Auditor gives Castlegar clean bill of financial health

BDO Canada LLP, presented the findings of the company’s independent audit of Castlegar’s finances at Monday’s council meeting.

Michael Murphy, CPA, CA and senior manager for BDO Canada LLP, presented the findings of the company’s independent audit of Castlegar’s finances at Monday’s council meeting. BDO was engaged to review the statement of financial position, statement of operations, changes in net financial assets and cash flow, and a summary of significant accounting policies for 2015. The auditor had high praise for both the state of the city’s finances and the city staff that prepared the annual financial report.

“Staff was very accommodating and provided open access to all records,” said Murphy. He also stated that there were no instances of fraud detected and that expenses are on par with budget.

A new standard for reporting contaminated sites within municipalities is being introduced in BC and the auditor reported that Castlegar has already implemented the changes ahead of schedule. “I would really like to give credit to city management because they were ahead of the curve on this one,” said Murphy. “They provided support for a number of municipalities in the East and West Kootenays in terms of getting the contaminated sites program off the ground.”

BDO also provides auditing services to seven other municipalities. When asked by Councillor Sue Heaton-Sherstibitoff about how Castlegar compares to other municipalities, Murphy stated, “I would say that it is probably healthier than a number of them, based on a number of factors.”

Just Posted

Trail area homicide investigation continues

Jan. 14 marked one year since Jordan Workman was discovered in the trunk of a burnt car

Outbreak prompts advisory for visitors to extended care wing in Trail hospital

A respiratory infection has been active in Poplar Ridge Pavilion since Monday, advises IH

Scammers using Castlegar home for rental fraud

Local realtors say the problem is happening more frequently with their properties

RDCK moves ahead with Castlegar rec complex upgrade plan

Board approves grant application for $13 million from provincial, federal governments

PLACE NAMES: East Arrow Park, Pend d’Oreille, and Bay Farm, revisited

The Redlands Trading Association store at East Arrow Park was named for a place in California

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Missing B.C. boy and aunt found safe

The pair had been reported missing from Kamloops

Company issues lifetime ban after man jumps from cruise ship

Nick Naydev posted the video last week showing him standing on the balcony of the Symphony of the Seas

Unruly passenger forces B.C.-bound flight to divert to Calgary

Police say charges are pending against a woman in her 40s

Inflation rises as higher airfares, veggie prices offset cheaper gas

Statistics Canada says inflation accelerated to two per cent in December

Social media strains over Prince Rupert’s boil water notice

Resident forms Community for Clean Water, and Jennifer Rice responds to acting mayor’s comments

Dog dies saving B.C. family from burning home

Homeowners safe but one pet missing, another confirmed dead following fire

Russian fighter jets collide over Sea of Japan crews eject

One plane crashed after its crew ejected safely, the other crew also ejected but they have not been found

Judge to deliver verdict in British sailor’s gang rape case

The alleged gang rape took place at a Halifax-area military base in 2015

Most Read