Financial Statements

The Township of Wilmot is committed to keeping Council and the public informed of our financial position. Financial statements are prepared in accordance with Public Sector Accounting Standards and reviewed annually by an independent accounting firm. 

The Province of Ontario requires all municipalities to submit their audited financial statements each year as part of the required detailed financial reporting in the Financial Information Return. 

The financial statements reflect our business in compliance with the Public Sector Accounting Standards, while the Township prepares its budgets and periodic financial reporting on a modified cash basis, as most municipalities continue to do so.

The key differences is in the way that capital project investments are treated. The municipal budget does not make a provision for "amortization of capital assets" or the consumption/depreciation of infrastructure. The municipal budget approach includes a transfer of cash into our reserve funds to be used to rehabilitate or replace our capital assets. These are the main, but not all differences between the audited financial statements and the annual budget presentation.

Recent Financial Statements

• 2023 Financial Statement
• 2022 Financial Statement
• 2021 Financial Statement
• 2020 Financial Statement
• 2019 Financial Statement
• 2018 Financial Statement
• 2017 Financial Statement
• 2016 Financial Statement
• 2015 Financial Statement
• 2014 Financial Statement
• 2013 Financial Statement
• 2012 Financial Statement
• 2011 Financial Statement
• 2010 Financial Statement

Financial Information Return

We also prepare an annual Financial Information Return (FIR) with the Ministry of Municipal Affairs and Housing (MMAH). This report provides a basis for comparison across the 444 municipalities in Ontario. You can view past FIRs on the MMAH website.

Performance Measures

The Ministry of Municipal Affairs and Housing (MMAH) established the Municipal Performance Measurement Program (MPMP) in October 2000.

MPMP data is reported annually to MMAH along with the Financial Information Return.

Archived Financial Statements

Contact us if you would like a copy of reporting prior to 2010.