Not the full picture. Built from public records, which leave things out.Read by hand, Oct 2026DetailsThis is built from public records, which leave a lot out, and some of it may be wrong or out of date. Check the sources, and tell us if you spot a mistake. What this site can't tell you Read by hand. We read Lakeshore's own documents for this site in October 2026; the Sources page lists which ones. The comparisons with other places still come from the Province's yearly reports.
Questions · 11 so far
Things worth asking about
We read Lakeshore's financial reports and meeting minutes, and compared its numbers with 22 similar Ontario towns. These are the things that stood out.
What these are, and what they are not. A question here means a number or practice is unusual, or harder to see than it should be. It does not mean anyone did anything wrong. Most unusual numbers turn out to have ordinary explanations, and every question lists some. The only way to know is to ask.
Needs an answer
Needs an answer
These are unusual enough that residents deserve a clear answer from council.
August 11, 2026date of the auditor's report on the 2024 statements
Audited financial statements are the yearly report card on a town's money, checked by an outside auditor. Lakeshore's auditor, KPMG LLP, dated its report on the 2022 statements September 10, 2024, on the 2023 statements September 30, 2025, and on the 2024 statements August 11, 2026. Each is about twenty months after the year it covers. On October 5, 2026, the newest statements posted on the Municipality's website were for 2024. The 2025 statements were not posted. All three reports say the statements "present fairly" the Municipality's position.
Found by reading the town's own documents · 5 sources
$62,132,210debentures payable at the end of 2024, up from $19,356,622
Debentures are long-term loans repaid in instalments with interest. In 2024 the Municipality issued $45,281,428 of new long-term debt. Total debentures payable went from $19,356,622 to $62,132,210. The statements split the debt by who repays it. The part to be repaid from wastewater rates went from $3,738,632 to $48,541,588. That is the charge residents pay on the sewer part of their water bill. We did not find, in the documents we could read, a note saying which project the money was for.
Found by reading the town's own documents · 4 sources
$31,140,748negative balance of the wastewater reserve fund at the end of 2023
A reserve fund is savings put aside for a named purpose. The statements' schedule of reserve funds shows the wastewater fund owed more than it held: (19,632,531) at the end of 2022 and (31,140,748) at the end of 2023. In 2024 the same schedule shows $51,199,034 moved in from operations, and an ending balance of 14,971,462. The same year the Municipality issued $45,281,428 of new debt, and the schedule of accumulated surplus shows a line, "Municipal Debt - Recoverable", of (45,281,428). We worked out that the $51,199,034 is close to the new debt plus other wastewater money, but the statements do not say so.
Found by reading the town's own documents · 3 sources
Lakeshore spent $4.4M on running the town office in 2019 and $8.8M in 2024. Prices only went up about 18% in that time. Only 3 of 22 similar towns had faster growth here.
Found automatically from the town's financial reports · 3 sources
$132,094,372cash and temporary investments at the end of 2024
At the end of 2024 the statements show cash and temporary investments of $132,094,372, up from $88,565,703. Over the same year the Municipality borrowed $45,281,428. The schedule of reserves and reserve funds totals 125,605,057, and deferred revenue (money received for a set purpose, such as development charges) is $12,704,968. Added together, those two are more than the cash (worked out by us), which means the cash is mostly spoken for. Investment income was $4,370,956.
Found by reading the town's own documents · 3 sources
$10,416,490transportation spending in the 2024 statements, against a budget column of $5,562,562
In the 2024 statement of operations, transportation services were budgeted at $5,562,562 and actual spending is $10,416,490. Environmental services were budgeted at $17,515,958 and actual is $22,442,799. Recreation and cultural services were budgeted at $6,938,909 and actual is $10,773,982. The Municipality has explained it: note 15 says the budget "expensed all tangible capital expenditures rather than including amortization expense". Amortization is the yearly share of the cost of long-lived assets. The segment schedule shows amortization of 5,070,144 for transportation, 4,216,831 for environmental services and 2,972,669 for recreation. After taking that out, we worked out that transportation is under its budget and the other two are much closer to it.
Found by reading the town's own documents · 3 sources
10,994,495amortization in the cash flow statement, against 12,875,696 in the net financial assets statement
The statement of cash flows shows amortization of tangible capital assets of 10,994,495. The statement of change in net financial assets shows 12,875,696 for the same item. Schedule 1 shows 12,873,252. The cash flow statement's total of 32,052,530 adds up with the lower figure, so the difference sits in another line (worked out by us). Separately, note 15 says Council adopted the budget on "February 15, 2024" in one sentence and "February 27, 2024" two sentences later.
Found by reading the town's own documents · 4 sources
1.76 per centthe property tax rate increase Council adopted for 2026, down from a proposed 4 per cent
The Municipality's Budget and Finances page lists budgets up to 2023 as PDF books. For 2024, 2025 and 2026 the page links an interactive web application. We could not read figures out of it, so this pack has no 2026 budget figures except those the Municipality printed in its news releases: the draft showed total expenditures of $65.7 million, up from $64.1 million in 2025, and a 4 per cent tax rate increase. On December 4, 2025, Council cut that to 1.76 per cent and, among other changes, removed the Council wage increase for cost-of-living adjustment.
Found by reading the town's own documents · 5 sources
June 30, 2022end of the last Integrity Commissioner report posted on the Municipality's page
An Integrity Commissioner investigates complaints that a council member broke the code of conduct and gives members advice. Lakeshore's Integrity Commissioner page lists reports for October 2020 to June 30, 2022, from the earlier commissioner. The page says the current commissioner, a firm, was appointed effective July 1, 2022. We found no report from the firm on the page. The last report we read says there were "no new Complaints" in the first half of 2022. We do not know whether there have been complaints since.
Found by reading the town's own documents · 2 sources
Lakeshore spent about $297 per home on garbage, dump and recycling in 2024. The typical similar town spent $0. None of the 22 similar towns spent more.
Found automatically from the town's financial reports · 1 source
Each question in full
Needs an answerFound automatically from financial reports
Lakeshore spent about $4,155 per home on long-term debt in 2024. The typical similar town spent $1,209. None of the 22 similar towns spent more.
Why it matters
Spending more than neighbours is not wrong by itself. It might buy better service. But it is the first place to look for costs that could be lower, such as contracts that were not competitively bid.
It could be because…
Geography: more roads, more snow, a bigger area or a landfill of its own.
Accounting: some towns record the same cost in a different category.
A one-time cost in this year.
Questions you could ask
What makes this cost higher here than in similar towns?
When were the main contracts in this area last put out to competitive tender?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Long-term debt per home: Lakeshore $4,155; typical similar town $1,209; ranked 1st highest of 23.
August 11, 2026date of the auditor's report on the 2024 statements
Audited financial statements are the yearly report card on a town's money, checked by an outside auditor. Lakeshore's auditor, KPMG LLP, dated its report on the 2022 statements September 10, 2024, on the 2023 statements September 30, 2025, and on the 2024 statements August 11, 2026. Each is about twenty months after the year it covers. On October 5, 2026, the newest statements posted on the Municipality's website were for 2024. The 2025 statements were not posted. All three reports say the statements "present fairly" the Municipality's position.
Why it matters
Residents and the Council that will be elected on October 26, 2026 decide on taxes and borrowing using figures that are close to two years old by the time an auditor has checked them. Late statements are not a sign that anything is wrong, but they do mean the checked numbers lag well behind the borrowing and spending decisions being made now.
It could be because…
A change of staff in the finance office. The Municipality announced an interim chief financial officer who started in April 2026, and we did not look for earlier changes.
New accounting work in 2024: the Union Water Supply System became a separate corporation that year, and the Municipality's share of it was brought into the statements.
Audit timing may be set by Council or the auditor's schedule, not by a problem in the books.
The date printed may be the date the statements were approved and posted, not the date the audit work ended.
Questions you could ask
When will the 2025 audited statements be finished and posted?
Why did the 2022, 2023 and 2024 audits each finish about twenty months after year end, and what is the plan to bring that closer to the usual spring or summer following the year?
Did Council receive the 2024 statements before or after August 11, 2026, and was the delay discussed in public?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Independent Auditor's Report on the 2024 statements, signed "Chartered Professional Accountants, Licensed Public Accountants, Windsor, Canada, August 11, 2026". Opinion: the statements "present fairly, in all material respects" the Municipality's position as at December 31, 2024.
Independent Auditor's Report on the 2023 statements, signed "Chartered Professional Accountants, Licensed Public Accountants, Windsor, Canada, September 30, 2025".
Independent Auditor's Report on the 2022 statements, signed "Chartered Professional Accountants, Licensed Public Accountants, Windsor, Canada, September 10, 2024".
The Financial Statements list on the Budget and Finances page runs from "2024 Financial Statements" back to "2014 Financial Statements". No 2025 statements are listed. We read the page on October 5, 2026.
News release, May 20, 2026: the Municipality announces an Interim Chief Financial Officer who "started with Lakeshore in April" and whose role "is expected to continue until Spring 2027".
$62,132,210debentures payable at the end of 2024, up from $19,356,622
Debentures are long-term loans repaid in instalments with interest. In 2024 the Municipality issued $45,281,428 of new long-term debt. Total debentures payable went from $19,356,622 to $62,132,210. The statements split the debt by who repays it. The part to be repaid from wastewater rates went from $3,738,632 to $48,541,588. That is the charge residents pay on the sewer part of their water bill. We did not find, in the documents we could read, a note saying which project the money was for.
Why it matters
A loan this size is repaid over decades, and the statements show it is to be repaid mostly from wastewater rates, not property tax. People who pay a sewer bill in Lakeshore will be paying it back. Whether the project was worth the cost, and how much the rates have to rise, are questions the Municipality has answers to but did not print in the statements.
It could be because…
The money may be for a large, already approved sewage treatment and collection project. The statements mention that the primary sewage system is run by the Ontario Clean Water Agency and that the Municipality must meet its capital costs and repay the loans.
Borrowing for long-lived pipes and plants is ordinary, because the people who use them over the next fifty years share the cost.
The Municipality may have borrowed at a good moment, ahead of construction, so the money has not yet been spent.
Council's long-term budgets may already show the rate increases needed to repay it.
Questions you could ask
Which project or projects did the $45,281,428 of 2024 borrowing pay for, and how much of it has been spent?
How much will the wastewater rate rise each year to repay the $48,541,588, and where are those increases in the long-range budget?
Why do the statements not name the project in the notes on long-term debt?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
Note 6, "Principal repayments on long-term debt will be funded as follows": Taxation $9,078,041 (2023 $9,823,819); User rates: Water 4,286,943 (2023 5,681,952); Wastewater 48,541,588 (2023 3,738,632); Benefitting landowners 225,638 (2023 322,537). "Interest rates range from 2.205% to 6.0%."
Note 13, "Contractual obligation - Ontario Clean Water Agency": the Municipality "is obligated to meet all operating and capital costs and repay the long-term liabilities related to these projects."
$31,140,748negative balance of the wastewater reserve fund at the end of 2023
A reserve fund is savings put aside for a named purpose. The statements' schedule of reserve funds shows the wastewater fund owed more than it held: (19,632,531) at the end of 2022 and (31,140,748) at the end of 2023. In 2024 the same schedule shows $51,199,034 moved in from operations, and an ending balance of 14,971,462. The same year the Municipality issued $45,281,428 of new debt, and the schedule of accumulated surplus shows a line, "Municipal Debt - Recoverable", of (45,281,428). We worked out that the $51,199,034 is close to the new debt plus other wastewater money, but the statements do not say so.
Why it matters
A fund that is negative means the wastewater system spent money it had not yet collected, and other funds or loans covered it. That can be fine for a big project, but it shows up on residents' bills later. The statements move a very large sum into the fund in one year without explaining where it came from.
It could be because…
A large sewage project was paid for up front from the town's other savings, with the plan to repay those savings from borrowing and from rates. A negative balance then shows the amount still owing to the other funds.
The 2024 transfer from operations may be the borrowed money (booked as a transfer) plus the year's wastewater revenue, not new tax or rate money.
Interest charged on the negative balance, shown in the schedule, may be an internal bookkeeping charge between funds and not paid to anyone outside.
Questions you could ask
What is the negative balance of the wastewater reserve fund owed to, and on what terms?
How much of the $51,199,034 transferred in 2024 was borrowed money, and how much came from rates?
Does Council see a statement of the wastewater fund's balance each year?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Schedule 3, Reserves and Reserve Funds, 2024: Wastewater, balance December 31, 2023 (31,140,748), interest earned (627,414), transfer from (to) capital/UWSS (4,459,410), transfer from operations 51,199,034, balance December 31, 2024 14,971,462.
Schedule 3, Reserves and Reserve Funds, 2023: Wastewater, balance December 31, 2022 (19,632,531), interest earned (934,460), transfer from (to) capital (21,060,250), balance December 31, 2023 (31,140,748).
Lakeshore spent $4.4M on running the town office in 2019 and $8.8M in 2024. Prices only went up about 18% in that time. Only 3 of 22 similar towns had faster growth here.
Why did the cost of running the town office grow 99% in 5 years?
Running the town office
Prices (inflation)
+0%+20%+40%+60%+80%+100%+120%
+99%
201920202021202220232024
Show as a table
Year
Running the town office
Prices (inflation)
2019
+0%
+0%
2020
+7%
+1%
2021
+47%
+4%
2022
+106%
+11%
2023
+108%
+16%
2024
+99%
+18%
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
Why it matters
Money spent running the office is money not spent on roads, water or safety. When office costs grow much faster than the services people see, it is fair to ask what the extra money is buying.
It could be because…
The town added a service, a building or staff that residents asked for.
Costs were moved from another area, so the total did not really change.
Accounting rules changed how costs are sorted.
Large one-time costs, like a study, lawsuit or repair, landed in one year.
Questions you could ask
What did the extra $4.4M a year pay for?
Why did office and administration go from $2.7M to $7.6M?
Was each increase approved by council as a separate decision, or did it happen through the yearly budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Running the town office: 2019 $4.4M, 2020 $4.8M, 2021 $6.5M, 2022 $9.1M, 2023 $9.2M, 2024 $8.8M.
$132,094,372cash and temporary investments at the end of 2024
At the end of 2024 the statements show cash and temporary investments of $132,094,372, up from $88,565,703. Over the same year the Municipality borrowed $45,281,428. The schedule of reserves and reserve funds totals 125,605,057, and deferred revenue (money received for a set purpose, such as development charges) is $12,704,968. Added together, those two are more than the cash (worked out by us), which means the cash is mostly spoken for. Investment income was $4,370,956.
Why it matters
A big cash pile next to new borrowing is a fair thing to ask about. Most of it is probably promised to projects and reserves, and a good part of the increase is the new loan. The question is how much is spent soon and how much is a cushion.
It could be because…
The cash rose largely because of the $45,281,428 of new debt, which was borrowed before the construction it pays for.
Reserves and deferred revenue are set aside by law or by Council for named purposes, so most of the cash cannot be spent freely.
Holding cash while borrowing can be a deliberate choice if investment income covers part of the interest.
Questions you could ask
How much of the $132,094,372 is borrowed money not yet spent?
What was the cash balance at the end of 2025?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
Schedule 3, Reserves and Reserve Funds: Reserve Funds and Reserves together 125,605,057 at December 31, 2024 (2023: 71,159,823). Note 11, Other income: "Investment income" $4,370,956 (2023 $3,495,573).
$10,416,490transportation spending in the 2024 statements, against a budget column of $5,562,562
In the 2024 statement of operations, transportation services were budgeted at $5,562,562 and actual spending is $10,416,490. Environmental services were budgeted at $17,515,958 and actual is $22,442,799. Recreation and cultural services were budgeted at $6,938,909 and actual is $10,773,982. The Municipality has explained it: note 15 says the budget "expensed all tangible capital expenditures rather than including amortization expense". Amortization is the yearly share of the cost of long-lived assets. The segment schedule shows amortization of 5,070,144 for transportation, 4,216,831 for environmental services and 2,972,669 for recreation. After taking that out, we worked out that transportation is under its budget and the other two are much closer to it.
Why it matters
A reader who compares the budget column to the actual column in the statements would think spending ran far over. The Municipality's note says why it did not, but only in the notes, and the budget it publishes for residents is built the other way.
It could be because…
The budget column is a restated version of the Council's budget so that it can sit next to the audited figures. It is not a failure to hold to the budget.
Spending on roads and recreation that is paid from reserves for capital projects is counted differently in the budget than in the statements.
Questions you could ask
Could the statements show a column for the budget as Council actually adopted it, so residents can compare like with like?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Consolidated Statement of Operations and Accumulated Surplus, 2024 budget and actual expenses: Transportation services 5,562,562 and 10,416,490. Environmental services 17,515,958 and 22,442,799. Recreation and cultural services 6,938,909 and 10,773,982. Total expenses 50,425,234 and 64,869,827.
Note 15, Budget amounts: "The budget is unaudited and was prepared on a modified accrual basis while Public Sector Accounting Standards now require a full accrual basis." "In addition, the budget expensed all tangible capital expenditures rather than including amortization expense." Budget reconciliation adds "Amortization of tangible capital assets" 12,922,805 and removes "Capital expenditures" (26,184,279).
10,994,495amortization in the cash flow statement, against 12,875,696 in the net financial assets statement
The statement of cash flows shows amortization of tangible capital assets of 10,994,495. The statement of change in net financial assets shows 12,875,696 for the same item. Schedule 1 shows 12,873,252. The cash flow statement's total of 32,052,530 adds up with the lower figure, so the difference sits in another line (worked out by us). Separately, note 15 says Council adopted the budget on "February 15, 2024" in one sentence and "February 27, 2024" two sentences later.
Why it matters
Small mismatches in audited statements are usually typing or presentation slips, not missing money. They are worth fixing because the statements are the record people check against, and they were signed a long time after year end.
It could be because…
The cash flow statement may show amortization net of an offsetting item, with the other part in another line.
The two dates may be a typing slip, or one may be the date of a Council vote and the other the date the by-law was passed.
Questions you could ask
Which line of the cash flow statement carries the difference from the 12,875,696 shown elsewhere?
On which date did Council adopt the 2024 budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Statement of Cash Flows, Items not involving cash: "Amortization of tangible capital assets" 10,994,495 (2023 12,823,959). Cash provided by operations 32,052,530.
Note 15, Budget amounts: "The Financial Plan (Budget) By-Law adopted by Council on February 15, 2024" and, a few lines later, "the Financial Plan adopted by Council on February 27, 2024".
1.76 per centthe property tax rate increase Council adopted for 2026, down from a proposed 4 per cent
The Municipality's Budget and Finances page lists budgets up to 2023 as PDF books. For 2024, 2025 and 2026 the page links an interactive web application. We could not read figures out of it, so this pack has no 2026 budget figures except those the Municipality printed in its news releases: the draft showed total expenditures of $65.7 million, up from $64.1 million in 2025, and a 4 per cent tax rate increase. On December 4, 2025, Council cut that to 1.76 per cent and, among other changes, removed the Council wage increase for cost-of-living adjustment.
Why it matters
A web application can be easy to explore, but it is harder to save, search, compare year to year, or keep as a record that cannot change. A residents' guide to a budget should be readable by people who have no time for a web tool, and by people who check budgets for a living.
It could be because…
The Municipality may publish a PDF or download of the final budget somewhere we did not look, or may provide one on request.
An interactive application can be chosen because it is easier to explore, not to hide anything.
Questions you could ask
Is the adopted 2026 budget published as a document that can be saved and searched?
What was the dollar effect of each amendment Council made on December 4, 2025?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Budget and Finances page: budgets listed as PDFs, "2023 Final Budget" back to "2019 Budget". The 2024, 2025 and 2026 entries link to "2024 Budget page", "2025 Budget page" and "2026 Budget page".
2026 Budget page: "Welcome to Lakeshore's 2026 Budget application! This interactive, Web-based application features interactive tables and charts, and lets users explore individual budget centres."
Draft budget highlights, November 19, 2025: "Total Expenditures: $65.7 million, up from $64.1 million in 2025". "The Draft Budget proposes a 4% tax rate increase".
Council's changes on December 4, 2025 "lowered the proposed 4 per cent tax rate increase down to 1.76 per cent". The Municipality says this was Council's first budget under the Strong Mayor legislation and that the Mayor "would not exercise her authority to veto the changes".
Amendments list: "Removed the Council wage increase for cost-of-living adjustment." The page says: "These highlights are not official minutes of the meeting".
June 30, 2022end of the last Integrity Commissioner report posted on the Municipality's page
An Integrity Commissioner investigates complaints that a council member broke the code of conduct and gives members advice. Lakeshore's Integrity Commissioner page lists reports for October 2020 to June 30, 2022, from the earlier commissioner. The page says the current commissioner, a firm, was appointed effective July 1, 2022. We found no report from the firm on the page. The last report we read says there were "no new Complaints" in the first half of 2022. We do not know whether there have been complaints since.
Why it matters
The Integrity Commissioner is the check on how members of Council behave. Residents cannot tell from the page whether the quiet since mid-2022 means no complaints, or reports that are filed somewhere else.
It could be because…
Reports may be filed in Council agendas, which we could not read because the meeting portal refused scripted downloads.
There may have been no complaints or advice requests worth a public report.
The page may simply not have been updated.
Questions you could ask
Has the current Integrity Commissioner reported to Council since July 1, 2022, and where can residents read it?
How many complaints has the Integrity Commissioner received since July 1, 2022, and how many were dealt with in public?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
The Integrity Commissioner page says the firm "was appointed as the Integrity Commissioner for the Municipality of Lakeshore effective July 1, 2022". Under "Annual Reports from the Integrity Commissioner" the newest listed is "Report - Update on Activities, January 1, 2022 to June 30, 2022".
Report to Council dated 25 July 2022, "PART V – INQUIRIES AND COMPLAINTS": "There were no new Complaints during this period." "From January 1st, 2022 to June 30th, 2022, there was one request for a Formal Letter of Advice."
Lakeshore spent about $297 per home on garbage, dump and recycling in 2024. The typical similar town spent $0. None of the 22 similar towns spent more.
Why it matters
Spending more than neighbours is not wrong by itself. It might buy better service. But it is the first place to look for costs that could be lower, such as contracts that were not competitively bid.
It could be because…
Geography: more roads, more snow, a bigger area or a landfill of its own.
Accounting: some towns record the same cost in a different category.
A one-time cost in this year.
Questions you could ask
What makes this cost higher here than in similar towns?
When were the main contracts in this area last put out to competitive tender?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Lakeshore?Send us your answer and we will publish it with this question.
The evidence
Garbage, dump and recycling per home: Lakeshore $297; typical similar town $0; ranked 1st highest of 23.
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