Financial Reporting
The Town of Midland is responsible for managing and investing in high-quality municipal services that our residents depend on. Our Financial Services division provides financial stewardship to the Town, its staff, residents, ratepayers and stakeholders, with the goal of ensuring long-term viability, affordability and sustainability.
Staff deliver accounting services, procurement expertise, property taxation, and financial planning and reporting using professional knowledge and best practices to ensure the best value for the Town.
Asset Management Plan
Municipalities require an asset management program to build, maintain and operate infrastructure cost effectively and to provide value to taxpayers for the services delivered. Infrastructure assets support economic activity and improve quality of life. Staff work diligently to balance the replacement needs of our infrastructure with available financial resources to ensure services levels enjoyed today as sustainable.
Town of Midland Asset Management Plan
Financial Information Return
The Financial Information Return (FIR) is a standard set of year-end reports which capture financial and statistical information for each municipality in the Province and must be completed and submitted to the Ministry every year.
Financial Statements
As per Ontario's Municipal Act, the Town prepares financial statements each year, in accordance with Canadian public sector accounting standards. Council reviews and approves the Town's consolidated financial statements, which are audited annually and summarize the state of the Town's assets and financial position.
2020 - Audited financial statements
2019 - Audited financial statements
2018 - Audited financial statements