qathet Regional District’s (qRD) finance committee is recommending the regional board approve the 2022 statement of financial information and the 2022 report of directors’ remuneration and expenses.
At the June 7 finance committee meeting, committee members carried a motion to send the directors’ 2022 remuneration to the board. The annual report indicated a total of $181,208.21 being paid out in annual indemnity, meetings and allowances, other expenses and benefits in 2022, compared to $174,225.48 in 2021.
Alternate directors in 2022 were paid $673.93, compared to $848.87 in 2021.
The totals for directors and alternate directors in 2022 was $181,881.14, compared to $175,074.35 in 2021.
With 2022 being an election year, there were 10 directors on the qRD payroll and nine alternates.
The statement of financial information consists of the core financial statements for employee remuneration, and payments to suppliers for goods and services provided to the regional district.
There were nine qRD employees in 2022 who were paid more than $75,000 in remuneration. Their combined remuneration was $1,021,803.30. The consolidated total of other employees with remuneration of $75,000 or less was $1,505,058.24, for a remuneration total of $2,526,861.58.
In terms of expenses, those earning more than $75,000 had expenses of $28,020.51. The consolidated total of other employees with remuneration of $75,000 or less was $101,278.58.
There were 54 suppliers of goods and services who invoiced more than $25,000. The total aggregate amount paid to suppliers over $25,000 was $10,588,274.61. The consolidated total paid to suppliers who received aggregate payments of $25,000 or less was $1,703,158.96.
The financial statements for the year ending December 31, 2022 contained a number of features, such as management’s responsibility for the financial statements and the independent auditor’s report.
The financial statements outline the statements of financial position, operation, changes in net financial assets, cash flows, function balances and accumulated surplus.
