Business Items    Item #   11. a.            
Regular Council Meeting Agenda
Meeting Date: 04/24/2017  
Title: 2016 Audited Financial Statements - Goodwin
Department: Corporate Services
This topic relates to all three of the City’s strategic vision elements contained in Council’s Strategic Plan
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Request for Decision Summary
This report seeks approval of the 2016 consolidated financial statements as prepared by Administration and audited by KPMG.

Proposed Motion
That the audited consolidated financial statements of the City of Spruce Grove for the year ended December 31, 2016 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, 2016, 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, 2017.
Impacts
N/A

Attachments-Y
2016 Consolidated Financial Statements
2016 Audit Findings Report