The City of Castlegar has released its audited financial statements and statement of financial information (SOFI) reports for 2022.
The city ended the year with $23.6 million in financial assets and $20 million in liabilities, leaving net financial assets at about $3.7 million.
The city’s debt reduced by about $200,000 to $12.2 million.
The city’s reserve funds total $16.5 million, up by $1.7 million over 2021. That includes money in the development reserve, equipment replacement, water, sewer, storm and airport funds.
One of the city’s largest expenses is salaries. With benefits factored in, the city spent $6.87 million on employee-related expenses.
Municipalities are required to list all employees making more than $75,000 annually as part of their SOFI report. In 2022, Castlegar had 34 employees in that category.
Upper-level management and fire chiefs account for most of the top 15 salaries.
Chris Barlow, chief administrative officer — $180,244
Ola Oladele, finance director — $158,667
Duane Monson, deputy fire chief — $142,668
Chris Hallam, director of municipal services — $142,130
Tracey Butler, director of corporate services — $140,557
Sam Lattanzio, fire chief — $137,996
David Bristow, IT manager — $125,601
Nick Ahlfeld, deputy fire chief — $120,643
Maciej Habrych, airport manager — $118,680
Meeri Durand, manager of planning — $110,788
Bree Seabrook, communications manager — $110,788
Nicole Brown, corporate services manager — $108,630
Travis Christiansen, engineering manager — $102,446
Aimee Uhlenbrauck, financial services manager — $102,066
Craig Lincoln, chief treatment plant operator — $101,945
The remaining positions earning between $75,000 to $100,000 include journeyman carpenter, working foreperson, engineering technician, building inspector, mechanic, maintenance water/sewer, planning technician, treatment plant operator, parks maintenance person, senior financial analystand heavy equipment operator.