Healthy financial checkup for Minden Hills
The financial statements for Minden Hills township are in fine order, according to auditing firm KPMG.
Auditor Oscar Poloni gave a presentation on his audit of the township’s 2015 financial statements during a May 26 council meeting.
Minden Hills received a clean audit, free of irregularities or internal weaknesses, on its 2015 financial statements, representing a nearly $10 million budget.
A comparative analysis performed by KPMG also shows that Minden Hills is in a competitive position amongst other lower-tier municipalities of comparable size.
Minden Hills, for example, collects average residential taxes of $949 per household a year, compared to $735 for Dysart et al, $839 for Algonquin Highlands and $978 for Highlands East.
For the municipalities of North Kawartha and Trent Lakes, the figure is $1,092 and $1,096, respectively.
Minden Hills carries a debt per household rate of $15, versus zero dollars for Highlands East, $70 for Algonquin Highlands and $412 for Dysart et al.
Reserves per household would equate to $1,211 for Minden Hills, $910 for Algonquin Highlands, $615 for Highlands East and $508 for Dysart et al.