Oakville receives clean audit, in ‘strong financial position,’ says mayor

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Published July 19, 2023 at 4:11 pm

The Town of Oakville's 2022 Annual report highlights key achievements in delivering on the goals outlined in the 2019-2022 Strategic Plan, such as beginning construction of a new recreation and culture complex and outdoor amenities north of Neyagawa Blvd. and Dundas St. TOWN OF OAKVILLE PHOTO

From construction of a new recreation and culture complex and expanding recreational trails by 5 km to offering free Wi-Fi on all buses and real-time parking availability signage in the downtown, the Town of Oakville notes it achieved many of its strategic goals over the last three years.

The town is now making all that information available to the public with the release of its 2022 Annual Report.

The online report highlights key achievements in delivering on the goals outlined in the 2019-2022 Strategic Plan and continued success in maintaining Oakville’s fiscal health.

The town also announced that KPMG, its independent external auditors, has provided a clean audit on the Consolidated Financial Statements.

A clean audit or “unqualified audit opinion indicates that the financial statements prepared by the town are a fair presentation of the town’s financial position and financial results for the past year.

“Thanks to years of fiscal discipline and performance-based budgeting, Oakville has a strong financial position, as evidenced by its independent auditors’ endorsement of our current financial statements,” said Mayor Rob Burton. “We are committed to maintaining tax rates at or below inflation, and our strong reserve levels allow us to continue improving the quality of life for our residents.”

The report outlines some of the town’s key accomplishments in 2022, including:

  • Beginning construction of a new recreation and culture complex and outdoor amenities north of Neyagawa Blvd. and Dundas St.
  • Expanding recreational trails by 5 km, new roadway active transportation (sidewalks and multi-use paths) by 25 km, and parkland by 87 hectares
  • Focusing on road safety by implementing community safety zones at 11 new sites and completing traffic calming surveys on 22 streets
  • Improving transit experience with the launch of curb-to-curb shared-ride servicein fully accessible transit vehicles, and free Wi-Fi available on all buses
  • Enhancing digital offerings such as information kiosks and real-time parking availability signage in the downtown; and fully online system for development engineering, signs, and noise exemption permits
  • Progressing on growth reviews for Midtown and preserving heritage through the restoration ofthe Coach House at the Oakville Museum
  • Promoting awareness of Indigenous history through initiatives such as Oakville’s first orange crosswalk, which honours residential school children
  • Exploring deep energy retrofits and pre-feasibility studies for district energy systems, and expanding electric vehicle infrastructure by 16 dual charging stations

“Along with the successful conclusion of the 2019–2022 Strategic Plan, Oakville made headway in a number of areas such as mobility and transportation strategy, digital transformation of many processes and reduction in the town’s energy use,” said Jane Clohecy, Chief Administrative Officer.

“I want to thank staff for their relentless efforts in delivering high-quality programs and services to make Oakville more livable.”

The 2022 Annual Report is available online here. A plain text version of the report is available by emailing [email protected].

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