2025 Annual Financial Report

ANNUAL FINANCIAL REPORT

YEAR ENDED DECEMBER 31, 2025

At the public meeting, Mrs. Lucie Nadeau Frenette, Chartered Professional Accountant of Nadeau Picard & Associés, CPA, presented the Consolidated Financial Statements.

The Municipality realized a consolidated surplus of $ 1,052,639.

The Municipality has in its réserve funds 4.6 million dollars of which 3.9 million are considérée!

restricted funds for the purchase of capital assets and for employée future benefits.

The financial position ofthe Municipality as of December 31, 2025, shows a net debt of 16.8 million with non-financial assets of 71 .9 million and an accumulated surplus of 55 million dollars.

As per the fund accounting method, the municipatity realized a surplus of $ 117,882 in the Général operating fund and a surplus of $ 24,828 in the Water and Sewer operating fund on a combined operating budget of 23.1 million dollars.

i would like to personally thank the Mayor, the Council members, management and accounting staff for their support during our audit engagement which have enabled us to establish the financial statement according to the obligations by the Province of New Brunswick and the Public Sector Accounting Standards.