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RFD- 3293 Business Items   Item #   10. a.    
Regular Council Meeting Agenda
Meeting Date: 04/23/2018  
Title:    2017 Audited Financial Statements - Goodwin
Department: Corporate Services  
Strategic Vision Element: This topic relates to all three of the City’s strategic vision elements contained in Council’s Strategic Plan Related Goal: n/a

Information
Request for Decision Summary
This request for decision seeks approval of the 2017 consolidated financial statements as prepared by Administration and audited by KPMG LLP.

Proposed Motion
That the audited consolidated financial statements of the City of Spruce Grove for the year ended December 31, 2017 be approved as presented.

Background/Analysis
The consolidated financial statements have been prepared and are presented by Administration, which is responsible for their accuracy, objectivity, and completeness.  Administration is available to provide Council with an overview and answer questions about the financial statements.

The consolidated financial statements represent the financial position of the City at December 31, 2017, as well as the results of its financial operations, changes in net financial assets,and changes in financial position for the year.

KPMG LLP, the City's independent auditor, has audited the consolidated financial statements and expressed an unqualified opinion on the financial statements as presented.

KPMG is available to provide Council with an explanation of the Auditor's Report, the Audit Findings Report, and to answer any questions about the financial statements.
Options/Alternatives
N/A
Consultation/Engagement
N/A
Implementation/Communication
The Municipal Government Act requires the City to publish these financial statements and submit a copy to the Minister of Municipal Affairs no later than May 1, 2018.
Impacts
N/A
Attachments
2017 Audited Financial Statements
2017 Audit Findings Report
Auditor's Presentation

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