The annual financial statements present the financial position of the municipality as of December 31 of each year and are presented on a model provided by the Ministry of Municipal Affairs and Regions. These financial statements are required to be audited by an auditing firm annually and they emit an opinion on the data presented. Since December 31, 2007, financial statements of municipalities are consolidated, that is to say, they include the portion of the municipal assets found in organisms grouped, such a board, or agency agreement. For the municipality of Orford, consolidation meant, for 2007, the Board of Police Memphremagog. more... See more text