City Council as Shareholder of GJR · June 14, 2023 · Item 3.1
Guelph Junction Railway Limited Audited Financial Statements for the year-ended December 31, 2022, be received for information.
Received for information under the agenda item 2022 Guelph Junction Railway Audited Financial Statements - 2023-217
Carried (12 to 0)
12 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, 2022, be received for information.
Moved by Councillor Richardson, seconded by Councillor Klassen.
How the room voted
In favour (12)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- 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 Junction Railway Audited Financial Statements - 2023-217.pdf
The audited 2022 financial statements of the City-owned Guelph Junction Railway, presented to Council as shareholder for information. The railway earned $1.6 million in net comprehensive income, up $584,000 or 55 per cent from 2021 and $822,000 better than budget, largely on higher freight revenue. It ended the year with $2.7 million in working capital, invested $1.5 million in capital assets, and will pay the City a $164,000 dividend in 2023.
- Attachment-1 2022 GJR 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
58 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
42:23for the 2022 gwell junction really audited financial statements richardson class and
42:30is seconding that is there any questions on that though before i call the vote
42:36any comments okay seeing hearing none i'll call the vote anyone against those financial statements
42:45again it's unanimous so thank you very much everyone and now i am looking for somebody
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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.