A look at the City of Castlegar’s 2019 finance and salary reports

City releases audited financial and SOFI reports.

The City of Castlegar has released its audited financial statements and statement of financial information (SOFI) reports for 2019.

The city ended the year with $15.7 million in assets and $10.4 million in liabilities, leaving net assets at about $5.2 million.

The city’s reserve funds total $9.2 million. That includes money in the development reserve, equipment replacement, water, sewer, storm and airport funds.

The city also has $77.7 million in non-financial assets including its capital assets.

The city’s accumulated surplus sits at almost $83 million, up $1.67 million from 2018.

RELATED: City of Castlegar revenues take a big hit in first half of 2020


One of the city’s largest expenses is salaries. With benefits factored in, the city spent $5.6 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 2019, Castlegar had 25 employees in that category.

Upper-level management accounts for the top nine salaries, which are all over $100,000:

Chris Barlow, chief administrative officer — $154,701

Andre Buss, finance director — $131,001

Tracey Butler, director of corporate services — $126,386

Sam Lattanzio, fire chief — $119,838

Patrick Gauvreau, municipal service director — $116,453

Duane Monson, deputy fire chief — $113,620

David Bristow, IT manager — $112,025

Nick Ahlfeld, deputy fire chief — $107,131

Lois Hunter, deputy finance director — $105,582

The remaining positions earning between $75,000 to $90,000 include journeyman carpenter, working foreman, executive assistant, engineering technician, building inspector, operations manager, journeyman mechanic, maintenance water/sewer, planning technician, chief treatment plant operator, treatment plant operator and parks maintenance person.

Elected officials

The report also includes information on payroll for elected officials.

Mayor Bruno Tassone earned $36,800 from the city plus an additional $20,019 from the Regional District of Central Kootenay as a director representing the City of Castlegar.

Each city councillor earned about $16,000.

All councillors and the mayor also accumulated expenses, most related to travel.

Tassone received $8,076 in expenses from the City of Castlegar and an additional $7,660 in expenses from the RDCK.

Councillor expenses were as follows:

Cherryl MacLeod, $9,163

Dan Rye, $8,804

Maria McFaddin, $6,303

Florio Vassilakakis, $5,118

Sue Heaton-Sherstobitoff, $4,742

Bergen Price, $534

RELATED: RDCK publishes 2019 payments to businesses, organizations and staff


Like us on Facebook and follow us on Twitter

castlegarmunicipal politics

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Environment Canada has issued a snow warning for the Kootenays on Friday. File photo
Environment Canada issues snow warning for Friday

Two-to-10 centimetres is expected to fall

Brody Peterson told The Gazette he intends to dispute tickets issued by Grand Forks RCMP at his backyard “house warming” Saturday, Oct. 10. Photo: Laurie Tritschler
Homeowner intends to dispute COVID tickets after backyard party near Grand Forks

Brody Peterson said bands that played at his home shut down before the 11 o’clock cut off

A glimpse of some of the 480 (approx) cars written off as a result of the acid spills along the Trail highway in 2018. Photo: Trail Times
Trail Ford dealer’s frustration grows with ICBC

Trail AM Ford owner Dan Ashman says he just wants fair compensation from ICBC

The fire department will train five more members in the coming months. Photo: Ootischenia Fire Department
New faces coming to the Ootischenia Fire Department

The department has already received numerous firefighting applications

Expect traffic delays Thursday as city works on smoothing Columbia Avenue railroad crossing

The Columbia Ave. and 17th Street railroad crossing has frustrated drivers for quite some time

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

RCMP. (Phil McLachlan - Black Press Media)
British Columbia man dies during ski trip near glacier west of Calgary

Kananaskis Public Safety and Alpine Helicopters responded around 2:30 p.m.

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Prime Minister Justin Trudeau arrives on Parliament Hill in Ottawa on Monday, Oct. 19, 2020, following a week-long break for the House of Commons. THE CANADIAN PRESS/Sean Kilpatrick
One crisis after another for Trudeau since last federal election one year ago

It has been a year of unprecedented calamity and crisis

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Jack Vellutini, 100, is still making sweet music. Photo: Submitted
Music stirs memories as Trail serenader nears 101st birthday

Jack Vellutini gave his brass instruments to Trail up-and-comers so the legacy of music can live on

Most Read