Title
11:00 a.m. Appointment - KPMG
2020 Audited Financial Statements
(John Stelter, Partner, Audit and Tasha Olivieri, Senior Accountant, Audit)
Proposed Motion
That the 2020 Audited Consolidated Financial Statements be approved, as presented.
Body
Administration Recommendation
Administration supports the proposed motion.
Purpose
Pursuant to Section 276 (1) of the Municipal Government Act, on an annual basis the municipality must produce an Audited Financial Statement. This report documents the County's 2020 financial position and is an important element of the County's commitment to transparency and communication.
Summary
Administration is pleased to present to Council the 2020 Audited Consolidated Financial Statements (Attachment 3). KPMG, the County's independent auditor, has audited the consolidated financial statements and has provided an unqualified opinion on the Financial Statements. The Audit Findings Report has also been attached for Council's information (Attachment 2).
Strategic Plan/Policy/Legal/Staff Implications
Core Value - Responsibility : We focus on operating in a safe, efficient, reliable, and cost effective manner, acting today with the interests of tomorrow in mind.
Section 276(1) of the Municipal Government Act.
Financial Impact:
Cost: N/A
Source of Funding: N/A