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

Smoke from Ootischenia nothing to worry about

The smoke is coming from the burning of a large slash pile.

Downed power line closes Connors Road

Castlegar fire crews are on site.

Addition to Syringa Provincial Park protects winter wildlife range

35 hectares will be added to the park’s southeast boundary thanks to a private land acquisition

Selkirk College to make pitch for new student housing on campus

$25 million project would see new student housing built in Nelson, Castlegar

VIDEO: 13-year-old killed in B.C. crash that involved five kids

The children range in age from six to 17.

In a fight against cancer, Victoria man’s only stem cell match was his own donation

More mixed race and Asian stem cell donors needed, says Victoria family

MPs denounce leaked reports of Trudeau-JWR clash over Supreme Court pick

Opposition MPs called the leaks an act of desperation meant to smear Wilson-Raybould

Study says B.C.’s housing policies mean drug users can be targeted for eviction

The study involves 50 people living in Vancouver’s Downtown Eastside

VIDEO: Homicide team called in after three killed in Surrey car crash

Investigators ask public to come forward with information, dashcam video

Stranger climbs onto B.C. family’s second-floor balcony, lights fire in barbecue

Incident in Abbotsford terrifies family with two-year-old boy

UPDATED: Sailings resume after BC Ferries boat hits Langdale terminal

The Queen of Surrey is stuck on the dock, causing delays to Horseshoe Bay trips

Eviction halted for B.C. woman deemed ‘too young’ for seniors’ home

Zoe Nagler, 46, had been given notice after living in the seniors complex in Comox for six years

Coroner’s inquest announced for Victoria teen’s overdose death

Elliot Eurchuk was 16 years old when he died of an opioid overdose at his Oak Bay home

Most Read