The County of Stettler has once again received a clean management letter for the audited 2016 Financial Statements which were presented to council by accounting firm Gitzel & Company Chartered Professional Accountants at the regular county meeting on Wednesday, April 12.
Despite the county receiving a lot of criticism for the new Public Works facility, the county has built on its strengths and produced a pristine financial track record.
“I would like to highlight that this management and this staff are operating within a very responsible budget and proving to be extremely efficient in realizing savings and making sensible business decisions for this county based on the policies and decisions prescribed by this council,” said Reeve Wayne Nixon. “The proof of good management is provided in yet another clean management report and clean financial audit for the County of Stettler, the ninth clean audit in a row. Our administration and our staff should be proud of their work and their dedication to providing value to the ratepayers of the County of Stettler.”
For the county, some of the highlights for the year include the now completed Erskine East Subdivision with 21 lots available for purchase and the Erskine Water Servicing project providing water to the truck fill, the Erskine School and making hook-ups available to every residence in Erskine.
The new Public Works facility project was nearly 50 per cent complete in 2016, with an investment of $4.55 million from the county.
Reserves are at a comfortable level for the County of Stettler, now sitting at $7.3 million despite a downturn in oil and gas affecting the revenue, and after having made a substantial investment of $8.9 million into capital assets in 2016.