Title
2011 Audited Financial Statements
Proposed Motion
That the 2011 Audited Financial Statements be approved as presented.
Body
Administration Recommendation
Administration supports the proposed motion.
Purpose
Pursant to Section 276(1) of the Municipal Government Act on an annual basis the municipality must produce an Audited Financial Statement.
Summary
Administration is pleased to present to Council the 2011 Audited Financial Statements (Attachment 1). The auditor has provided an unqualified opinion on the Financial Statements and, as outlined in the Audit Findings Report to Council, has made suggestions for continued improvement that can be implemented into the County's accounting practices.
Strategic Plan/Policy/Legal/Staff Implications
Section 276(1) of the Municipal Government Act.
Financial Impact:
Cost: N/A
Source of Funding: N/A