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.”

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Stroke survivors lean on each other in Nelson

‘I’ve learned more about strokes from being in the group than I did from anyone else’

COLUMN: Screening will help take Sinixt people (and their drum) to Ottawa

‘Older Than The Crown’ plays Thursday at the Capitol Theatre

New program offering rides for Castlegar seniors

IRIS has started a transportation assistance program for seniors.

Organic waste pick-up expected by 2022 in RDCK

But there are many unanswered questions in Nelson about cost and details

Two overdose deaths in Nelson over the weekend

Police warn that much of the current drug supply in the city may be dangerous

Pipeline dispute: Tories put no-confidence motion on House of Commons agenda

Conservatives say they have no confidence in the Trudeau government to end the rail blockades

Galchenyuk nets shootout winner as Wild edge Canucks 4-3

Vancouver tied with Calgary for second spot in NHL’s Pacific Division

B.C.’s soda drink tax will help kids lose weight, improve health, says doctor

Dr. Tom Warshawski says studies show sugary drinks contribute to obesity

A&W employees in Ladysmith get all-inclusive vacation for 10 years of service

Kelly Frenchy, Katherine Aleck, and Muriel Jack are headed on all-expenses-paid vacations

B.C. mom’s complaint about ‘R word’ in children’s ministry email sparks review

In 2020, the ‘R’ word shouldn’t be used, Sue Robins says

B.C., federal ministers plead for meeting Wet’suwet’en dissidents

Scott Fraser, Carolyn Bennett says they can be in Smithers Thursday

Province shows no interest in proposed highway between Alberta and B.C.

Province says it will instead focus on expanding the Kicking Horse Canyon to four lanes

First case of COVID-19 in B.C. has fully recovered, health officer says

Three other cases are symptom-free and expected to test negative soon

Budget 2020: Weaver ‘delighted,’ minority B.C. NDP stable

Project spending soars along with B.C.’s capital debt

Most Read