from $9.4 million to almost $9.7 million, and invested almost $1.96 million in capital projects and purchases…
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