Council Meeting Highlights - April 7, 2025

Special Council Meeting

Meeting Date: April 7, 2025 

In attendance: Mayor Fule, Councillor Langmaid, Deputy Mayor Mitzner, Councillor Montgomery, Councillor Peterson, and Councillor Wegener.

Absent: Councillor Wiley

Business

4.1      2024 Reserve Funding – Accounting Policy Change

• A change in accounting policy has necessitated a $125,000 reduction in the Financial Stabilization Reserve to accurately reflect the impact of retroactively applying the PS 3280 Accounting Standard. This is best practice to ensure Reserves are accurately accounted for and represented in the Financials of the Town. This change does not change the overall financial position of the Town, it just accounts for the retroactive changes correctly in the financial statements at December 31, 2024.

• Council directed Administration to fund the change in accounting policy, reflected in the 2024 year-end audited financial statements, out of the Financial Stabilization Reserve in the amount of $125,000.

Closed Meeting

5.1      Legal Advice – Advice from officials – FOIP S. 24 (1)(a), 24(1)(b)(i), and 27(1)(a)

• Following a Closed Meeting, Council directed Administration to authorize the letter discussed during item (5.1) and directed that the item remain confidential under FOIP S. 24(1)(a), 24(1)(b)(i), and 27(1)(a).

*Council Highlights provide a brief review of the information given and discussions had at Strathmore Town Council Meetings. Council Highlights are not presented as official minutes of the meeting and do not include items discussed in a closed meeting. Official meeting minutes can be accessed at the relevant date on the Council Calendar. 

Watch the full meeting here:

April 7, 2025 – Special Council Meeting - Part 1

April 7, 2025 –  Special Council Meeting - Part 2

Watch all past streams here: https://www.youtube.com/@TOStrathmore/streams