Elexicon Revenue Discussion

During the General Government Committee meeting on November 30, 2020, a resolution was passed requesting Elexicon to provide a detailed explanation regarding a revenue drop of $1.2 million to Clarington in 2019. The committee also requested a pro forma profit and loss statement for Elexicon's non-regulated entity for the same year, rather than just the top line revenue. Additionally, a breakdown of the revenue for the year 2020 to date was requested. This inquiry aims to enhance understanding of Elexicon's financial health and revenue streams, which is essential for budget planning and financial accountability within the Municipality.