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 Chief Financial officer June 30, 2015Regional District of Central Kootenay Box 590, 202 Lakeside Drive, Nelson, BC VIL 5R4 Web: yaww.rdek.ca Telephone: (250) 352-6665 Email: info@rdck.be.ca BC Toll Free: 1-800-268-7325 Fax: (250) 352-9300 File No. 1900-02, June 30, 2015 Director, Local Government infrastructure Ministry of Community, Sport and Cultural Development PO Box 9490 Stn Prov Govt, Victoria, B.C. VW 9N7 Deer Sir or Madam: Re: FILING UNDER THE FINANCIAL INFORMATION ACT STATEMENT OF FINANCIAL INFORMATION On July 16, 2015, the Board is expected to pass the following motion: “The Schedule and Statement of Financial information for the Fiscal Year Ended December 31, 2014, 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 Act in draft format until Board approval: + Statement of Financial Information Approval; * Schedule and Statement of Financial Information for the year ended December 31, 2014; * Financial information Regulation ~ Schedule 1 ~ Checklist ~ Statement of Financial Information (SOF!) Please contact me if you require any further information. Sincerely, peatte batt Heather J. Smith, CPA, CGA Chief Financial Officer Enclosures ‘MUNICIPALITIES: Cities: Castlegar, Nelson Town: Creston ELECTORAL AREAS: *A-Wynndel/East Shore Kootenay Lake * et Kato Naku, New Denver, sine, Sivertonandslocan *D *€ *F *G ¢H-The Slocan Valley *I*J-Lower Arrow/Columbia *K-The Arrow Lakes ‘aeREGIONAL DISTRICT OF CENTRAL KOOTENAY Nelson, BC SCHEDULE AND STATEMENT OF FINANCIAL INFORMATION For the Year Ended December 31, 2014REGIONAL DISTRICT OF CENTRAL KOOTENAY Nelson, BC FINANCIAL STATEMENTS December 31, 2014Box 590, 202 Lakeside Drive, Nelson, BC VIL 5R4 Telephone (250) 352-6665 BC Toll Free 1-800-268-7325 MANAGEMENT REPORT ‘The 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 financial statements and schedules, and for ensuring that this information is consistent, where appropriate, with the information contained in the 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 intemal control and exercises this responsibility through the Board. The Board reviews internal financial statements periodically and extemal Audited Financial Statements yearly. The external auditors, Berg Lehmann, Chartered Accountants, conduct an independent examination, in accordance with generally accepted auditing standards, and express their opinion on the 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 extemal anditors 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 May 21, 2015 Regional District of Central Kootenay weww.rdek, info@rdck.be.ca (250) 352-9300ct INDEPENDENT AUDITORS' REPORT To The Board of Directors of the Regional Di 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, 2014, 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 responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Canadian generally 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 intemal 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. i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, 2014, 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, Chartered Accountants May 21, 2015 Nelson, B.C.Exhibit "1" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2014 2014 2013, FINANCIAL ASSETS Cash and temporary investments (note 2) $95,856,474 = § 35,245,021 Accounts receivable 1,832,442 1,673,064 Due from member municipalities (note 4) 23,850,526 25,237,361 Due from member municipalities-accrued interest 256,340 261,980 61,495,782 62,418,023 LIABILITIES ‘Acoounts Payable and accrued liabilities 5,486,288 2,881,204 ‘Acorued interest payable - M.F.A. ‘547,047 563,876 Landiill closure and post closure costs accruals (note 5) 8,252,095 4att4t2 Capital Lease Obligations (note 8) 4,208,318 1,499,209 Debenture Debt MFA (note 7) 60,955,580 60,740,256 Deferred revenue (note 8) 4 4,849,174 9 75,325,131 NET DEBT (Exhibit "3") (12,691,307) (12,907,108) NON-FINANCIAL ASSETS ‘Works-in-progress (note ®) 6,077,977 4,785,061 Tangible capital assets (note 10) 89,429,932 86,141,764 ‘Assets under capital lease (note 10) 1,898,727 2,448,768 Inventory of supplies 161,103 124,208 Prepaid expenses 470,840 372,770 98,038,579 93,872,589 ACCUMULATED SURPLUS $85,447,272 $80,965,481 SURPLUS BALANCES Unrestricted $ 1,925,822 $4,172,809 Restricted reserve funds (note 12) 20,419,105 Equity in tangible capital assets (note 13) 56,373,477 85,447,272 80,965,481 CONTINGENT LIABILITIES (note 18) COMMITMENTS (note 16) Chief Financial OfficerExhibit"2" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF OPERATIONS For the year ended December 31, 2014 Budget Actual ‘Actual 2014 2014 2013 REVENUE Tax Lewy $ 24,147,201 $24,483,532 $24,089,783 User Fees 8,328,462 8,072,945 8,470,936 Grants and donations 5,427,035, 2,845,694 3,190,493 Gas Tax grant (note 8) - 5,478,445 884,551 Committed funding - Columbia Basin Trust - 4,304,628 41,283,165 Donated Land : "296,890 : Interest earnings 140,000 198,940 272,084 Interest earnings = Capital funds - 306,056, 257,508 Interest earings - Reserve funds 7 313,293 209,887 Rental revenue 503,877 520,003 496,190 Permit fees 501,117 482,947 588,292 Gost recoveries and contract revenue 373,821 T2766 862,924 Sale of materials 26,760 19,943 20,708 Gain on disposal of equipment = : 38,702 39,418,163, 44,454,922 40,859,222 EXPENSES Legislative - directors expenses 960,651 785,813 868,021 ‘Administration services 2,982,101 41,862,723 1,870,818 ‘Wages and employees benefits 12,528,273 12,188,738 11,248,077 Provision for Landfil closure and post closure costs Ei 440,683, 583,939 Usities 4,218,925, 1,233,084 4,435,850 General - operations and maintenance 5,828,437 4,758,425 5,623,048 Vehicles - operations and maintenance 1,090,987 638,207 711,209 Equipment - operation and maintenance 727,407 542,969 Grants 2,020,986 2,084,447 Financial services grant - 2,256,496 2,463,360 Committed funding - Columbia Basin Trust - 1,242,363, 1/207,861 Services contracted out 3,894,630 4,816,728 3,589,101 Debt services charges - interest 1,981,398 1,881,264 1,873,648 ‘Amortization - 4,975,031 41681,719 Loss on disposal of equipment - "144,479 - 39973181 88,178,141 ANNUAL SURPLUS (note 17) 2,188,384 4,481,791 2,481,081 ACCUMULATED SURPLUS, BEGINNING OF YEAR 80,965,484 78,484,400 ACCUMULATED SURPLUS, END OF YEAR 85,447,272 $80,965,481 YW Chief Financial OfficerExhibit "3" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CHANGES IN NET DEBT For the year ended December 31, 2014 ANNUAL SURPLUS ‘Acquistion of tangible capital assets Capital asset donations received New capital leases in the year Amortization of tangible capital assets including leases Increase in Works-in-progress net of transfer Not book value of sold and donated vehicles Increase in supplies inventories Increase in prepaid expense CHANGE IN NET DEBT NET DEBT AT BEGINNING OF YEAR NET DEBT AT END OF YEAR LS, te Chief Financial Officer Actual 2014 $4,481,791 (1,787,388) (298,890) (450,703) 4,975,031 (6,648,357) 148,229 (4,031,045) (36,875) 98,070) (134,945) 315,801 12,907,108) $ (12,591,307) Actual 2013 (1,903,338) (676,341) 4,681,719 (4,070,962) 44,503 1,524,417 (77,869) (77,889) 578,795 13,488,903) $_(12,907,108)Exhit REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended Decomber 31, 2014 OPERATING ACTIVITIES ‘Annual surplus Non-cash items ‘Amortization Gain on disposal of equipment ‘Capital donation of land PST adjustment on assets under capital lease Actuarial adjustments Changes in prepaid expenses Changes in inventory of supplies Changes to financial assets, ‘Accounts recelvablo Other receivables Changes to financial labiities ‘Accounts payable and accrued liabilities Landfll closure & post closure costs accruals, Accrued interest Deferred revenue Cash Provided By Operating Activities CAPITAL TRANSACTIONS ‘Acquisition of tangible capital assats Proceeds from sale of tangible capital assets Increase in Works-in-progress net of transfor New capital leases in the yoar Cash appliod to capital trarisactions FINANCING ACTIVITES, Capital borrowing Capital lease obligations Repayment of principal on capital lease obligations Repayment of long-term debt Cash Provided By Financing Activities, INCREASE IN CASH CASH, BEGINNING OF YEAR CASH, END OF YEAR ae Chief Financial Officer 2014 4481.79) 4,975,031 144,479 (298,890) (306,056) (98,070) (36,875) 382,619 (158,781) 5,850 (153,134 2,625,084 440,683 (18,828) 4,211,413) 1,182,475) 7,548,804 (1,757,358) 1,750 (6,648,357) (450,703). 78,854,665) 3,367,205 450,704 (741,595) (1,159,000) 4gt7.314 611,453, 35,245,021 SS 35,856,478 2013 2,481,081 481,719, (38,702) (6.404) (287,506) (77.269) 4302258 1,857,685 (21,097) 71536,588 (644348) 583,039 42217 495,649, BITAST 8,897,266 (1,903,336) 83,205, (4,070,982) (576,341) 6,467,424) 3,282,464 ‘504,708 (399,044) 1,059,872) 2,388,257 4,818,187 34 35,245,021Exhibit "5" REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 1, SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation ‘The consolidated financial statements reflect all revenues, expenditures, assots and labiltios of the Regional District of Central Kootenay. Itis the District's policy to follow accounting principles generally accepted for British Columbia Regional Districts and apply such principles consistent. The statements have been prepared in accordance with Canadian public sector accounting standards, as established by the Public Sector Accounting Board (PSAB) of the Canadian Institute of Chartered Accountants. The focus of the PSAB statements is on the financial postion of the District and the changes thereto. The Statement of Financial Postion includes al the assets and liabilities ofthe District. This provides information about the Districts overall future revenue requirements and its abilty o finance activities and meet its obligations. ‘These consolidated statements include accounts of al the funds of the Regional District of Central Kootenay. Inter- {und transactions and balances have been eliminated. Revenues are accounted for in the period in which the transactions or events occurred that gave tise to the revenues. Expenditures are accounted for in the period tho goods and services are acquired and a liabilty is incurred or transfers are due. Basis of Accounting The resources and operations of the District are segregated into various funds for accounting and financial reporting purposes, each being treated as a separate entity with responsibilty forthe stewardship ofthe assets allocated to it. ‘The District has the following funds: ‘Operating funds - these funds are used to record the operating activities ofthe District including general ‘operations and the water and transit ulltes. Capital funds - these funds are used to record the acquisition and financing of the capital assets. Capital funds hhave been established for the general operations and the water and transi uites. Reserve funds - these funds have been established to hold funds for specific requirements. ‘The District follows the accrual method of recording interest on long-term dob. Financial Instruments ‘The District’ financial instruments consist of cash, investments, accounts receivable, accounts payable, capital lease ‘obligations, and long term debt. It s managements opinion that the District is not exposed to significant interest, ‘currency, or credit risks arising from these financial instruments. The far values ofthese financial instruments ‘approximate their carrying value.Exhibit"5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 34, 2014 1, SIGNIFICANT ACCOUNTING POLICIES (continued) Investments Investment deposits are recorded at cost, except Municipal Finance Authorlly (MFA) investment deposits which are recorded at market value, Tangible Capital Assets “Tangible capital assets, comprised of capital assets and capital works in progress, are recorded at cost loss accumulated amortization and are classified according to their functional use. Amortization Is recorded on a straight line basis over the estimated useful fe of the asset with one half of the amortization taken in the year the asset is put into service. Donated tangible assets are reported a fair value atthe time of donation, Estimated useful lives are as follows: Building and building components 2010 40 years Engineering structures (Including land improvements) 5 to 60 years Paving 16 t0 40 years Operating and office equipment 50.20 years Leased Assots Leases entered into that transfer substantially all the benefits and risks associated with ownership are recorded as the acauisition ofa tangible capital asset and the incurrence of an obligation. The asset is amortized in a manner consistent with tangible capital assets owned by the District and the obligation, including interest thereon, is liquidated over the term ofthe lease. All other leases are accounted for as operating leases, and rental costs are expensed as incurred, Doforred Revenue Funds received for specific purposes which are exterall restricted by legisttion, regulation or agreement and are not available for general municipal purposes are accounted for as deferred revenue on the statement of financial Position. The revenue is recognized in the statement of operations in the year in which itis used for the specified purpese, Use of Estimates ‘The preparation of financial statements in accordance with Canadian public sector accounting standards requires management fo make estimates and assumptions that affect the reported amounts of assets and liablites atthe date ofthe financial statements, and the reported amounts of revenues and expenditures during the reporting period, Significant areas requiring estimates include the useful ie of tangible capital assets for amortization and the provision for any contingencies. Actual results could differ from managements best estimates as additional information becomes available in the future.Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 1. SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition Taxes are recognized as revenue in the year they are levied Charges for water usage are recorded as user fees in the year they are charged. Conitional grant revenue is recognized to the extent the Imposed conditions are met. Unconditional ‘grant revenue is recognized when monies are received, Grants forthe acquisition of tangible capital assets are recognized in the period the expenditure fs made. Sales of services and other revenue Is recognized on an accrual basis. Building Permit revenue is recorded when cash is received. Inventories Inventories held for consumption are recorded atthe lower of cost or net realizable value. Government Transfers Government transfers are recognized as revenue in the period thatthe transfer is authorized, eligibility criteria, if any, hhave been met, and a reasonable estimate of the amount to be recelved can be made. 2. CASH AND TEMPORARY INVESTMENTS 2014 2043 Reserve funds and temporary investments $24,728,188 $20,419,105 Deferred funds (note 8) 637,761 4,849,174 Unrestricted cash and temporary investments 10,490,527, 9,976,742, $35,956,474 “§35,245,021_ 3, CREDIT FACILITY ‘The Regional District has a credit facility agreement with a financial institution which provides fora total commitment ‘of $5,000,000, At December 31, 2014, the Regional District had drawn an amount of SNi (2013- $Ni) on this ‘agreement, 4, DUE FROM MEMBER MUNICIPALITIES. ‘The Regional District of Central Kootenay borrows funds from the Municipal Finance Authority on behalf af its member municipalities. The amounts due from the municipalities is thelr portion of the debenture debt outstanding.Exhibit "6" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 5, CLOSURE PLANS - LANDFILLS ‘The Regional District of Central Kootenay has had engineers prepare design and operation plans forthe active District iandfils. These plans include detailed sequencing of landfill closure phases and costs associated with each phase. The net present value ofthe landfill closure and post closure monitoring costs for the next several years is 28 follows: __East Wasto Central Wasto__West Waste Cumulative Capacity Used to Date (m3) 131,082 240,509 604,928, Total Capacity ofthe Site 875,000 1,045,000 2,657,800 ‘Annual post closure costs Years 1-10 8 36500 $ 42,500 $§ 58,000 Years 11-25 $ 235900 $ = 25,500 $ © 38,000 Post-closute care petiod in years 25 25 25 Projected year Site Closure 2082 2078 2058 Projected PY Cost of Site Closure and Post Closure § © 5,189,000 $ © 4,288,000 $5,822,000 Landfill ability and cost accruals 2014 2013 Landfill Liability Open Sites, 4,984,314 4,545,112 Landi Liability Closed Sites 296,846 296 846 Total Landfil Liabity $ 5281160 $4,841,958 Closure costs expended (29,065) (20,546) Net Total Landfill Libiity Funded lability 2,358,423 Unfunded labilty 2,452,989 34811412 The unfunded iabilty at December 31, 2044 is comprised of $2,408 for the Easter Subregion, $n for the Central Subregion, and $420,442 for the Westem Subregion. Additional contributions have been budgeted over the next five ‘years to ensure each subregion’s landfilabity Is fly funded,Exhibit "6" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, As at December 31, 2014 6, CAPITAL LEASE OBLIGATIONS ‘The Regional District of Central Kootenay has leased certain pieces of equipment for specific purposes. Al the end of each lease, the Distict has the option to purchase the equipment or renew the lease. The minimum lease payments including purchase options for the next five years are as folows: 2016 366,194 2016 328,287 2017 248,019 2018 75,465 2019 454,105 4,172,070 Less: Amount representing interest : 42,801 ‘Add: PST payable 79,049 $1,208,318 7. DEBENTURE DEBT - M.F.A. Debt principal is reported net of sinking fund balances, and interest expense is reported net of sinking fund earings, Included in the debenture debt is debt that the District has incurred on behalf of its member municipalitis, 2014 2013 Debenture debt outstanding allocated as follows: Due from member municipalities (see note 2) $23,850,528 $25,237,951 ‘Owing by the District 37,405,054 35,502,205, Debenture debt outstanding in Canadian funds (Sse Seheaue*) The debenture debt bears various interest rates set at tho time of borrowing and adjusted onthe 10th anniversary if applicable; debt has varying maturty dates. The estimated principal payments required n the next five years, on the Districts portion of long-term debt, are as follows: 2015 1,646,937 2016 1,685,871 2017 4,741,035 2018 1816874 2018 11843,044Exhibit REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 8, DEFERRED REVENUE Beginning Ending Balance Additions Reductions Balance Gas Tax Agreement S 4108654 $1,200,791 $5,478,445 e ‘Trans Canada Trail Funding 68,072 - - 66.072 Recreation Centres 270,973 243,875 270973 243,875 Columbia Basin Trust 120,077 1,295,690, 1,907,859 107,908, CBT Community Directed 100,000 : : 100,000 Other 119,908 103,397 119,908 a irs 5989 202 50,874 5s Fo a. Federal Gas Tax Agreoments. Gas Tax Agreement funding is provided by the Government of Canada, The use ofthe funding is established by a funding agreement betwoon the District and the Union of British Columbia Municipalities. Gas Tax Agrooment funding may be used towards designated public transit, community energy, water, wastewater, solid waste and capacity building projects, as specified in the funding agreements, During the year, the District entered into a new ‘agreement which expanded the scope of the eligible spending and also removed some of the prior stipulations found in the previous agreement, The recut ofthese changos is that the unspent funds on hand and unspent funds recelved in the year are no longer considered to be labities and are recognized as revenue in the current period However, as theso funds are stl restricted, the District has transferred them into @ reserve fund to be used only for the eligible expenditures outined in the agreement b. Trans Canada Trail Funding Agreement In 2011, Trans Canada Trail provided funding of $347,339 for the development ofthe Trans Canada Trail as part of tho Brillant Bridge restoration project. The District expended $ril (2013 - $3,539) ofthese funds in the current year. . Recreation Centres Deferred Revenue “The District has a current balance of $243,875 of funds received in advance of programming from recreational centre users. These funds are recognized in revenue in the future period when the related programme has been provided. d. Columbia Basin Trust The District received $1,294,227 (2013- $1,298,622) in Grant funding and funds returned from completed projects. Interest of $1,463 (2013 - $6,187) was received in the current year. During the year a total of $1,307,859 (2013 - $91,295,615) was expended.Exhit (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 8, DEFERRED REVENUE (continued) . CBT - Community Directed Funds [in 2013 The District received $100,000 in grants for Community Iniatives in the Slogan Valley. The intent is to release the funds for projects approved in 2016. {. Other Deferred Revenue ‘The District has received $119,906 in various deposits . These funds are recognized in revenue in the future period ‘when the related programme has been provided. 8, WORKS-IN-PROGRESS Worcin-progress includes water treatment projects and construction of the Kaslo Fire HallExhi REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 10, TANGIBLE CAPITAL ASSETS AND ASSETS UNDER CAPITAL LEASE TANGIBLE CAPITAL ASSETS General Capital Fund Land Building and bullding components Engineering structures (including land improvements) Paving Operating and office equipment Accumulated amortization Net General Capital Fund Tangible Capital Assets Water Utility Capital Fund Land Building and building components Engineering structures (Including land improvements) Paving Operating and office equipment ‘Accumulated amortization [Net Water Utiity Capital Fund Tangible Capital Assets ‘Transit Utility Capital Fund Bus Shelters ‘Accumulated amortization Net Transit Utity Capital Fund Tangible Capital Assets ‘TOTAL NET TANGIBLE CAPITAL ASSETS ASSETS UNDER CAPITAL LEASE General Capital Fund Building end bullding components Operating and office equipment ‘Accumulated Amortization Water Utility Capital Fund Operating equipment ‘Accumulated Amortization TOTAL NET ASSETS UNDER CAPITAL LEASE 2014 2013 $ 8.985496 $8,613,946 64246,154 62,906,543 14,205,915 7,997 308 ‘023,608 926,545 704,16.529° | 85 600417 (24,800,529) __ (00,450,834) 69,227,008 _65,200.563 4,430,708, 1,420,709 4.341.997 4.381.937 19973.818 19,000,964 696,871 08671 476,836 416,396 74471 25777 867 6,990,001 (e.ts2.502) 19924170 __20,625:65 344,488 341,88 62/492 (45,372 ___zre786 205.816 s - $529,033 2,621,160 2,801,262 638,562) (925,512) 1,882,598, 2,404,783 101,415 (57,432) 43.983 $1,998,727 _$_ 2,448,765Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 11, DEBT RESERVE FUNDS - MUNICIPAL FINANCE AUTHORITY ‘The Municipal Finance Authority of British Columbia provides capital financing for regional districts and thelr member ‘municipaltes. The Authority is required to establish a Debt Reserve Fund. Each regional district, through its ‘member municipaities who share in the proceeds ofthe debt Issue is, required to pay into the Debt Reserve Fund Certain amounts set out in the debt agreements. The Intorest earned by the Fund less administrative expenses becomes an obligation to the regional districts. if at any time a regional istic has insufficient funds to meet payments on its obligations, it must then use the monies to its credit within the Debt Reserve Fund, Upon maturity of a debt issue, the unused portion ofthe Debt Reserve Fund established for that issue wil be discharged to the Regional District or tho Municipalty. The proceeds from these discharges will be credited to income in the year they are received. These amounts are not included in the Regional District's financial statements. The detal of the cash deposits and demand notes at year end are as follows: Demand Noto Cash Requirement 2014 Total 2013 Total Balance, beginning ofyear «$= 974,G91 «$= «241,492 § «3,218,183 $2,909,030 ‘Add: Interest earnings 28,621 - 28,621 44,880 New issues. 34,672 78.875 111,847 232,431, Deduct: Payouts on debt retirement : : (65,058) Balance, end of year $1,037,984 318,367 ‘At December 31, 2014, the member municipalities portion of this reserve fund is $1,603,182 (2018 - $1,580,874), 42, RESTRICTED RESERVE FUNDS ‘The District has several reserve funds held for specific purposes. The changes in these funds were as follows: 2014 2013 Fund Balance, at beginning of year $ 20,419,105 $18,600,207 ‘Add: Interest earings 313,293, 209,867 Contributions to reserves 8,495,572 3,675,382 Transfers out of reserves (4,500,784) i Fund Balance, end of year (statement C)REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2014 49. EQUITY IN TANGIBLE CAPITAL ASSETS “The consolidated equity in tangible capital assets represents total tangible assets less the long term debt issued to ‘acquire the assets, The balance Is comprised ofthe following: 2014 2013 Investment in capital assets is calculated as follows: Tangible capital assets, $ 89,429,932 § 86,141,764 Assets under capital lease 1,898,727 2,448,766 ‘Work in progress 607,977 4,785,081 Deduct: Amounts financed by -loans and debenture debt (net) (37,405,084) (95,502,908) -lease contracts payable (1,208,318) (1,499,209) Fund Balance, end of year (Exhibit 1) 58,793,264 __$_96,373.477 ‘14, MUNICIPAL PENSION PLAN “The Regional District of Central Kaotenay dnd its emplayees contribute 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 the Pension Plan, including investment of the assets and administration of benefits, ‘The Pension Plan is a multi-employer contributory Pension Plan. Basic pension benefits provided are defined. The Plan has about 182,000 active members and approximately 75,000 retired members, Every threo years an actuarial valuation is performed to asses the financial position of the plan and the adequacy of plan funding. The most recent valuation as at December 31, 2012 indicated a unfunded labity of $1,370 milion for basic pension benefits, A rate increase went into effect on July 1, 2014 to address this shortfall. The Regional District of Ceniral Kootenay paid $613,895 (2013-$633,934) for employer contributions to the plan in fiscal year 2014. 415, CONTINGENT LIABILITIES ‘The Regional District of Central Kootenay is currently engaged in certain legal actions initiated by outside parties, the outcome of which are not determinable at this ime. Accordingly, no provision has been made in the accounts for any loss which may arise from these actions. ‘The amount of loss, if any, arising ftom these contingent libiities wil be recorded in the accounts in the period in Which the loss is realized.REGIONAL DISTRICT OF CENTRAL KOOTENAY 4 (1) (a) 2013 SCHEDULE OF LEASES Lease Service Lease Item Lease 1D Expiry Date ‘Slocan ValleyFire Freightliner 350711000 28-May-16 a7 109,478.71, Erickson/Arrow Water Ford F350 350740511 28-Aug-16: 20 18,606.86, Canyon ListerFire Freightliner 350760911 28-Sep-16 2 41,894.38 Creston Library Land and Building 125779-8 31-Decd5, 12 299,092.03 Riondel Fire Fie truck 350780812 28-Auga7 32 101,727.34 Northshore Fire Fire truck 350793032 28-Sep-17 33 108,220.56 Balfour Fre Fire truck 350801012 28-Sep-17 33 112,628.70 Nelson Rec Centre Fiber Optic 350770512 31-Dect7 24 29,930.22 Central Refuse ‘Whee! Loader 350810113 26-Jan-18 25 11135157 Central Refuse Bale Style Roll Off Hoist 350820113 28-Apr-18 28 47,458.46, Central Refuse Western Star Truck 350830113 28-Apr-18 28 52,571.85 General Admin/IT Cisco Servers 350841013 28-Feb-17 14 220,503.08, 1253 459.56REGIONAL OSTRICT OF CENTRAL KOOTENAY MPACEST pus nowonciaTURE samen pxreorissue _oareorwarumry “hold” ae : See : ee yaw 18S Sapte oe ow egso100 Brow coud eae eB Seon jou es Cound Rete a Bb amo Brow ied Cal akon or ‘anaeane Brovist reste Sa pod you 189 ara te ane wars Byow iss Soc aye eae Baw jou sd ete Rectan ty a Bs aoa? Show) Neken Roce Fahy se 2 fetamee Brows? hetar eons Fahy aS & tear Sjov kaa ctor nd peared Syov iat ecko re nd teat Sjovites ck ro fe ob pod Show ie Gos taceain a & enna Srowie! Gavan haces aS vonene Shove) Wea sD ‘Samed Bjow sa? Coenen ne genes Bjovaes Geen ean ab aeee Brow m0 owt ae B Fanart Brow ass Weer eS ‘uae Shows Cal vie ser saeco Siovaee jaune mn ‘Saeco Sjow ate eral ie eB : Brow tt Corel ae oD : Spo Epo Ce ee os Srowsst nwewa ae a 8 Shou as edd Se 8 nas (ar owt te a & Sfovzst Sonceraumy Ss 8 Bp 253 Rt ir ea 8REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION AND EXPENSES 6 (2) (a) 2014 SCHEDULE OF ELECTED OFFICIAL'S REMUNERATION AND EXPENSES Monthly Board& Total Total Name Position Allowance Committee Payroll Expenses TOTAL Binks, Lamy Director 32,220 4885 37,105 12,528 49,633, Bunka, Catherine Director 12,492 1,995 19,987 4,435 18,322 Carmody, Michael Alt Director 35 35 Chernoff, Lawrence Director 12,492 7.916 20,408 = 6,317 28,725 Cunningham, Hans Director 32,220 6024 38,204 © 8,023 48,267 Davidoff, Androw Director 32,220 2,968 35,188 8,696 43,884 Dooley, John Director 11,451 3043 14,404 «3,944 18,438 Ett, Hilary DirectoriVice Chair 11,451 3,601 14,952 6,686 21.618 Faust, Ramona Director 32,220 4280 36,500 9,088 45,888 Gills, Elizabeth Alt Director 381 381 Hamling, Karen Director 12,492 3,795 16,287 11,350 27637 Haughton, Janine Alt Director 605 805,741 3,348 Henderson, Ann Director 11,481 2902 13753 2,813 16,568 Howatt, Suzan Director 521 168688 1,248, 1,936 Holland, James Director 11,451 4ort 15.462 8,986 24,447 Jackman, Gary Director 32,220 5816 38,098 11,172 49,208 Kettle, John Chair 29535 © 36,417 85,952 14,603 80,455, Kozak, Deb Alt Director/Director 521 a2 1,342 1,342, Lawrence, Greg Alt Director 1088 1,088 36 4,104 Lay, Greg Director a7 BAT 847 Lunn, Jessica Director 52 ea css az 1,820 MacDonald, Donna Alt Director 327327 327 Main, Leah Director 12,492 2812 15304 9,633 24,937 Mickle, Ron Director 29.535 6403 36,028 4,258 40,284 Mueller, Ul At Director 4,275 1,275 240 2.216 Newell, Thomas Director 1,343 433 1,776 804 2.670 Peterson, Paul Director 32,220 5730 37,950 11,872 49,822 Popoff, Walter Director 32,220 3.298 35,516 9,808 44,824 Schmalz Alt Director 207) 207 207 Shadrack, Andy Director 29,535 4579 34,114 9,669 43,782 ‘Smith, Ricky Director 1,343 433° 41,778 1,085 2,830 Toyoto, Ron Director 12,492 2570 15,062 4,952 20.014 Von Krogh, Henning Alt Director ait att Bit Wall, Tanya Director 4,343 ost fife | flos0) 3128 Watson, Aimee Alt Director/Director 41,943 1658 3,001 4,402 7,403 ‘White, Stephen Director 524 - Bat 1,488 Zaltsoff, Gordon Director 29,536 1807 31,142 32,004 459,306 __ 122.694 582,000REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION AND EXPENSES 6 (2) (b) & (c) 2014 SCHEDULE OF EMPLOYEES REMUNERATION & EXPENSES TOTAL Nr Position EARNINGS EXPENSES (CARRUTHERS cao 15522 ‘1099 CcHIRICO Manger Community Services 108331 1406 ROCKET Manager Recreation 106 2319 DOUVILLE Uy Supensor 186 308 DUNCAN Truck Driver 2085, 460 DURAND Planing Manager 7048 2142 ELLISON Bulling Ofc 75696 2163, FEDIUK Manager Recreation 8266, 13982 HORN CFOIGA 158608, 10872 LEHNERT Tech 6068, 7284 ‘MCDIAROND Utity Manager 91627 3.002 MORRISON Manager Resour Racovery 9603, 2757 (OSTHUIZEN IT Manager ear? 11983 PLOTNIKOFF Bling Oficial 75960 780 ‘SMITH Manager FinancelCFO 7082 602 SOUTHAM Bulng Manager e757 5.308 SOUTHIN Bulking Oca 76816 4422 SUDAN Manger Dev Services 08574 3548 SWAN Regional Fire Chie 6006 4982 VOUSDEN Aquatiness Programmer 75596 4.309 VOYKIN Bulking Oficial 75199 2.366 Wane ‘Administrative Servis Manager 93395, 3.981 WOLF Manager Envronmentl Senices, 1740 202 2qansr 76.308 Consolidated Other Less Than $75000 7765843 93502 Total Otver Employees 99014 169,805,[REGIONAL DISTRICT OF CENTRAL KOOTENAY SCHEDULE OF REMUNERATION AND EXPENSES 6) e) 2014 PAYROLL RECONCILIATION TO FINANCIAL STATEMENT Wages & Benots por Fanci tae Wagos-Bected Orci oor Recanetng tems: Retcing Aonance rot rfleied above Epler Stare of Bones ‘cous Wages Payable ‘Aust anal Ban nlad in Wega Non wage tans, rain, rave, members misc Exempt Porton Val Fe sna8739 22000 esa014 ‘e747ee 18590 90011 0808 |[REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION EXPENSES ‘(5 2018 SCHEDULE OF EMPLOYER COSTS ure INSURANCE & HEALTH EMPLOYEE INoTAX CrP a PENSION BENERTS TOTAL wr ana TTS aT se En Rena 1165000 250700 BOBBED ovina onbies Cr BES EMPLOYEE TOTALS ES _—_— 5TH aS ure INSURANCE & HEALTH EMPLOYER cer 5 PENSION SP won __BENEFTS——_TOTAL OG! (Casal Geos) 1971078400 Cn a c) 002 (Pamanent Sth wor 1179198 267908 centres otg05| 513.06 [EMPLOYER TOTALS Ei i SSA i TaareREGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF REMUNERATION AND EXPENSES 6.7) (a) & (b) 2012 STATEMENT OF SEVERANCE AGREEMENTS 2014 Severance Agreement (1 Employee) s20.444,76 Equivalent Months Compensation 6[REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES 7 (2) (a) 8 (b) 2028 SCHEDULE OF SUPPLIERS AND PAYMENTS EXCEEDING $25,000 49th Paral Construction 33,750 ‘Ackland Granger ne a5. [Akohurst& Gavan Reforestation Li 90,005, Alpine Disposal & Rcyeing Interior Dision Ld 385,131, ‘Aree Forter Wheeler Environment & Infastucture 52190 -Andex Equlpment Rentals 32388 ‘Andrew Short td ena5 ‘Aon Reed Stenhouse 165,870 ‘ArcrihtPlambing & Heating 378 -ASSA ABLOY Entrance Sytams Canad nc. 25,386 ‘Assacated Engineering 2sas BeTranst 1,927,385, Bergovin Electrical Contracting id 34,661 B's Heavy Duty Enterprises Ltd 32g3t lack Pree Group i 57325 Bourke Creek Improvement District, 75,000 Bronntag Canada Ine 38469 Bruce Carcadden Architect ne 234208 Cavin Walker Construction 93033 Canadian imperial sankof wm Canwest Propane Partnership 5870 Castlegar, ty OF 25899 CathraConsuting Lt 45,754 Cinco Refrigeration 138.282 Comfort Welding Ud 3934 Come Water Products ne 75559 Cowan's Ofc Supplies 4195685 Chg Manufacturing td. 53,895 ‘rescent Bay Construction td aus Creston, Town OF 429,860 Custom ing ud B00 ‘Dan Maglio Contacting Ld 02.18 Dave's Plumbing td 157,908 DB Pes Associates Ltd aun be Leeuw, Roderick 009 ‘DHE communiestions ne 70089 Dobiins, Dan 2a Dorel Containers 37,200 ous thornason Services 53.609 Feoseape Environmental Consultant Ld 18,909 mca Corporation 46672 Eng Evronmental wo Faloank Areitects nsoi8 Focus Suroys td Partnership 26,666, Forts Eletcity a7475 Fortsbe- Natural Gas 388.524 Fortsocine 30433 Frey, Chelsey 23,009 {Goat Mountain Enterpries td e788 {Good Water Warehouse 31278 ‘Graphic fice interiors itd a7aM9 Guillen iterational ne 925 Hartge Roofing & Shoot Metal id $8018 Hi-Tech Contracting td ara ywood Tuck & Equipment id 27394 land Aare 59,356 Insurance Corporation of BC 305,600 'SLEngineering And Land Services itd 94,693 I Roraling Ld 45,602Justamere Contracting Ka ire telson) kaso Busing Supplies kaso, Vilage OF Key's Maintenance and Services Ne Construction td Kokanee Peas introns Kootenay Gass & Miror td Kootenay ake Electric st Lang Bushase Systems Le Rock Ding & Basing td Lot Tree Sences ‘Maglio Building Centre Manz Engineering td Martech Electra ystems ed Maverick insulation & Maintenance ta Maxxam dnales Mayday Electric td ‘MeElhanney Consulting Serves td Mesrezor& Thompson Hardware Lid Metal Excavating ne Medal Series Plan of BC -Metafore Technologies nc [Midwest Equipment Ine Mitchel Pres Limited Morrow losance id ‘Muniepa surance Assodation OF "Nakusp, Vilage Of Nash Morrow & Bogus (in Trust) Natural Wood Fle Solutions Led Nelson Chyler Dison of Cty Aut Ltd eson Hydro Nelson, Cty OF ‘New Denver, village OF Newalta Corporation Norock Refrigeration oar Creston (ne time electeal Obtischenia Improvement Distt Ray’ Garbage Pcp Ltd Recelver General of Canada Regional Dstt of Kootenay Boundary Reliance Office Services td Renwick Ventre nelson Toyats fs Canada Fick Jones Contracting coh Canada ne iver Farm Rocky Mountain Ageneies focky Mountain Phoenix Salmo, Vilage OF Seore Construction Ltd Shasheen Machine ne Sk lectronics td Sparing Hanson Associates Inc Startc Refrigeration Series Ld Stu 9 Architecture & Panning Telus Communications Inc ‘elu Serves ne ‘Tempest Development Group Terry Hapora Law in Test ‘etra Tech E84 Ine ‘Tralnor Mechanical Contractors Twin River Controls tt 62057 25379 30831 25,428 31400 329550 54238 33,829 7159 35354 30,000 16,95 42,750 402,868 36,782 36598 2477 4979 31s nze18 136,488 88,139, 58.350 74202 75,588 446,632 38,357 37257 rasa 2r7ase 234.728 aa0.se3 35,870 52,58 2252 sino 34,128 77400 50,700 2,635,817 383,067 23410 65,610 30424 30375 29783 uuaas7 23.389 1423593 9/se7 210,605 40834 59,560 ayes 70326 25,054 32,120 27983 3718 30,000 50985 165,788 44506Unt Busnes Software Corporation ‘Ward Engineering & Land Surveying td ‘Waste Management ‘Werk Controle Ltd ‘westem Canada Safety Serdcs ltd (WER Wholesale Fie & Rescue Lt wiksight ‘Wood Wyant Ine “erox Canada Ltd ‘Yak Area Communleatons Soclety Yelowhead Road & Bridge Young, Anderson Zap Welding (6) Amounts pid t suppers who received agaregate payments of $25,000 or less 375,363 52088 ‘66082 40381 32900 38,098 30000 #3201 29.03 37,500 soe 43415, 27495 TaeREGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES 7 (2) (6) 2014 SCHEDULE OF PAYMENTS OF GRANTS AND CONTRIBUTIONS EXCEEDING $25,000 ‘aour Recreation Commision - Grants 53927 ‘Balfour Senior GizensAsseeation Branch #120- Grants 27332 Canyon Community Associaton ~ Grants ‘33,000 Castlegar & Distriet Publi brary - Grants aro. (Community Futures - Grants 0,000 Creston & Ostet Historical & Museum Sediety- Grants 91787 Creston Public brary Association rants 251,105 Creston Valley Chamber of Commerce - Grants 65,000 Creston Valley Regional Aiport Society - Grants 149396 Creston, Town of- Grants 115548 ar Creek water Users Assocation - Grants 7,680 Kaslo & Dire Arena Associaton - Grants 43200 aslo & District Puble Library Assocation - Grants : rae8 rast, vilage of- Grants 27900 Lardeau valley Community Cub- Grants 35518 Nakusp Publi brary Assocation Grants 136,000 Nakusp, Vilage of Grants azaaae Nelson Cares Soclety- Grants 53.500 Nelson Fire Department - Grants 138565, Nelson Puble brary -Grants 136,420 Nelson Search & Rescue Grants ‘3u754 Nels, city of- Grats 30,240 Robson-Raspborry Improvement Disc - Grants 225936 ural Alternatives Reeearch & Trining Scity - Grants 71528 Solme Puble Library Assocation - Grants 89737 Salmo Valley Swimming Pool cet» Grants 31075. Salmo Valley Youth & Community Centre- Grants 47238 Salmo, Vilage of-Grants 58510 South Kootenay Lake Community Service Sodety- Grants 39,008 South locan TV Society ~Grants 26543 ‘Taghum Community Society - Grants 51519 YanicKngsgate Recreation Society - Grants 38500REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SCHEDULE OF SUPPLIERS OF PROVISION OF GOODS AND SERVICES, 7 (3) ¢) 2044 RECONCILIATION TO FINANCIAL STATEMENT [RECONCILIATION TO CONSOLIDATED FINANCIAL STATEMENTS, ‘Tota apregte payment exceeding $28,000 pai to supers) Total oie tage payrents (Corsoste tl of paymants of 325000 or ss pa supplies (0) ‘Cone tal of al gras ard conser exceeding $25.00 © ‘Cone tno al rasan eonautena of 528 0006s Reconating toms: Payol a Sovrance Agoements Directors Remunoraton& Expences Change in work in reas payables and accruals Tess cata orton or ease payments HeTiGsT toate re pucnasos ‘Acaulstn often canal asso Euipment poss er Consoldated Financial Statements Provision fr Land loure [Debt sence cargos rerest and exctange Diference $ 16e8 4301022 200.004 2ss9.810 $2387.96 3506.23 798.603 (3.918.000) aanee) (622,160) 767.355) 8 4001192 s_sze7e.s53 8 soors.tat (4.975.001) edo.) cleenae) Ss s2p76.88Financial Information Regulation, Schedule 1 Checklist — Statement of Financial Information (SOF. For the Corporation: Corporate Name: Regional District of Central Kootenay Contact Name: Heather J Smith Fiscal Year End: December 31, 2014 Phone Number: (250) 352-8181 Date Submitted: June 30, 2016 E-mail hsmithardek boca For the Ministry: Ministry Name: Reviewer: Date Received: Deficiencies: Yes | [No | oO Date Reviewed: Deficiencies Addressed: Yes | El |No | Ol Approved (SFO): Further Action Taken: Distribution: Legislative Library [1] Ministry Retention [ O FR Schedule +. | item Yes |No | NIA Comments Section iE as 4) (@ | Statement of assets and labios o 1(1) (0) Operational statement 8 ola Se eee EL | C1] 1 fee schedute of bebenture Debt 11) @) ‘Schedule of guarantee and indemnity agreements O)o| @ 10@ cae remuneration o 1 bee siz) royale) 10 ‘Schedule of suppliers of goods an (| Schasileofsuppiersof goods end | gs | ry | beereyinee 10) ‘Statement prepared on a consolidated basis or for each fund, a/o a Se appropriate | 1) | Netos oth nancial statements |_| | | 16) the statements and schedules listed | El | | O | above | |FIR ‘Schedule | tem Yes |No | N/A Comments Section Statement of Assets & Liabilities 2 = Abalance sheat prepared in accordance with GAAP or stated ‘accounting principles / policies, o/a and + Show changes in equity and surplus or deficit due to operations Operational Statement 31) Prepared in accordance with GAAP | or stated accounting principles / policies and consists of: ‘= a Statement of Income or Statement of Revenue and Expenditures, and ‘+ Statement of Changes in Financial Position |3@ +The Statement of Changes in )3@) Financial Position may be Q | ‘omitted itt provides no | additional information | ‘+ The omission must be explained | Inthe notes 30) Community coleges, schoo astricts, and municipalities must prepare a o/o ‘Statement of Changes in Financial Position for the Capital Fund ‘Schedule of Debts 4(1)(@) | List each iong-term debt (secured by 422) debentures, mortgages, bonds, etc) ola stating the amount outstanding, the interest rate, andthe maturity date 4(1)(b) | Identity debts covered by sinking funds or reserves and amounts in o,oa these accounts lag + The schedule may be omitted if 4@ addressed under section20r5. | | and it provides no additional | information ‘+The omission must be explained ina note to the scheduleFIR Schedule 4 Section Item Yes |No |N/A Comments ‘Schedule of Guarantee and Indemnity Agreements Bt) List financial agreements that required government approval prior to being given (see Guarantees and Indemnities Regulation in FIA Guidance Package) 6/0 8 5@2) State the entities involved, and the ‘specific amount involved if known 5(3) 5 (4) ‘+ The schedule may be omitted if addressed under section 2 or 4 ‘and it provides no additional information ‘+The omission must be explained ina note to the schedule ‘Schedule of Remuneration and Expenses (See Guidance Package for suggested formal) 62) (a) List separately, by name and position, the total remuneration and the total expenses for each elected Official, member of the board of directors, and employee appointed by Cabinet 6 (2) (0) List alphabetically each employes whose total remuneration exceeds $75,000 and the total expenses for each [excluding the persons listed under 6 (2) (a) 6 (2) (0) Include a consolidated total for ‘employees whose remuneration Is {$75,000 or less [excluding the persons listed under 6 (2) (a)] 8 (2) (d) Reconcile or explain any difference between total remuneration in this ‘schedule and related information in the operational statement 603) Exclude personal information other than name, position, function or remuneration and expenses of ‘employeesFR ‘Schedule 1 Section Yes |No |N/A Comments Schedule of Remuneration and Expenses (See Guidance Package for suggested format) 6.6) Report the employer portion of El and CPP as a supplier payment to the Receiver General for Canada rather than as employee remuneration B/o/|;o 8 (7) (a) 6 (7) (b) Include a statement of severance agreements providir + 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 (8) Provide the reason for omitting a statement of severance agreements ina note to the schedule of remuneration and expenses o|o Schedule of Suppliers of Goods or Services (See Guidance, Package for suggested format) TN @) List in alphabetical order all suppliers of goods and services who received aggregate payments exceeding $25,000 H)/o|ao 7 (1) (0) Include a consolidated total ofall Payments to suppliers who received $25,000 or less TAD) Reconcile or explain any difference. between the consolidated total and related figures in the operational statement, 72) (b) Include a statement of payments for the purposes of grants or contributionsFR ‘Schedule 1 Section Yes |No | NIA Comments Inactive Corporations a(t) ‘The ministry reports for the corporation ifthe corporation is not operating to the extent required to produce a SOFI | ojo 82) @) “The ministry's report contains the statements and schedules required under section 1 (1), to the extent possible 82) (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 municipaities ~ the SOFIis signed ‘as approved by the board of directors or the governing body (see Guidance Package for example) 9@) Municipalities ~ the SOFIis ‘approved by its council and by the officer assigned responsibilty for financial administration (see ‘Guidance Package for example) 93) ‘Amanagement report is included, signed by the head and chief financial officer, or by the municipal officer assigned responsibilty for financial administration (see 904) ‘The management roles and responsi board of directors or governing body, audit committee, management, and the auditors 906) ‘Signature approvals required in section 9 are for each of the statements and schedules of financial information, not just the financial statements