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

Salaries

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



betsy.kline@castlegarnews.com

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