City Council as Shareholder of GJR · June 25, 2024 · Item 6.
Guelph Junction Railway Limited Audited Financial Statements for the year-ended December 31, 2023, be received for information.
Received for information under the agenda item 2023 Guelph Junction Railway Audited Financial Statements, 2024-283
Carried (11 to 0)
11 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That the Guelph Junction Railway Limited Audited Financial Statements for the year-ended December 31, 2023, be received for information.
Moved by Councillor O'Rourke, seconded by Councillor Allt.
How the room voted
In favour (11)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Goller
- Guthrie
- Klassen
- O'Rourke
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.
- Guelph Junction Railway 2023 Audited Financial Statements - 2024-283.pdf
The city-owned Guelph Junction Railway's audited 2023 financial statements are presented for Council to receive. The railway earned $2.1 million in net comprehensive income, up $470,000 (29 per cent) from 2022 and $827,000 better than budget, largely on higher tariff revenue. It ended the year with $3.4 million in working capital, invested $1.6 million in capital assets, and paid the city a $210,000 dividend.
- Attachment-1 Guelph Junction Railway 2023 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
140 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
50:51the year end of December 31st 2023 be received for information. O'Rourke and Ault again thank you
51:01just let any of my other colleagues know if you put up your handle you'll be your name out too.
51:05So is there anything further on that? Do you want to ask a question before I call the vote?
51:10Yep go ahead. Not a question if I could a comment. I read the financial statement again what a mighty
51:16team of staff phenomenal operation and business plan and it's evident in the financial statements
51:24and I just want to say kudos and I was quite impressed thank you. Ditto thank you very much.
51:31Okay I'll call the vote is anyone against the receiving of the financial statements?
51:37No that's nobody that's unanimous as well. Who other than Councillor Allt would like to move
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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.