City Council as Shareholder of GMHI · June 25, 2024 · Item 5.
Guelph Municipal Holdings Inc. audited financial statements for the year-ended December 31, 2023, be received for information.
Received for information under the agenda item 2024 Guelph Municipal Holdings Inc. Audited Financial Statements , 2024-284
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 Municipal Holdings Inc. 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 Municipal Holdings Inc. 2023 Audited Financial Statements - 2024-284.pdf
An information item asking Council, as sole shareholder, to receive the 2023 audited financial statements of Guelph Municipal Holdings Inc., the city-owned company that holds Guelph's stake in electricity utility Alectra. In 2023 the company reported total comprehensive income of $6.3 million, up from $2.9 million in 2022, received $3.5 million in dividends from Alectra, and paid $3.8 million in dividends to the City.
- Attachment-1 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
119 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
4:50We also have the
4:532024 Guelph municipal holdings Inc. audited financial statements
4:58And the recommendation for that is that the Guelph municipal holdings Inc. audited financial statements for the year end of December 31st
5:052023 be received for information
5:09Would someone be willing to move that? Councillor O'Rourke, Councillor Allt will second that
5:15And he's very he's very excited to second that
5:19as you can see
5:21Is there
5:23Well, he is the chair of audit so he should be excited about like figures and money and stuff like that, right?
5:28So, uh, is there any questions, uh, on that one at all? No, okay. I'll call the vote. Is anyone against that?
5:36Nobody, okay, that is unanimous as well
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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.