Laurentian Hills continues to see strong results as the town received its 2025 audited financial statements recently.
Overall, the town finished 2025 with an annual “surplus” of more than $1.22 million, although most of that “surplus” reflects investments of more than $1.11 million in “tangible capital assets” like paving roads and improvements to the town’s water and sewer systems.
The town had higher than expected revenues as government grants and interest on reserves pushed the town’s revenue to almost $6.09 million, up from a budget of $5.6 million.
Expenses were also up, from a budget of $4.54 million to $4.86 million in spending by year’s end, as the town put additional money into “transportation services” (roads and public works) and “environmental services” (water and sewer).
The town was also able to increase its reserves and reserve funds, from a total of $9.69 million as of January 1, 2025 to $9.9 million at year’s end.
The town’s overall financial position at the end of the year showed an “accumulated surplus” of $20.1 million, up from $18.9 million at the end of 2024.
“In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of (the town of Laurentian Hills) as at December 31, 2025,” auditors Scott, Rosien, Black & Locke stated in their report…
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