REGIONAL DISTRICT OF CENTRAL KOOTENAY STATEMENT OF FINANCIAL INFORMATION APPROVAL The undersigned, as authorized by the Financial Information Regulation, Schedule 1, subsection 9 (2) approves all the statements and schedules included in this Statement of Financial Information, produced under the Financial Information Act. Heather Smith, CPA, CGA Ae Hamling C Chief Financial Officer Chair June 16, 2016 June 16, 2016Regional District of Central Kootenay Box 590, 202 Lakeside Drive, Nelson, BC VIL 5R4 Web: wowwrdck.ca Telephone: (250) 352-6665 Email: info@rdek.be.ca BC Toll Free: 1-800-268-7325 Fax: (250) 352-9300 June 16, 2016 Director, Local Government Infrastructure Ministry of Community, Sport and Cultural Development PO Box 9490 Stn Prov Govt, Victoria, B.C. V8W 9N7 Dear Sir or Madam: Re: FILING UNDER THE FINANCIAL INFORMATION ACT STATEMENT OF FINANCIAL INFORMATION ‘On June 16, 2016, the Board passed the following motion: “The Schedule and Statement of Financial Information for the Fiscal Year Ended December 31, 2015, having been received, be approved for release in accordance with the Financial Information Act, with a copy to be filed with the Ministry of Community, Sport and Cultural Development.” Enclosed are the following documents as required under the Financial Information Actin draft format until Board approval: ‘+ Statement of Financial Information Approval; ‘© Schedule and Statement of Financial Information for the year ended December 31, 2015; ‘* Financial information Regulation Schedule 4 ~ Checklist - Statement of Financial information (SOF!) Please contact me if you require any further information. Sincerely, Lear 9 Erath Heather J Smith, CPA, CGA Chief Financial Officer Enclosures MUNICIPALITIES: Cities: Castlegar, Nelson Town: Creston Villages: Kaslo, Nakusp, New Denver, Salmo, Silverton and Slocan & ELECTORAL AREAS: *A:Wynndel/East Shore Kootenay Lake +B *C*D +E #F +6 +The Slocan Valley elel-LowerArrow/Columbia *kThe Arrow LakesREGIONAL DISTRICT OF CENTRAL KOOTENAY Nelson, BC SCHEDULE AND STATEMENT OF FINANCIAL INFORMATION For the Year Ended December 31, 2015REGIONAL DISTRICT OF CENTRAL KOOTENAY Nelson, BC FINANCIAL STATEMENTS December 31, 2015Regional District of Central Kootenay ——_—$_ Box 590, 202 Lakeside Drive, Nelson, BC VIL 5R4 ‘Web: www.tdl Telephone (250) 352-6665 info@rdck.be.ca BC Toll Free 1-800-268-7325 Fax: (250) 352-9300 MANAGEMENT REPORT ‘The consolidated financial statements have been prepared by management in accordance ‘with Canadian public sector accounting standards and the integrity and objectivity of these statements are management's responsibility. Management is also responsible for all the notes to the consolidated financial statements and schedules, and for ensuring that this information is consistent, where appropriate, with the information contained in the consolidated financial statements. ‘Management is also responsible for implementing and maintaining a system of internal controls to provide reasonable assurance that reliable financial information is produced. ‘The Board is responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control and exercises this responsibility through the Board. The Board reviews internal financial statements periodically and external Audited Financial Statements yearly. ‘The external auditors, Berg Lehmann, Chartered Professional Accountants, conduct an independent examination, in accordance with generally accepted auditing standards, and express their opinion on the consolidated financial statements. Their examination includes a review and evaluation of the District’s system of internal control and appropriate tests and procedures to provide reasonable assurance that the financial statements are presented fairly, The external auditors have full and free access to the financial management of the Regional District of Central Kootenay and meet when required. On behalf of the Regional District of Central Kootenay Heather Smith, CPA, CGA. Chief Financial Officer Regional District of Central Kootenay Tune 16, 2016aetna) INDEPENDENT AUDITORS' REPORT To The Board of Directors of the Regional District of Central Kootenay We have audited the accompanying consolidated financial statements of the Regional District of Central Kootenay, which comprise the consolidated statement of financial position as at December 31, 2015, and the consolidated statements of operations, changes in net debt and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation of these consolidated financial statements in accordance with Canadian pubic sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibilty is to express an opinion on these consolidated financial statements based on our audit, We conducted our audit in accordance with Canadian genefally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. ‘An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. fa]Ses ea *CpA INDEPENDENT AUDITORS' REPORT (continued) To The Board of Directors of the Regional District of Central Kootenay Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Regional District of Central Kootenay as at December 31, 2015, and its consolidated financial performance and cash flows for the year then ended in accordance with Canadian pubic sector accounting standards Other Matters ‘Our audit was conducted for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The supplementary information is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such supplementary information has not been subjected to the auditing procedures applied in the audit of the consolidated financial statements and, accordingly, we express no opinion on thereon. 4th Chartered Professional Accountants dune 16, 2016 Nelson, B.C.Exhibit REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2015 2018 2014 FINANCIAL ASSETS Cash and temporary investments (nota 2) S 31,982,514 $35,856,474 ‘Accounts receivable 1,168,711 1,832,442 Due from member municipalities (note 4) 21,698,204 23,550,528 Due from member muniipalities-accrued interest 254,914 256,340 55,094,340 61,496,782 LIABILITIES ‘Accounts Payable and accrued lablities 2,953,913 5,486,288 Acorued intorest payable - MRA. ‘534,448 547,047 Landfill closure and post closure costs accruals (note 6) 3,904,957 5,252,005 Capital Lease Obligations (note 8) 335,215, 1,208,318 Debenture Debt MFA (note 7) 87,451,223, 60,955,580, Equipment financing loans (note 8) 194,028 - Deferred revenue (note 9) 589,631 637,764 15, 74,087,089 NET DEBT (Exhibit "3") (11,369,075) (12,591,907) NON-FINANCIAL ASSETS: Works-in-progress (note 10) 4,977,609 6077977 ‘Tangible capital assets (note 11) 94,606,326 89,429,932 ‘Assets under capital loase (note 11) 1,708,429 1,898,727 lnventory of supplies 151,904 161,103, Prepaid expenses 570.634 470,840 99,014,902 98,038,579 ACCUMULATED SURPLUS $_97,645927 $85, SURPLUS BALANCES. Unrestricted S 2,402,022 $1,925,822 Restricted reserve funds (note 13) 23,662,903, 24,728,186 Equly In tangible capital assets (nate 14) 58,793,264 $_85.447,272 CONTINGENT LIABILITIES (note 16) COMMITMENTS (note 17) A Q Damathe criet Fania OfcerREGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF OPERATIONS For the year ended December 31, 2015 REVENUE Tax Low User Fees Grants and donations Gas Tax grant Committed funding - Columbia Basin Trust Donated Land Interest earnings Interest earnings - Capita funds Intereet eamings - Reserve funds Rental revenue Permit feos Cost racoverias and contract revenus Sale of materials Gain on disposal of equipment EXPENSES: Legislative - directors expenses Administration services ges and employees benefits Provision for Landfill closure and post closure costs sities General - operations and maintenance \Vehleles - operations and maintenance Equipment - operation and maintenance Grants Financial services grant ‘Committed funding ~ Columbia Basin Trust Services contracted out Debt services charges - interest Amortization Loss on disposal of equipment ANNUAL SURPLUS (note 18) ACCUMULATED SURPLUS, BEGINNING OF YEAR ACCUMULATED SURPLUS, END OF YEAR bea ter Pratl orios rinancat omcer Budget ‘Actual 2015 2018 $24,962,712 $24,954,497 7,728,553 8,667,339 +1600,662 2,808,312 : 11,289,780 : 1,227,496 90,000 117,362 . 369,958, : 303,307 507,013, 484,850 480,000, 522,487 504,403 625,409 50,040 18,288 90,000 : 36,001,283 40,884,035 962,548 re1023 4,398,652 4,528,503 12,857,316 12,816,878 69,262 109,520 41.249,403, 4,260,406 2iea7ast .—14638,624 529,502 534,455, 627463 567,263 3661127 2,218,788 2,499,304 : 41473,086 8,658,701 526,086 41961702 4,668,754 - 5,410,690 : 8.184 Eis EE 2,000,608 2,190,555 06,447,272 $97,645,827 8 Exhibit" Actual 2014 24,183,592 8,072,045 24 5.478445, 4,304,528 295,800 188,940 308,058 319,203 520,003 482,947 472,786 19/043, 44,484,002 705,813 4,862,723 412,188,738 440,663, 4,293,084 4,753,425 638,207 727,107 2,020,988 2,256,485 1,242,863 4,816,728 1,881,264 4,975,031 144,478 nos, 484,791 __ 80,905,484 § 85,447,272REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CHANGES IN NET DEBT For the year ended December 31, 2015 ANNUAL SURPLUS ‘Acquisition of tangible capital assots Capital asset donations received New capital leases in the year Amortization of tangible capital assats including leases Decrease (increase) in Works-in-progtess net of transfer Net book value of sold and donated vehicles Decrease (Increase) in supplies inventories Increase in prepaid expense (CHANGE IN NET DEBT NET DEBT AT BEGINNING OF YEAR NET DEBT AT END OF YEAR Pearher) Nmixh cnet ands! once Actual 2015 $_ 2,198,555 (10,418,769) 5,410,690, 4,100,368 22,043 (885,728) 9,199 (99,794) 90,595) sama 12,591,507) -S (11,369,075), Actual 2014 4484 4 (1,787,358) (295,880) (450,703) 4,975,031 (6,648,357) 446,209 031,045 (26.878) ___ 08070) 134,945) 316,801 12,007,108) (12,501,307,Exhibit "4" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended December 31, 2015 2015 OPERATING ACTIVITIES ‘Annual surplus 2,198,555 Non-cash ltoms ‘Amortization 5,410,630, Less on dispose! of equipment 6,134 Capital donation of and ‘Actuarial adjustments (369,959) Changes In propald expenses (09,794) Changes in inventory of supplies 956,210 ‘Changs to financial assets ‘Acentntsrecelvable 663,731 Other receivables 4,420 35,160 ‘Changes to financial labties ‘Acoounts payable and accrued labios (2,832,375) LLanefil closure & post closure costs accruals (1,347,438) ‘Accrued intrest (12,599) Deford revenue een AAS : 8.240.242) Cash Provided By Operating Activites 3,879,683, CAPITAL TRANSACTIONS ‘Acquisition of tangible capital assets (10,418,769) Proceeds from sale of tangible capital assets 15.909, Decrease (Increase) In Works-tn-progress net of transfer 4,100,368 Now capital lsases in the year = ‘Cash appled to capital transactions BF FINANGING ACTIVITES _ Capital borowing - Equipment financing borrowing 202,392 Capital lease obligations 3 ‘Repayment of principal on capil lease obligations (273,103) Repayment of principal on equipment financing loans (8,364) Repayment of iong-term debt 1,272,076) ‘Cash Provided By Financing Activities (451,154 INCREASE IN CASH (3,873,960) CASH, BEGINNING OF YEAR 35,956,474 CASH, END OF YEAR 3 31,982,514 Meathe J Drath cetera Oten 2014 4.491.791 4975.031, 144,479 (295,890) (308.055) (68,070) 36,875) F362,619 (158,781) 550 63,131) 2,625,084 440,683 (18,829) 211.413) 162.475) 7,540,804 (1,787,388) 1,780 (6.848.357) (450,703), (8,554 565) 3,987,208, 450,704 (741,595) 1,459,000) 917 314 1.453 502 8 35,058,474Exhibit "5" REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at Decombor 31, 2016 1. SIGNIFICANT ACCOUNTING POLICIES Basis of Prosentation ‘The consolidated financial statements reflect all revenues, expenditures, assets and lables ofthe Regional District of Central Kootenay. itis the District’ poiy to follow accounting principles generally accopted for Bish Columbia Regional Distiets and apply such principles consistent. The slatemenis have been propared in accordance with Canadian pubile sector accounting standards, as established by the Public Sector Accounting Board (PSAB) of the CChartored Professional Accountants of Canada, “The focus ofthe PSAB statements ison the nancial poston ofthe District and the changes thoroto. The Statement cof Financial Position includes al the assets and labile ofthe District. This provides information about tho District's ‘overal futur revenue requirements and its ably to finance activites and meet is cbigations, ‘These consolidated statements include accounts of al the funds ofthe Regional Distict of Central Kootenay. Inter- fund transactions and balances have been eliminated. Revenues are accounted fr inthe period in which th ‘transactions or events occurred that gave rise to the revenues. Expenditures are accounted for in the perlod the ‘goods and services are acquired and a fabity fs incured or tranefors are due. Basis of Accounting, ‘The resources and operalions of the District are segregated into various funds for accounting and fancial reporting purposes, each boing treatod as a separate entity with responsibity forthe stewardship ofthe assots allocated tot. The Distro has the folowing funds: ‘Operating funds ~ these funds are used to record the operating acts af the District including general ‘operations and the water and transi ules. Capital funds - these funds are used to record the acquisition and financing ofthe capital assets. Cpt funds hhave been estabiistied forthe general operations andthe water and transit utes. Reserve funds - these funds have been estabished to hold funds for specific requirements, ‘The Distro follows the accrual method of recording Interest on long-term debt. Financial Instruments ‘The District's nancial instruments consist of cash, Investments, accounts receivable, accounts payable, capita! lease obligations, and long term debt. itis managements opinion tht the Districts not exposed to significant interest, ‘currency, or credit risks arising rom these fancil instruments. The fair values ofthese fnanclalinetuments approxitate thelr earying valu.Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS: As at December 31, 2015 4. SIGNIFICANT ACCOUNTING POLICIES (continued) Investments Investment deposits are recorded at cost, except Municipal Finance Authory (MFA) Investment deposts which are recorded at market value. ‘Tangible Capital Assets Tangible captal assets, comprised of capital assets and capital works In progress, are recorded at cost less accumulated amortization and are classed according io thelr functional use. Amortization is recorded on a straight. line basis over the estimated useful ie ofthe asset wit one hai of the amortization taken inthe year the asset is put Into service, Donated tangible assets are reported at far value atthe time of donation, Estimated useful lves are as, fallows: ‘Building and busing components 20 t0 40 yoars Engineering structures (inciuding land improvements) 5 to 60 years Paving 18 to 40 years Operating and office equipment 5to 20 yoars Leased Assets Leases entered into that transfer substantially al the benofis and risks associated with ownership are recorded as the acquisition ofa tangible capital asset and the Incurconca of an obligation, The assets emortized in a manner consistent with tangible capital assets owned by the District and the obigation, including interest thereon, is lquldated ‘vor the term of the lease. All other leases are accounted for as operating leases, and rental costs are exponed as Incurred. Deferred Revenue Funes recalved for spectc purposes which are externally restricted by legislation, regulation or agreement and are ‘ol available for general munilpal purposes are accounted for as deferred ravenue onthe statement of financial position. ‘The revenue Is recognized inthe statement of operations In the year in which iis used forthe spectiod Purpose. Use of Estimates “The preparation of fnancal statements in accordance with Canadian puble sector accounting standards requtes ‘management to make estimates and assumptions that affect the reported amounts of assets and lebiltias at he dato ‘ofthe financial statements, and the reported amounts of revenues and expendtures during the reporting period Significant areas requing estimates include the usefl if of tangibe capital assets for emortzaton and tho provision for any contingencies, Actual results could for form managements best estimates as addtional Information becomes available inthe future.Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As at Decembor 31, 2015 1, SIGNIFICANT ACCOUNTING POLICIES (continued) Rovonue Recognition “Taxes are recognized as revenue in the year they ae levied. Charges for water usago are recorded a user fes inthe year they are charged, Conditional grant revenue fs recognized to the extent the imposed concltons are met, Unconditional grant revenue is recognized wen monies A, Grants forthe acquisition of tangible capital assets are recognized in the period the expenditure Is made. ‘Sales of services and other revenue is recognized on an secrusl basis. Building Permit revenue ls recorded when cash Is recolved Inventories Inventories held for eonsumption sre recorded atthe ower of cost or net realizable value, Government Transfers Government transfers are recognized as revenue inthe period that the transfer ls authorleed, eligibility entra, any, hhave been met, and a reasonable estimate ofthe amount to be received ean be made. 2, CASH AND TEMPORARY INVESTMENTS 28a FResorvofunde and temporary investments $29,002,803 $24,728,100 Deferred funds (note ©) 697,761 Unestited essh and temporary investments 10,400,507 335,856,470 3, CREDIT FACILITY The Regional District has a credit actly agreement wit a nancial nstution which provides fora total commitment ‘0f $5,000,000. At December 31, 2016, the Regional Distt had drawn an amount of SN (2014- SNi) on tis, agreement. 4, DUE FROM MEMBER MUNICIPALITIES. “The Regional District of Contral Kootanay borrows funds from the Municipal Finance Authorty on behalf of ts ‘member municipalities, The amounts due from the municipalfes Is ther portion ofthe debenture debt outstanding.Exhibit" REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2015 5, CLOSURE PLANS - LANDFILLS “The Reglonal District of Central Kootenay has had engineers prepare design and operation plans for the ecive District lands. These plane include detailed sequencing of land closure phases and costs associated with each phase. The net present value ofthe landil closure and post closure monitoring coss forthe next several years is as follows: EastWaste Central Waste _West Waste Cumulative Capacly Used to Date (m2) 143,048 240,508 791,808 Total Capacty ofthe Silo 907,000 +1048,000 2,887,800 ‘Annual postclosure costs Years 1-10 $ 35500 $ 42.600 $58,000 Years 11-25 Here Bo Post closure care period in years 25 25 25 Projected year Site Closure 2082 2078 2050 Projected PV Costof Site Closure and Post Ciosure § © 5,275,000 $ $5,987,000 Landfill lability and cost accruals 2015 2018 Lan Liabitty Open Sites 5,064,769 4,904,944 Land Liabilly Closed Stes __ 6,848 298,246 Total Landi Liat $ 5361,618 $581,160 Closure costs expended (1,458,668) (29,085) Net Total Landfill Liabity $3904.57 _$_5.252,005 Funded abity 2,590,675, 4,929,246 Unfunded iabity 41374,284 422,850 S_s90ass7, §5752,085 ‘The unfunded filly at December 31, 2015 Is comprised of $2,407 forthe Eastern Subregion, $99,669 forthe Contral Subregion, and $1,902,181 for the Waster Subregion, Adltlonal contributions have been budgeted over the next fv years to ensure each subreglon's lanl aby i uly funded.Exhibit "5° (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2015 6. CAPITAL LEASE OBLIGATIONS “The Regional District of Central Kootenay has leased certain pleces of equipment for specie purposes. Al the end of teach lease, the Distrlet has the option te putchase the equlpment or renew the lease. The minimum lease payments including purchase options forthe next four years ara as flows: 2016 2017 2018 2019 Less: Amount representing interest ‘Add: PST paysble 7, DEBENTURE DEBT- MFA, 328,287 243,019 75,465 184,105 805,875 25,300 84,640 Debt principal i reported net of sinking fund balances, and interest expense is reported nat of sinking fund eamings.. Inoluded in the debenture debt fs debt that the Distict has incurred on behalf of ts member municipalities, Debenture debt outstanding located as flows: ‘Due from member municipalties (see note 2) (Owing by the Distt Debenture debt outstanding i win funds (See Seheeue 2015 21,688,208 35,763,019 57,451,223 pote $23,860,628 ——37405,086 $60,985 500 ‘The debenture debt bears various interest rates sot atthe time of borrowing and adjusted on the 40th anniversary if plicable; debt has varying matuny dates, ‘The estimated principal payments required inthe next ve years, on the Districts portion ofong-term debt, are as follows: 2018 207 2018 2019 2020 1,985,971 4,744,035 1,816,874 ‘843,044 1,804,535Exhibits" REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at Decomber 31, 2015 |. EQUIPMENT FINANCING LOANS -MLF.A Debt Interest Year of rginat Balance Balance Bylawe rates Maturity Issue 2018 2014, Westem star 388/15 1.49% 2020, $s Toga $71,863. : Vehicle B74 1.49% © 2020 36,208 38,577 : Phone system 63715 1.43% 2018 53.858 83,888 $20.90 104028 2 “The estimated principal payments raqurad in the next fluo years, on the equipment financing debt, are as follows: 2016 60,707 2017 51408 2018 52,254 2o19 24,168 2020 15,480Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2015 8. DEFERRED REVENUE Boginning Ending Balance Additions Roduetions Balanco Trans Canada Trall Funding 66,072 . 65072 S Recreation Gontros 243,875 299,575 243,875 239,575 Columbia Basin Trust 107,908 4,301,987 1,237,404 ta771 (BT Community Directed 100,000 - 31,123, 68.87 Other 119,908 a. Trans Canada Trail Funding Agrooment {n.2014, Trans Canada Trail provided funding of $347,939 forthe development ofthe Trans Canada Tra as part of tho Blllant Bridge restoration project. During the year the District transferred $68,072 to reserves as the terms ofthe agroornont had been met. b. Recreation Gentros Deferred Revenue “The Distt has a curent balance of $20,575 of funds recsived in advance of programming from reerestional centre Users. These funds are recognized in revenue in the future period whoo ihe related programme has been provided ©. Columbia Basin Trust ‘The Distict received $1,900,680 (2014- 1,294,227) in Grant funding and funds returned from completed project, Intorest of $1,397 (2014 - $1,469) was received in the current yoar. During the year total of $1,237,104 (2044 = $1,807,889) was expended. 4. CBT - Community Directed Funds |n2018 The Distct received $100,000 in grants for Community Initalvas in the Slocan Valley. The District expended $31,123 (2014 - nif of these funds inthe curent year €. Othor Doferred Revenue The Distt has received $108,408 in various depostts. These funds are recognized in revenue inthe flute perlod when the related programme has been provided. 10, WORKSAN-PROGRESS ‘Worksin-progress Includes water treatment projects, transfer station upgrades, North Shore Hall energy upgrades, and repair af the NOCC aquatic centr,Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at Docomber 31, 2015 ‘1, TANGIBLE CAPITAL ASSETS AND ASSETS UNDER CAPITAL LEASE TANGIBLE CAPITAL ASSETS Goneral Capital Fund ane Bung and bung componenis Engineering stuctues (neluding and improvements) Pav Gporating and ofce equipement Acournulated amortization Net General Capltal Fund Tangible Capital Assets ‘Water Uslity Capital Fund Land ‘Building and butding components Engingering structures (Including land improvements) Paving Operating and office equipment Accurulsted amortization Not Water Utity Capital Fund Tangible Capital Assets Transit Utility Capital Fund Bus Shotters| ‘Accumulated amortization Net Tranot Utity Capital Fund Tangible Capital Assets TOTAL NET TANGIBLE CAPITAL ASSETS ASSETS UNDER CAPITAL LEASE Goneral Capital Fund Building and building components Operating and office equipment ‘Accumulated Amortization Water Usity Capital Fund Operating equipment ‘Accumulated Amorization ‘TOTAL NET ASSETS UNDER CAPITAL LEASE 2016, 2014 $ 995133 $8,085,400 67,206,015 84,246,181, 13,265,988 11,235,918, 441,047 48,128,275, 705,609,458 | ~T04,t16,629, (37,244,659) _ (24,809,525), 71,454,799 69,227,008 4,430,708 1,430,700 4,341,997 4,941,937 23,717,898 19,973,818 ‘585,871 8,871 888,585 478,836 B,747,980 Beas, t7t (7,828,150) _(6,990,001) 22,889,890 _19.924.170_ 341188 aat,188 (79,494 (62432 261,687 270,755 8.328 $09,429,992 8 - 8 : 252,480 2521,160 (o22.539 (38562) 4,690,627 4,982,598 37,905 37,965 (29,183 1,836) so 16,120 $_ 1703.42 STO,REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at Decembor 31, 2015 12, DEBT RESERVE FUNDS - MUNICIPAL, FINANCE AUTHORITY ‘The Municipal Finance Authority of Brish Columbia provides capital financing for regional districts and thels member municipaitis, The Authority is required fo establish a Debt Reserve Fund. Each regional disc, through ts ‘member municipalities who share in the procoods of the debt issue i, required to pay nto the Debt Reserve Fund ‘certain amounts set outin the debt agreements. The interest earned by the Fund less administrative expenses becomes an obligation tothe regional districts. If at ery Lime a reglonal strict has insufficient funds to meet payments on its obligations, It must then use the monies tots credit within the Debt Reserve Fund. Upan maturity of ‘adebt issue, the unused portion of the Debt Reserve Fund established fo that issue willbe discharged tothe Regional Distt or the Muniipaly. The prooeeds from theso discharges wil be credited to incame inthe year they are recslved, These ammount sre not included in he Regional District’ nancial statements, The deta of the cash ‘doposits and demand notes al year end areas follows: Demand Note Cash Requirement 2018 Total 2014 Total Balance, beginning of year —$~—«1,087,984 «$2,818,987 «$3,858,951 $9,216,169 ‘Add: Interest earnings 28,564 : 26,564 26821 Naw Issues 5 111,847 Deduct: Payouts on debt retirement (724) (6.033) (6,787) 5 Balance, end of yoar $212,334 3976158 _$ 3,358,951 ‘At December 31, 2015, the member municipalities potion ofthis reserve fund is $1,608,368 (2014 - $1,608,182). 1, RESTRICTED RESERVE FUNDS ‘The District has several reserve funds held for spectc purposes. The changes in these funds were as flows: 2015 2014 Fund Balanco, at beginning of year $24,728,188 $20,410,105 ‘Add: Interest earings 303,307 313,209 Contributions to reserves 2,946,644 8,498,572 ‘Transfers out of reserves, (4,315,234) (4,500,724) Fund Balance, end of year (statement ©) $23,602,903 $24,728,186Exhibit REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES-TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2015 44, EQUITY IN TANGIBLE CAPITAL ASSETS “The consoldated equi in tangible caplal assols represents total tangible assots loss the long term dabt issued to acquire the asseis. The balence fs comptisd of the flowing: 2015 201g Investment in capital assots is calculated follows: “Tangible capital assets $ 94605,328 $89,478,992 Assets under capital lease 4,708,428 4,888,727 ‘Workin progress 41977,608 8.077.977 Deduct: Amounts anced by ~Hoans and debenture deb (el) (35,763,019) (87,405,054) equipment financing loans (194,028) -lease contracts payable (35,218) 1,208,318) Fund Balance, end of yaar (Exhibit 1) 67,500,102 _$_ 58,798,264 S_ons00t02_§_so,703 204 45, MUNICIPAL PENSION PLAN ‘The Regional District of Genral Kootenay and its employees contiibute to the Municipal Pension Plan (the Plan), a jointly trusted pension plan The Board of Trustees, representing Plan members and employers, is responsible for ‘overseeing the management of tha Pension Plan, including investmont ofthe assets and administration of benefits, ‘The Pension Pian is a mult-employer contributory Pension Plan. Basic pension benefits provided are defined. The Pan has about 185,000 active membors and approximately 76,000 relied members. Active members include approximately 37,000 contributors from local government. Every three years an actuarial valuation Is performed to asses the nancial poston of the plan and the adequacy of plan funding, ‘The actuary determines an appropriate combined employer and member cortbution rate to fund the plan, The actuary’ calculated contribution rato fs based on the entry-age normal cost method, which produces the fong.term rate of member and employer contributions euficiant to provide benefits for average future entrants tothe plan, This rte is then adjusted to the extent there is emortzaton of any funding defied. “The most recent valuation as at December 31, 2012 Indleated a unfunded lablly of $1,370 milion for basic pension benefits, The next valuation wil be as al December 31, 2016 with results avatable in 2016. Employers participating Inthe Pian record their pension expense as the ammount of employer contributions made during the fiscal year (defined contribution pension plan accounting). This is because the plan records accrued labities anc accrued assels forthe plan in aggregate wih the result that there is no consistent and reliable basis for allocating the obigaton, assets, and cost tothe incivduel employers participating inthe pln, “The Regional District of Contral Kootenay palé $053,787 (2014-9813,895) for employer contributions fo the plan in {fiscal year 2016. 48, CONTINGENT LIABILITIES ‘The Reglonal District of Cental Kootenay is curently engaged in certain legal actions initiated by outside partes, the ‘outeam of which are not determinable at this time. Accordingly, no provision has been made in the accounts for any Joss which may arise from these actions. “The amount of ss, if any, ating from these contingent labities wil be recorded inthe accounts in the petid in ‘hich the les is resized.Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As at December 31, 2015 17, COMMITMENTS ‘The District has commitments for speciic expenditures in varius functions, These commitments wil be met through teallon for those functions inthe yesr of the actual expandltures. 18. BUDGET RECONCILIATION ‘The budgeted figures are based on the adopted Five-Year Financial Plan forthe year 2015 approved under bylaw 2449 on March 19, 2018, ‘The Financial Pian Bylaw anticipated use of surpluses accumulate In previous years to batance against current year ‘expends in excess of current year revenues. Financial Plan Bylaw surplus forthe year $192,815 Add: Capital expenditures 8,273,750 Debt principal repayments 1,874,144 Capital lease principal repayments 256,601 “Transfer to reserves and own funds 8,050,905, 19,256,498 Deduct Borrowing 82,000 ‘Transfers rom reserves and own funds 12,608,418 ‘Surplus included in accumulated surplus 2,448,197 15536, 556, ‘Budget surplus reported inthe financial statements 3,800,608, 18, ACCOUNTING CHANGES: PS 2260 LIABILITY FOR CONTAMINATED SITES On January 1, 2016, the Regional District of Cental Kootenay adopted the new PS 3260 Liability for Contaminated Sites standard. This section establishes standards on how to account for and report a Habilly associated withthe Femeciation of contaminated sites, Contaminated sites area result of contamination being inroduced toa, so, ‘water or sediment ofa chemical, organic or radioactive meteral or Ive organism that exceeds the maximum ‘acceptable concentrations under an environmental standard ‘Tho adoption ofthe now PS $260 hae not resulted in any changes to the measurement and recognition of tabities In the District's 2018 financial statements[REGIONAL DISTRICT OF CENTRAL KOOTENAY 4 (1) (a) 2013 SCHEDULE OF LEASES Lease Months Amortized Service Lease item Lease ID. Expiry Date Remaining PV “Slocan Valley Fire Freightliner 350711010 28-Maya6 5 10sArari Erickson/Arrow Water Ford F350, 350740514 28-AugAS 3 18,606.86 Canyon Uster Fire Freightiner 350760911 28-Sep-16 9 44s9418 Riondel Fire Fire tuck, 350780812 28-Aug-17 20 101,727.24 Northshore Fire Fire truck 350791012 28-Sep-47 2 108,220.56 Balfour Fire Fire truck s0g01012 2eSep-47 21 112,628.70 Nelson Rec Centre Fiber Optic 350770512 31-Dec-17 24 29,930.22 Central Refuse Wheel Loader 350810113 28Jan-18 2 11135157 Central Refuse Bale Style Roll Of Hoist 350820113 28-Apr-48 28 47,458.46 Central Refuse ‘Western Star Truck 350830113, 28-Apr-18 28 52,571.85, General Admin/iT Cisco Servers 350841013, 2e-F0b-17 14 220,503.08 3503673REGIONAL OISTRCT oF CENTRAL KOOTENAY sonata Boake raat : Se 8 Bs 3 BM. 2 See 2 Se : See : 2. Sip 5 2018 a - 3 Seat vunueusuaumeecuuegeuuae‘REGIONAL DISTRUGT OF CENTRAL KOOTENAY ‘SCHEDULE O* DEBENTURE DEST Fon TE YeaR eka DECEMBER 3, 2015 ne ee 22 Get Bee saa : ge Bee ee BE MS See eben : GRR Be ge = i se ae 2 Sete = 30000 ‘sae : BA Wee ie ai 5 Sima Mion Same rmnna i: EERE 1 gine ths hams at tak EES Rima Ce Bei 992 Reg Hime > ESBS RS “As Smo Ges tS esREGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION AND EXPENSES 6 (2) (a) 2018 SCHEDULE OF ELECTED OFFICIAL'S REMUNERATION AND EXPENSES Monty Soard& Total Name Pesition Allowance Commitoo Total Payroll Expenses___TOTAL Bis, Lary Deector s2g03 350056068 19.882 soa Boehmer, Kev A Decor me 200447 385 Bunka,Catterne —Dredtor tg38 32715908651 zs Cheer aveence — Drector 6 ates 209004300 25,000 Clark, Jason At Drector ‘31 a to8 495 Comer Jeonfer ——ADector 540 0 198 on Cuneta, Hans Decor sosee 6703 ams at ar309 Devito, Anéow Decor masse sez 8808600 45.028 Faust Ramona Dieclar wou 477 sos gen 0908 Haming, Kern Char 1283353005 45801 14.400 soee Foray Elabeth A Drector a ne) 03 Howat, Suzan Dredtar 12638 2208 ta 9957820 z2a08 Jackman, Gay Door szse5 59838254 14.070 49343 Kozak, Dob Dietor ‘26% 351816182 5.505 aaa Lang, Rob A Dtector 2a 22a 2.820 turn, Josie Dieter fm 3782 10.908 T4685 75808 Main Le Director 12895 agora 48.44 20287 Muster, Ut akDrector 236 85 1371 Nowol, Thomas Diector 2508 9825788057540 6345 Petersen, Paul Dectr wis TS B74 45383 Paton, Cathie ALD a ee) 25 Popaf, Water rector wes 37623858008 45419 Sit, eky rector was 41912660049 45,448 Toyo, Ron Drecior ree 22 4am v4s10 ial Tanya Divetor mss S48T 8008188 40.10 Wiatson, Aimee Detor 32508 38858599000 49.322 iit, en ‘AtDKector 200 me 8 225 White Stephen Decor rms 372100087 za288 aor __163.488 __ 06.27 _ 175,040 705,42capiapanrentnaeor aves NEATONA EAS iene rt mn mat bmi so ae Seater ewe tee = se owen etme ce a Soviet =o aa nme fon aot ean Go me me FOUR Mge are fm os Gece Hato mo ton fem Seaman int roma {rer woth me aor Meson Por re Stree tt foam ve aye ye es tm Nomen Seep fo Se testo, Seoyeue a oein shot Se onwort woes ves “ns ovens einen roe Etecasy iinet ra sce Sint eran ‘ace "rma fom Bieona mim Son Seebatse ess Se Su Satie iss mat ‘oro Somat ee) Yue Naty Sonor tat sts wor Geng imo eon a exon arREGIONAL DISTRICT OF CENTRAL KOOTENAY [SCHEDULE OF REMUNERATION AND EXPENSES 6 (2) (0) 2018 PAYROLL RECONCILIATION TO FINANCIAL STATEMENT \Wieges& Bones per Fnac Statements ‘otal Remuneration Bete Ofale “otal Remuneration Oter Reconeing toms Reting AlonsnesiSeverance cod Offa Not Reslctoin Vag Accs ‘Adjust Tarale Ben Inlaid in Wages Vol Fee Exempt ‘Non wage tes, taining travel memberships misc Acctuad Wage Adjustment 05427 10288 262 roi 97825 02123 sana 45405 atsors to,8,700 1.968.167 szersere |[REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION EXPENSES | 6() 2015 SCHEDULE OF EMPLOYER COSTS. ure suas HEALTH euriovee Werac ce paso seers TOTAL | wr ae a ET | foee a a aisean | Cnt am eae i | ° | 0 ° Q | ptoree ors ae ae re 5 A | | ure | INSURANCE EAL suPLoveR om, ch _FeNgon sp e_—SENESTTS_—_ TOTAL ‘RPODOT {Casual Groupe) 125,798 78,086 208,886, | fot Pema Sa mais am araoes Cconiined 653763.73 15400425 tang ogg 1458.252 ee EMPLOYER TOTALS Be ws __ ss ZTE.REGIONAL DISTRICT OF CENTRAL KOOTENAY SCHEDULE OF REMUNERATION AND EXPENSES 6 (7) (a) & (b) 2015 STATEMENT OF SEVERANCE AGREEMENTS 2015 Severance Agraement (3 employees) Equivalent Months Compensation 13.15[REGIONAL DISTRICT OF CENTRAL KOOTENAY “SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES 7 (2) (a) & (b) 2014 SCHEDULE OF SUPPLIERS AND PAYMENTS EXCEEDING $25,000 '5 Point Operations Inc ‘pine Disposal & Recyling (IntexforDision Lis ‘Amnec Foster Wheeler Environment & Infrastructure Andex Equipment Rentals Andrew Sheret Ltd ‘Aon Reed Stenhouse Arcright Plumbing & Heating ‘arrow Mountain Carwash & Min! Storage Ltd ‘Atlus Positioning Systems inc Barrie Mackay Contracting Ltd C Hydro & Power Authority Be Transit Berg Lehmann Chartered Accountants 3 Purewater Bilts Heavy Duty Enterprises tte Black Press Group Ltd Brenntag Canada Ine Burton Academy School - Grants Burton Community Assocation - Grants canada West Refrigeration CCarscadden Stokes McDonald Architects in Castlegar, ty OF Cathro Consulting Utd Central Kootenay Garbage Club Cleartech industries ne Columbia Basin Broadband Corporation Cori Water Products Inc Cowan's Ofice Supplies Creston, Town OF Custom Dozing id Dave's Plumbing Lid DB Perks & Assoclates Ltd Debi Resources Ltd HC Communications Ine Dormel Containers Doug Thompson Services ooscape Environmental Consultants Ui, mea Corporation Eng Environmental Est Canada Ltd £sso Petroleum Canada Division OF imperal Ol Ltd FortisaC- Electricity Fortisbe- Natural Gas Froyta, Chelsey Ge Water & Process Technologies Canad Goat Mountain Enterprises Ltd Good Water Warehouse GGreyback Construction Lid GGRS Contracting Lid Gulle, am Guillevin international ne Hay Group Limited Hywood Truck & Equipment Ltd 41832 e9s,21 163,773 2973 483,569 109,013, 7881 25,836 34021 4,285,233, 23,839 4,678,170 33,930, 47586 31,208 ane 37573 31,605, 202,084 159577 333,860 32,099 50504 30,208 35372 27,285 105,095 42612 263,205, 39,430 130560 33,232 132,393 79,703 47,562 26675, 52410 57445 51,975 37,884 34879 547 530 232,516, 25,629 38,74 23,638, 35,809, 32,580 soa678 3197 118,575 37,825, 207,083Inland Aleare Insight Canada Ine. Insurance Corporation of BC Kal Tre (Nelson) kaso, Village of - Grants Kells Maintenance and Services Klos Systems Kokanes Ford Sales td Kootenay industial Supply td Kootenay Siding And Renovating Lang Business Systems Lesperance Mendes Ldstone & Company ‘Management Leasing Corporation ‘Manz Engineering Ltd ‘Maxvam Analytics Mayday Electric td [McElhanney Consulting Services Ltd Meawan Construction McNally Excavating nc ltl Press Limited MIMI Group Limited Morrow Bloscience Ld “Municipal Insurance Association Of BC Nakusp, Village OF Natural Wood Fibre Solutions Ltd NDB Construction Lid Nederman Canada Ltd Nelson Chrysler A Division of City Auto Ltd Nelson Hydro ‘Nelson Public Library - Grants Nelson Tiny Houses Nelson, city OF ‘New Denver, Vilage OF Newalta Corporation One time Electrical Cotschenia Improvement District Power Paving Ray's Garbage Pick-Up Lid Strategies nc Regional District of Cental Okanagan Regional District of Kootenay Boundary Rellance Office Services Ltd Rfs Canada Ricoh Canada Ine Riverside Farm flames Management Group ltd Rocky Mountain Agencies Rocky Mountaln Phoenb Rollins Machinery Limited Salmo, Village OF Salmo, village of -Grants Sapphire Water Internatlonal Corp, Seare Construction lsd Selkirk Paving Selkirk Sigs & Services Ud. Shine Shopa’s Excavating ld ‘Sk Electronics ltd 42,859 45,662 126073 26,055 29,700 30393 40788 37457 25,088 146,230 32,262 21,667 25,037 7384 43,500 36792 ase 32562 25,00 985,307 S7A25 70,75 waar 63,916 95,188 352,015 276,792 37,985. 59,059, 321,140 136/420 31,500, 317,147 36,755 25,631 68,502 27,00 82950 S048 83,791 si243 357,458 25,680 28,500, 30330, 108,156 75,774 1939 369,402 531,355 59,805 65,010 103,500 186,146 63,218 52,085, 388i 2.220 39,785SNT Engineering Ltd Sorenson Excavating It Sperling Hansen Assoclates Inc Stafford Welding Startec Refrigeration Services Ltd. Status Construction & Management Lid Strategie Fre Control Lid ‘Strong Refigration Consultants nc Sullivan Stone Company Ltd Telus Communications Inc Terrapure Winfield Tetra Tech EBA Inc ‘Thermo Design Insulation Lh ‘Thurber Engineering tc. ‘Trainor Mechanical Contactors Ltd “Twn River Controls Ltd nite Business Software Corporation Unitech Construction Management Ltd ‘Waste Management ‘Weigh Teonx Canade, ULC ‘Wesco Distrbution-Canada Inc ‘West rm Siviulture Wiest Kootenay Septic Solutions inc \Westek Controls td Wolseley Waterworks Branch ‘Wod wyant Inc .wsP Canada ine. Yellowhead Road & Bridge 33,382 e119 31,387 56522 31,061 37,920 o1ass 52,794 108,560 43,485 92,766 10187 S7ou e108 4217 4433 131,740 153,234 810,775 39,555 39,208 25,920 9,243 180,885 272m 57,909 147 335 m7 77,086 509 {b) Amounts pald to suppliers who recived aggregate payments of $25,000 or less |[REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES 72) (b) 2014 SCHEDULE OF PAYMENTS OF GRANTS AND CONTRIBUTIONS EXCEEDING $25,000 row takes Seareh & Rescue - Grants 56687 Brillant Cultural Centre ~Grants e428 Burton Academy Schoo - Grants 33,605, Burton Community Association - Grants soz.06¢ ‘Canyon Community Assocation - Grants 35,964 Castlege & District Public Library Grants 159.288 Castlegar Friends of Parks and ral Socety -Grants 74500 Castlegar Sculpturewalk Society Grants 32,500 Castegar, ty of- Grants 390,000 ‘Community Futures - Grants 3.5 ‘rawiord Bay & Distt Hall & Parks Associaton Grants 69,099 Creston &Distriet Historical & Museum Socety- Grants 98,287 ‘Creston Community Auditorium Society - Grants 37,000 Creston Public brary Association - Grants 295472 Creston Valley Chamber of Commerce Grants 15,000 Creston Valley Regional Airport Solty - Grants 158,001 Creston, Town of- Grants 245,308 ‘og Creek Water Users Community Grants ‘56,175 Edgewood Volunteer Fire Department - Grants 27868 aslo & istrict vena Association - Grants ‘44300 aslo & District Public Library Assocation - Grants 33,405 aslo, Vilage of- Grants 28,700 \ardeau Valley Community Cub- Grants 63,165 Nakusp & Area Youth Socety- Grants 32000 "Nakusp Public Library Associaton - Grants ‘5,000 Nakusp Ski Club Assocation - Grants 67.396 Nakusp Village of Grants as4073 Noon Public brary Grants 136420 leon Search & Rescue - Grants 30758 Nelson City of Grants 270240 North Kootenay Lake Community Series Society Grants 27,288. Procter Community Society - Grants 143.585, Robsor-Raspberry Improvement District - Grants 31,250, Royal Canadian Legion #2-020 Nakusp - Grants 30/000 Salmo Publi Library Assocation - Grants 74492 Salm Valley Swimming Pool Socety Grants aogs Salmo Valley Youth Community Centra - Grants 23901, Salmo, Village of- Grants 510 South Kootenay ake Community Service Sclty- Grants 43,405 ‘aghum Community Soeety Grants 50,750 ‘West Creston Community Hall Sciety- Grants 51500 ‘YahlKingsgate Recreation Society - Grants as os,REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES 7 (1) (¢) 2015 RECONCILIATION TO FINANCIAL STATEMENT RECONCILIATION TO CONSOLIDATED FINANCIAL STATEMENTS: Total aggrogate payment exceeding $25,000 paid to suppliers (2) $17,086,909 “otal online ease payments 463,015 Consolidated total of payments of $25,000 or less pai to supers (b) 5,596,805, | Consolidated total of al orants and contributions exceeding $25,000 © 4,150,803 | Consolidated total of all grants and contributions of $25,000 or less 4,982,593 8 29,236,245, | Reconciling tems: Payroll & Saverance Agreements 8 10297,795 | Directors Remunaration & Expenses 785,142 ‘Change in workin progress, payables and accruals 41587,993 lose capital portion of lease payments (443,304) HSTIGST rebate ro purchases (742,248) ‘Acquistion of tangible capital assets (10,418,769) Equipment disposal 6134 5 1032;713 $30,268,958 Por Consolidated Financial Statements: Consolidated expenses $38,685,480 Amortzation (6,410,630) Provision for Landfll closure (1,347,138) Debt service charges - interest and exchange (1,658,754) 8 20,268,958 Difference s - iLFinancial Information Regulation, Schedule 1 Checkii Statement of Financial Information (SOFI) For the Corporatio: Corporate Name: Regional District of Central Kootenay Contact Name: Heather J Smith Fiscal Year End: December 31, 2015 Phone Number: aaa Date Submitted: June 16th, 2018 E-mail: hsmitherdckbeca For the Ministry: Ministry Name: Reviewer: Date Received: Deficiencies: Yes | 11 |No Date Reviewed: Deficiencies Addressed: Yes | 4 | No Approved (SFO): Further Action Taken: Distribution: Legislative Library Ministry Retention a FR Schedule 1 | Item Yes |No | NA Comments Section Goneral 1()(@ | Statomentofassets andiabities | gy |g | eq 1(1)(0) | Operational statement aelola 1(1(@) | Schedule of debts Bl | £1 | C1 fee schedule of debenture Debt 1(1) @) ‘Schedule of guarantee and indemnity agreements o)o)|a 10000 | Setmtieotampayescemneiaton | gy | | oy became +08 e (009 | Schedule ofsuprers of goods and oo 1@) Statements prepared on a . ‘consolidated basis or for each fund, o\)o as appropriate 1) Notes tothe financial statements for 16) the statements and schedules sted | BI | C1) O aboveFIR Schedule 4 Section Item Yes |No | N/A Comments ‘Statement of Assets & Liabilities 2 + Abelance sheet prepared in accordance with GAAP or stated accounting principles J policies, 8) oO; and + Show changes in equity and surplus or deficit due to ‘operations Operational Statement 3(t) Prepared in accordance with GAAP or stated accounting principles / policies and consists of: ‘=a Statement of Income or Statement of Revenue and Expenditures, and # a Statement of Changes in Financial Position 32) ‘©The Statement of Changes in 3) Financial Position may be ‘omitted if it provides no additional information + The omission must be explained inthe notes 34) ‘Community colleges, schoo! districts, and municipalities must prepare @ &@) o)0 ‘Statement of Changes in Financial Position for the Capital Fund ‘Schedule of Debts 4(1)(@) ~ | List each long-term debt (secured by 4@) dobentures, mortgages, bonds, ete), stating the amount outstanding, the interest rate, and the maturity date 4(1)(0) | Idonty debi covered by sinking funds orresarves and amountsin | EA) El] Bl these accounts 43) +The schedule may be omitted it 4@) addressed under section 2or5 | | O1| Bl and it provides no additional information ‘+ The omission must be explained In a note to the scheduleFR Schedule 4 Section Item Yes | No NIA Comments ‘Schedule of Guarantee and Inder smnity Agreements 5 (1) List financial agreements that required government approval prior to being given (ses Guarantees and Indemnities Regulation in FIA Guidance Package) 5 (2) State the entiiés involved, and the specific amount involved if known’ 5(3) 5a) The schedule may be omitted if addressed under section 2 or 4 and it provides no additional information ‘The omission must be explained in anote to the schedule ‘Schedule of Remuneration and Expenses (See Guidance Package for sus iggested formal) 6 (2) (a) List separately, by name and position, the folal remuneration and the total expenses for each elected official, member of the board of directors, and employee appointed by Cabinet 6 (2) (b) List alphabetically each employee ‘whose total remuneration exceeds $75,000 and tho total xpensos for teach fexcluding the persons listed under 6 (2) (a) 6 (2) (c) Include a consolidated total for employees whose remuneration is $75,000 or less [excluding the persons listed under 6 (2) (a)] 6 (2) (a) Reconcile or explain any difference between total remuneration in this schedule and related information in the operational statement 63) ‘Exclude personal information other than name, position, function or remuneration and expenses of, ‘employeesFR ni Schedute 1 | 'f™ Section Yes [No | NIA Comments ‘Schedule of Remuneration and Expenses (See Guidance Package for suggested format) 66) Report the employer portion of Et | and CPP asa supplierpaymentto | | the Receiver General for Canada B)o)}o rather than as employes remuneration 6(7)(@) _| Include a statement of severance 8(7)(@) _| agreements providing: + the number of severance agreements under which payment commenced in the, fiscal year being reported on for non-union employees, and ‘© the range of equivalent months’ ‘compensation for them (see Guidance Package for | suggested format) 6@ Provide the reason for omitting a statement of severance agreements a in a note to the schedule of a remuneration end expenses ‘Schedule of Suppliers of Goods or Services (Gee Guidance Package for suagested format) 7(1)(@ | Listin alphabetical order all suppliers (of goods and services who received oOo}. aggregate payments exceeding $25,000 | 7(1) (6) | Include a consolidated total ofall payments to suppliers who received | El) 1 | Ol $25,000 or less 7(1)() | Reconcile or explain any difference between the consolidated total and related figures in the operational statement 72) (6) _| Include a statement of payments for the purposes of grants or contributionsFIR Schedule | Item Yes |No | N/A Comments Section - Inactive Corporations: aa ‘The ministy reports for the corporation f the corporation isnot | gy | operating to the extent required to produce a SOFI 8(2)(@) _| The ministry's report contains the statements and schedules required | py | py Under section 1 (1), tothe extent possible 8,2)(b) | The ministry's report contains a statement of the operational status of | | the corporation (see Guidance Package regarding what to include) Approval of Financial Information at) Corporations other than municipalities ~ the SOF is signed ‘86 approved by the board of olola directors or the governing body (see ‘Guidance Package for exemple) 9@) ‘Municipalities ~ the SOFIis ‘approved by its council and by the officer assigned responsibilty for financial administration (see ‘Guidance Package for example) 9@) Amanagement report Is included, signed by the head and chief financial officer, or by the municipal officer assigned responsiblity for B)o/;a financial administration (see examples in annual report at ‘nfipw/wwwoov be. ca/easipont) 8) ‘The management report explains the roles and responsibilities of tho board of directors or governing body, B/o/a audit committse, management, and the auditors 908) ‘Signature approvals required in section 9 are for each of the slola statements and schedules of | financial information, not ust the financial statements