Reports to Council

In response to a report from David Hallinan, the City’s Corporate Services Director, Council provided a resolution approving the 2025 Statement of Financial Information (SOFI) report, as required by the Financial Information Act. The SOFI report includes summary and detailed reports that highlight employee remuneration, supplier payments, and Council remuneration.

The reporting criteria for the SOFI report have remained largely unchanged since the Ministry of Finance implemented it in 2000, with the goal of presenting a financially transparent, standardized version of the annual financial statement information for provincial corporations, boards, commissions, school districts, universities, and municipal governments. The SOFI report includes the following:

• the names, positions, and total amount of remuneration paid to each employee whose earnings exceed $75,000 and the total amount of expenses paid to or on behalf of that employee in the calendar year
• the names, positions, and total amount of remuneration paid to each elected official and the total amount of expenses paid to or on behalf of that elected official in the calendar year
• the vendor names and amounts paid to all suppliers whose aggregate payments received exceeded $25,000 for the calendar year
• the organization names and amounts paid to organizations as grants whose aggregate payments received exceeded $25,000 for the calendar year

View the full report.
View the presentation within the Council meeting slide deck.
Contact for further information:
David Hallinan | 250-828-3811

View the full Council Highlights for this meeting