{"id":61210,"date":"2025-12-19T20:41:59","date_gmt":"2025-12-20T00:41:59","guid":{"rendered":"https:\/\/thelaker.ca\/?p=61210"},"modified":"2025-12-19T20:41:59","modified_gmt":"2025-12-20T00:41:59","slug":"halifax-water-addresses-commentary-regarding-its-financial-management","status":"publish","type":"post","link":"https:\/\/staging-z.thelaker.ca\/?p=61210","title":{"rendered":"Halifax Water addresses commentary regarding its financial management\u202f"},"content":{"rendered":"\n
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HALIFAX: <\/strong>Halifax Water is addressing recent public comments about its\u00a0financial management\u00a0and rate-setting process to reaffirm its commitment to transparency and accountability.\u00a0<\/p>\n\n\n\n

The financial statements of Halifax Water are audited by\u00a0an\u00a0independent audit by Doane Grant Thornton LLP.\u00a0\u00a0<\/p>\n\n\n\n

Doane\u00a0Grant\u00a0Thornton LPP opinion\u00a0dated September 25, 2025, states,\u00a0\u00a0<\/p>\n\n\n\n

\u201cIn our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Halifax Water as at March 31, 2025, and its financial performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards)\u201d.<\/em> <\/em><\/em><\/p>\n\n\n\n

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Further, in its December 16, 2025, decision on Halifax Water\u2019s General Rate Application (GRA), the Nova Scotia Regulatory and Appeals Board (the Board) expressed confidence in Halifax Water\u2019s operations, financial integrity, and transparency,\u00a0stating:\u00a0<\/p>\n\n\n\n

\u201cIn their appearances before the Board, Halifax Water staff were well-prepared, professional, and competent. The Board has found no reason to question the day-to-day financial activities and transactions at Halifax Water. Extensive and thorough information was provided.\u201d<\/em>\u00a0<\/p>\n\n\n\n

While the Board approved a rate increase to address rising costs and infrastructure needs, it also requested adjustments to certain proposals to avoid a significant rate increase for customers. <\/p>\n\n\n\n

Halifax Water respects this decision and is recalculating certain aspects of our proposal\u00a0in accordance with\u00a0the Board\u2019s directives.\u00a0<\/p>\n\n\n\n

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Separate Code of Conduct Allegations<\/strong> <\/p>\n\n\n\n

Separately, Halifax Water is investigating alleged concerns related to our Code of Conduct.  This matter is unrelated to the Board\u2019s decision and is being reviewed by an independent third party to ensure a fair and thorough process. This is a personnel matter, which we will not discuss publicly at this time. However, if required, appropriate actions will be taken. <\/p>\n\n\n\n

Commitment to Accountability and Transparency<\/strong> <\/p>\n\n\n\n

As a municipally owned, not-for-profit utility, Halifax Water reinvests every dollar collected through rates into operating,\u00a0maintaining\u00a0and improving essential water, wastewater, and stormwater services for HRM residents. We\u00a0remain\u00a0dedicated to:\u00a0<\/p>\n\n\n\n

\u00b7       Transparency in financial and operational practices <\/p>\n\n\n\n

\u00b7       Affordability and sustainability in rate-setting <\/p>\n\n\n\n

\u00b7       High service standards for our customers <\/p>\n\n\n\n

For more information on Halifax Water, please check www.halifaxwater.ca<\/a>, visit us on YouTube, or Twitter @HalifaxWater, Facebook, or call our Customer Care Centre at 902-420-9287.\u202f\u202f <\/p>\n\n\n\n

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HALIFAX: Halifax Water is addressing recent public comments about its\u00a0financial management\u00a0and rate-setting process to reaffirm its commitment to transparency and accountability.\u00a0 The financial statements of Halifax Water are audited by\u00a0an\u00a0independent audit by Doane Grant Thornton LLP.\u00a0\u00a0 Doane\u00a0Grant\u00a0Thornton LPP opinion\u00a0dated September 25, 2025, states,\u00a0\u00a0 \u201cIn our opinion, the accompanying financial statements present fairly, in all material […]<\/p>\n","protected":false},"author":2,"featured_media":53470,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,957],"tags":[1350,9959,45,121,48,1077],"class_list":["post-61210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","tag-finances","tag-financial-management","tag-halifax-water","tag-hrm","tag-n-s","tag-nova-scotia"],"_links":{"self":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/61210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61210"}],"version-history":[{"count":0,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/61210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/media\/53470"}],"wp:attachment":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}