City Council as Shareholder of GMHI · June 14, 2023 · Item 3.1
Guelph Municipal Holdings Inc. Audited Financial Statements for the year-ended December 31, 2022, be received for information.
Received for information under the agenda item 2022 Guelph Municipal Holdings Inc. Audited Financial Statements - 2023-218
Carried (13 to 0)
13 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That the Guelph Municipal Holdings Inc. Audited Financial Statements for the year-ended December 31, 2022, be received for information.
Moved by Councillor Gibson, seconded by Councillor Goller.
How the room voted
In favour (13)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- Klassen
- O'Rourke
- Richardson
What council was given
The staff reports and correspondence attached to this item. The summaries are written automatically, so you can tell what a document is without opening a ninety-page PDF.
- 2022 Guelph Municipal Holdings Inc. Audited Financial Statements - 2023-218.pdf
Council, acting as sole shareholder, is asked to receive the 2022 audited financial statements for Guelph Municipal Holdings Inc., the city-owned company that holds Guelph's stake in Alectra. Total income fell to $2.9 million from $4.8 million in 2021, mainly because Alectra earnings dropped and district energy operations were sold. The company paid the city $3.7 million in dividends for the year.
- Attachment-1 2022 GMHI Audited Financial Statements.pdf
A summary is this site’s description of a document, not the City’s. Open the document before relying on one.
What was said
116 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
3:19agenda
3:21Which is the
3:232022 Guelph Municipal Holdings Inc audited financial statements
3:28and
3:29There is a motion there or these statements for the year ended December 31st
3:372022 to be received for information
3:41And wondering
3:43If I could get a mover for that, okay Gibson. Thank you and Galler is seconding and
3:50any questions on that before
3:53Go any further? No, okay. I'll call the
3:55Call the votes unless there's any comments any comments anybody again don't hear or see any okay
4:01I'll call the vote is anyone against
4:04receiving
4:05audited financial statements for information
4:08Again, I'm hearing and seeing none so that's unanimous
4:13And we are on to the last part where our CEO of
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The motion, the vote and the debate come from the City of Guelph’s published record, reproduced rather than interpreted. The document summaries above are the exception: those words were written for this site.