REPORT TO: Council FOR: Council REPORT FROM: Financial Services
PRESENTED: June 20, 2017 FILE: SUBJECT: 2016 Statement of Financial
Information (SOFI)
Recommendation:
That Council approve the following resolution:
THAT the District of Squamish approve the 2016 Statement of
Financial Information as presented on June 20, 2016.
1. Executive Summary:
To present the 2016 Statement of Financial Information (SOFI)
for Council consideration.
2. Background:
The Municipality is required to provide a Statement of Financial
Information by June 30th each year to be in compliance with the
Financial Information Act, which requires that:
1) the Statement of Financial Information, prepared by a
municipality, be approved by its Council and the officer assigned
responsibility for financial administration under the Local
Government Act; and
2) a management report, approved by the officer assigned
responsibility for financial administration under the Local
Government Act, must accompany the Statement of Financial
Information.
Section 168 of the Community Charter also requires
municipalities to annually report out each Council Member’s
remuneration, benefits, expenses and any contracts the municipality
has with them.
3. Project Information:
The attached 2016 Statement of Financial Information has been
prepared in accordance with the Financial Information Act and
reviewed by the Director of Financial Services.
The Statement of Financial Information (SOFI) is on a
consolidated basis as required under Regulations for the Financial
Information Act. Transactions for Squamish Oceanfront Development
Corporation, Squamish Sustainability Corporation and the Squamish
Public Library Association are included.
The Schedule of Remuneration and Expenses satisfies the
requirements under Community Charter Section 168. All benefits for
Council Members, including non-taxable benefits are disclosed. This
presentation is consistent with the prior year. The District has no
contracts with Council Members to disclose.
RTC 2015 Statement of Financial Information
4. Implications:
a) Budget: n/a
b) Organizational Impact: n/a
c) Policy:
This report is prepared pursuant to provincial legislation.
d) Environment: n/a
e) Council Priority and Strategic Plan Alignment: n/a
f) Citizen Engagement:
The Statement of Financial Information is provided to the Public
for information.
g) Implementation:
Following Council and officer approval, The 2016 Statement of
Financial Information and a checklist will be forwarded to the
Ministry of Community, Sport and Cultural Development.
5. Attachments:
1. 2016 Statement of Financial Information (SOFI)
6. Alternatives to Staff Recommendation: n/a
7. Staff Review
Prepared By:
Linda Klassen, CPA, CMA, Manager of Financial Services Reviewed
By:
Christine Mathews, CPA, CGA, CFO
Robin Arthurs, General Manager of Corporate Servies
CAO Recommendation:
That the recommendation of the Finance Department be
approved.
L. Glenday, CAO
