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  • 2019 RDCK Financial Statements

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    2019 RDCK Financial Statements

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    2019 RDCK Financial Statements

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    © All Rights Reserved
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    2K Ansichten46 Seiten

    2019 RDCK Financial Statements

    Hochgeladen von

    BillMetcalfe
    2019 RDCK Financial Statements

    Copyright:

    © All Rights Reserved
    Als PDF herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 46
    2 GrantThornton ‘An instinct for growth’ Consolidated Financial Statements of REGIONAL DISTRICT OF CENTRAL KOOTENAY December 31, 2019 © GrantThornton REGIONAL DISTRICT OF CENTRAL KOOTENAY Index to Consolidated Financial Statements December 31, 2019 INDEPENDENT AUDITOR'S REPORT Pages 1-3 ‘CONSOLIDATED FINANCIAL STATEMENTS. Exhibit - Consolidate Stament of Financial Poston Pages Exhibit #2 - Consolidated Stament of Operations Pages Exhibit #3 - Consolidated Staament of Changes in Net Debt, Pages Exhibit #4 - Consolidated Statent of Cash Flows -Page7 Exhibit #5 - Notes to Consoldted Finacil Statements Pages 8-19 Exhibit #6 - Consofdated Tange Capital Asset Schedule Page 20 -LEMENTARY INFORMATION (UNAUDITED) Statement A ~Captal Funds Slatement of Financia Psion -Page2t ‘Statement B - Capital Funds Statoment of Equiy in Tangile Captal Assets Page 2 ‘Statement C- Reserve Funds Statement of Financ Poston = Pages 23-28 ‘Statement D - Operating Funds Statement of Financial Poston Page 27 ‘Statement E - Summary of Supls by Senvice Pages 28-32 ‘Statement F Staterent of venus and Expenditure by Service Pages 33-42 ‘Schedule 1 - Schedule of MFA. Debenture Debt Pages 43-44 2 GrantThornton ‘An instinct for growth” INDEPENDENT AUDITOR'S REPORT ‘sneer To The Boardot Directors ofthe Teamazons Reglonal Distt of Contra! Kootenay haere Opinion \We have auded the consolidates fnancll statements ofthe Regional Distt of Cental Koctonay, hen compres the consoled statement of financial positon az. at December 31,2018, andthe consolidated statements of operations, changes in net debt and Cash flows fo" the year then ended, and nots to the financial statements, ncuding & Summary of sgiicant accountng paces. In cur opinor, the accompanying consolidates nancial statements present fay, in al ‘ato respects, the consoldated franca positon of he Regional Distt of Cental Kootenay a December 3", 2019, and’ 8s. consolidated tnancal perfomance and is Consoldatod cash flows forthe yea then ended in accordance with Canaan pubic sector accountng standards. Basis for Opinion ‘We conducted our aun accordance wth Canaan genealy accepted auting standards ‘Our resporsiites under ‘hose standas are furher deectbed Inthe. Auto's ‘Resporatities for the Aud ofthe Consoatd nancial Statements section of ov report ‘We are independent of the Disc accordance wh the ethical requements that re ‘alevant to our audit of th coneaated fnancaleatomans n Canada, and e have lad ‘ur other eel responsibiis in accordance wth these requirements We belove thatthe fut evidence we have cbianed ls suficlen and appropriate fo provide @ bas Tor our Danion Emphasis of Matter - Restated Comparative information ‘We draw stenon to Note 20 tothe coneoidsed nancial staterens, which explain tat ctain comparative information presented forthe year ended December 31,2018 has been Festated. Ouropnion Isnt modified in respect is ati. Other Mators (Gur aut was conducts forthe purpose of faming an opcion on the consolidated nancial ‘talement ten a8 2 whole. The supplementary infomation i present fr purposes of datlonal anayes and is nota required pat of he consoldted ancl statemens. Such Supplementan formation has fot been subjected to the aulng procedures apple in the ‘vk of the consolidated Manca salrnens ang, accordingly. we express no opion On thereon, Responsiblifes of Management and Those Charged with Governance for the Consoldatea Financial Statements “Management is responsible forthe preparation and fair presentation of the consolidated financial sttsrents in accordance wah Canadian puble secon scouring standards, and {or such intralconrel a management detormines Is necessary t erable the preparation ‘of consoidate nansil statements tht are ree fem mates misstatement, whether Suet fraud or enor, INDEPENDENT AUDITOR'S REPORT (continued) In preparing the consoldsted fhanca statements, managements respenabefor assessing the Distets aby fe continue s a going concern, lscosing, a8 applable, mater elatad to.going concern and usin th going concer basso accountng unless management eer Intands to bquldate he Distt oo cease operations, of has 0 reac aternatve to do 82, “Those charged wih governance are responsible for overseeing the Distt’ Mnancal reporting protess, ‘Auditor's Responsibilities forthe Auclt ofthe Consolidated Financial Statements (ur objectives aro fo obtain reasonable assurance about uhethe te conaoidated financial stalements as @ whole are fee fom matorl misstatement, whether duo to frau & econ, and testo an auators report tht includes Qu opinion. Reasonable assurance s a high lvel of assurance, but fs ol a guarantee tal an aus conducted in accordance with Canadian geteraly secepted auding standards wil always detect material misstatement ‘when @ exc. Misttements can aise tom ado: eror an are considered mater, Indu of inthe aggregate, they could reasonably be expected to fue the economic ‘decisions of ses taken on te basi ofthe consodated Francia statement ‘As part of an aust in accordance wih Canadian generaly accepted austing standard, we fxerise prolssona judgment and mantan professional skeptciam thoughout the aut Weatte ‘+ entity and assess the risks of matral misstatoment ofthe consoldated facial ‘alemenis, whather due to fraud or err, design and pefoom aust procedures Fesponsive to those risks, and oblain aud evdonce that f sufcent and pfropiate to provide & bass for our opnon, The isk of not detecting a material iistaterentresuting fom fraud is higher than for one result tom eror, a8 fraud may mole colusion,frgery, tenionl omissions, misepresentaions, of ‘he override of ntl conto, ‘+ Oban an understanding of interna conto! relevant to the aud inorder to design ave procedures that are appropriate nthe cumstances, but no fe the purpoxe ‘of expressing an opinion on the eloctveness of the Distt intemal contra ‘+ Evaluate the appropriatonoss of accounting pales used and te reasonableness cf accounting estimates and related dsclosures made by management INDEPENDENT AUDITOR'S REPORT (continued) “+ Conude on the appropriateness of management's use of the going concern basis of accounting and, based on the aut evidence obtained, whethor a material Lunesta ests relied fo events orconions tht may cast sgnifleant doubt on ‘he Distt’ ably to continue as @ going concern. If we conchide hat a material Uncertainty exis, we are required te draw attention in cur aur’ roprt to the ‘elated dscosures i the consoldsed nancial statements o,f such disclosures ‘are nadequat, to most our opinion. Our conclusions are based on the aust ‘evidence obtained up to the dae of eur autos report However, future events oF ‘onctens may cause the Distt to case to continue as aging cncem. 1 Evalite the overall presentation, structure and content of the consolidates fare statements, Incusing the disclosures, and whether the consolidated {iarcal stalemonts represent ho underhing tarsacons and events in a manner ‘hat scieves far presentation, ‘We communtate wah those charged wth governance regarding, among oer mates, the planned scope and ining ofthe ac and sigifeant aust range, using any Scant ‘efcences intemal coal that we Kent ung our su. Pest lon. ar (Chartered Professional Accountants ‘Apr 18,2020 Nelson, 8, REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2018 FINANCIAL ASSETS. Cash an temporary investment (note 2) Pesounts ocala Due rom member muniipalitis (nto 4) Due rom member mnie acred terest uneluies ‘Accounts Payable and acres bits Loans payable ‘cruel interest payable MEA Lanai closure and post closure costs accu (ote 5) HE mines contained st nb (ot 1) Nelson arse stato contaminated st lly (ota 10) Debentura Batt MFA not 8) Equipmant feancing bane (96 7) Detered revenue (ne 8) NET DEBT (Exhibit"3) NON-FINANCIAL ASSETS Works-i-promress (ne 8) Tangbl captl asso (ota 10) Inventory of suppies Prope expenses, ACCUMULATED SURPLUS (no 11) ‘COMMITHENTS (note 16) ‘CONTINGENT LIABILITIS (note 22) ‘SUBSEQUENT EVENT (oto 23, 5 Financial Ofer / 219 S$ 0,149;85 o053,792 6.106.243 55373088 238,256 4.510.282 75,385.45 16:231,259 4457335 $_105.277.562 exhibit roa 8 32501888 “421802 17.185.688 216.415 54:399,500, 2.559.092 ‘7948s sean 6.306, 00,000 50,178.01 2354713 700.667 10560.158, soss1 810 14947 521,709 $ _90082.197 REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF OPERATIONS: Fer the year ended December 31, 2019, Grants nd donations (Gas Tax grat Conmunty Works Commits ining Coumbla Sas Trust Donated Land Interest earings Inrestsomngs- Capa funds Interest eamings- Reserve funds Rental revere Permit foe (Con recoveries and contract revenue ‘Sale ofmaterals Relind a sus: MFA debt teen (Gan on disposal of equipment EXPENSES (note 21) Legals rectors expansos ‘Agminitraton sorvons ‘Wages ang employees benats Provision for Landi eosre and oat osu coats (Geneal- operations and maintananca Vehicles operations and martornco Equipment -opraten and maitrance Grane Financial sorvins grant Comite faning Columbia Basa Trust (Gar Tax gant Community Woes Debt senicas charges erst ‘mertaaton| Budget Aesust 2019 2018 S$ s0g07s85 —$ ana04207 ‘9001230, ‘0135 1478300 006.744 7400 sois.247 1,099,038 ‘26.000 339,98 1.304200 2916.98 173738 508200 80. s74s0s sor04as 4.510828 so004a4s, 18393061 387.40 (a7) sang 314928 24031405 2004.025 ‘10807 523.018 >sq07 460,228 4900177 2343.98 3296.430 tanesrt 572995 riss35si 1,600,179 1597 48 tsz2.8 Senn. 5528.35, ses0s7 [ANNUAL SURPLUS (note 17) rorress 6325.2 ACCUMULATED SURPLUS, BEGINNING OF YEAR, PREVIOUSLY REPORTED 105 968,443 PRIOR PERIOD ADJUSTWENT (ite 20) 7,016,306 /AGCUMYCATED SURPLUS, BEGINNING OF YEAR, AS RESTATED 98.952137, AAcCUMPLATED SURPLUS, ENO OF YEAR, AS RESTATED 05.7762 nancial car exhibit“? 218 (tne ate 2 Sabor 9.412059 1487816 413 573.358 3590004 Ter 946 erit0 re 19284 207781 2.090801 17207498 4.308 818 1.058 182.954 701.507 1.483.292 ‘37.588 9940761 1850553 5344640 49226500 2955835 09311607 7,016 309 5,755,501 Essa, exibie“3" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CHANGES IN NET DEBT For the year ended December 31, 2018 Actual 2018 (ste 20) ANNUAL SURPLUS $ 6325595 5 _2556,806 Acauiston of tangle captal assets ncuing Works -n-eoaress (n7ozes) (11,902,998) ‘merization of tangle capital sets ning leases sass. s3te.510 Loss on mpaimment of tangible apa assets 41587920 7 Proceeds fom sale oftangle capital assets 61,260, sor (Gan on ispasal of tangible capa assets 37857 13,283 (aa72.55) wus 547 Decrease supe inventories 61330 23730 Decrease (nerease n prepaid epense 37/094 165,142 2 137403) ‘CHANGE IN NET DEBT zasiae esto.) NET DEBT AT BEGINNING OF YEAR 738267 (3972.55 NET DEBT AT END OF YEAR $ 115231359 _$_(17.382687 Financial Offcar bi REGIONAL DISTRICT OF CENTRAL KOOTENAY. CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended December 31, 2018 2018 (OPERATING ACTIVITIES ‘anual ups 258 608 ‘Amortzaten saasao (Ganon depos of angle capt aests (32s lst en parent of ange opal asa Capital donation efland : Seti ouster HCA debt (o73388) Changes nprepaiexpnece (a 42) (Changs in sentry euros 23730, Changes to tran ascts oa ‘Ress resale 2082700 ‘rer roanatles S073 mas Changes to fri aber "Acourspoyable and cd Habis (209800) {apa osu & ost come cots accuse Susi Doses nares (east) Deteredreverue e368 31787 ‘cach Proved By Opting Actos sa08213, CAPITAL TRANSACTIONS ‘Aégulton tage capa asesncang Wexksn-ropo5s (14347080) 4.302998) Proosde tom ane of ange cpt tote i260 22072 ‘Cash ope to captalfansactons roma 780) rsa FINANCING ACTIVES. ‘Operating un benowing 833,000, 7 “Temporary boring aanart Eeumen aren bowing : seas ‘epymant of prnpl on peeyborong (za) (73.8!) Fepayren of pinsl on equpmet trancg ass (arse) ras) Repayment oflenserm dt cusea 74 aes 00, ‘Cosh Proved By Frarcng Acitos 20E aN ara8 INCREASE (DECREASE) IM Cass: sears wn ‘CASH, BEGINNING OF YEAR 2.01506 26601 ‘CASH, END OF YEAR. S$ saness 32504508 (LA snl Once REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ‘hs at Decomber 1, 2019 ‘The const fan stamens fecal revenues expres, arts rd bes of Roglnl Otto ‘Canta Kootenay. the sit poy alow acerany poeple oorray seeped fr Beh colle Regal Garis ac apa ah pence anita. The stant ve bon prepared in accra) atone Seeing stunt onan yt ae Sc Arn ons (S08) 0 Tho fess he PSAB stam ion he rari poston fhe Dstt ad changes htt. The Stan of Fanci Posen nue seats ad lain of est. Th prondosiometon about Me Dats ‘ere revenue ragronais nt iyo nance aces and mat store, “Tse cntcedslatenensncoe scoala funds ofthe Regal istic of Catal Kola, nn {areaian an talancns hae ben ements. Revaruar ae sezaumodarn he peed in cn ha rao ot ‘ent ceaured ia gnre feo oie evens. Capendhres re acres orin th poe tsa snus Invstment pos re recat a cst “Tanabe Cap Aas “Tangle capt aeeats conprid of catalase capa works Inpro, carted soe Srateaton an arcana teconng te fctonl use, Amoroso eee oh 89 Ih ented af if fh saa wane hatha smataton akon th yeahs asst pt no son Danae angie sans re rope fara at ne reo onan, Exbmaog Uk ase aoe Suing and ling amporante ovesosean Engheing sects icing end groves) Stoo yen Pag ‘stoad son String atest fein etre Revenue Fund reohod fr pete pupeses which ae extagen, auton rarer ad nat ‘olen or goraral runt upon ‘heroven socgrze Uae ot Etinatos “The prepara ot rani tasmons in ozordaoe wih Cans ll ctr acsinng sandr reauree !manageont sake estate na asus tc he opted aro of esas oa asthe dle of ‘Rofeancal datmons and em epomnd anounso raenies re sxpename aren te arn eas. Spies ‘seas ecung essence re veal age caplet areriaton onthe prove or 37 ‘Hotere, Asin reel er fom rarageranes ba etna 2 adcronsl onan bacon, ants" (Continues REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ‘As at Decombor 31,2018 ‘1. StoNIFICANT ACCOUNTING POLICIES continued) even Recogaion Ghargs water nage a rc ara ar ne yar ay te charge “Eandtons grat evans rexgnand oe eet epoca cnt ae el Unesnna [yartaven recognises mone te eo ‘rons tere acqucon otro capil ssf re cnprizes tepid expendi sma, ‘Suu of sarons dcr orto w engrand ov a area ba ung Part revenue recoded when cash nvetain Inv iocasumpan are read th owe ot ates ae Covormen ranafre Covert rants are espa a een inte ped at ne nserver, fay Renae dea tener est (819) $ reonere 5 aszunas0 Defra date 8) tema * 235473 UPA det rossec ema ests fr HB Mes reedton Sener ‘The Rogona Disret has reat aly speement wt ancl irttton veh vs fl commimant of '8600000 Me December 31, 2018, Raga! Dit h run nomen of NI (2017. Sl) en fs areas ‘ha Ravana! Ort of Con! Xacteny beau fads tm Be Muni nce Aut on behalf of mms Insp, Te sour dun ram te unites porin ate debate cat osanang Exits (Continues) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2019 5. CLOSURE PLANS -LANDFILS ‘he Renal Dabs Cans Kostnay his had nga prepare design ard operon plane fee atv ict laa” Tee lr ine ataios conan oll ose shses a xs neces wih on pna. Th Fatpresrvau ane naicenire opt Gnire nn ints tent sar oats oe lows st Woste __Cantal Waste _West Waste Cala Capacty Uses Ca) 1wa700 240509 eae Total capcty tte St 7.000 1.04500 2972000 oowalpesdesue cone Yous 140 Smee § asm sa00 veritas = $—ason «sano D Posts carpeted in ene Es 3 2s Prot year Site Core 262 aa 2050 PropeledPV Gast Ste lowe and PostConue —«$—

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