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Independent Auditor's Report Independent Auditor's Report To the Mayor and Councilors of the District of Squamish To Mayor and the Councilors of the consolidated financial statements of the District of Squamish, which We the have audited accompanying District of Squamish comprise the Consolidated Statement of Financial Position as at December 31, 2015 and the Consolidated Statements of Operations, Change in Net Financial Assets and Cash Flows for the year then ended, and a We have of audited the accompanying consolidated financial statements of the District of Squamish, which summary significant accounting policies and other explanatory information. comprise the Consolidated Statement of Financial Position as at December 31, 2015 and the Consolidated Statements of Operations, Change in Consolidated Net Financial Financial Assets andStatements Cash Flows for the year then ended, and a Management's Responsibility for the summary of significant accounting policies and other explanatory information. Management is responsible for the preparation and fair presentation of these consolidated financial Management's Responsibility the Consolidated Financial Statements statements in accordance withfor Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are Management is responsible for the preparation and or fair presentation of these consolidated financial free from material misstatement, whether due to fraud error. statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are Auditor's Responsibility free from material misstatement, whether due to fraud or error. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We Auditor's conductedResponsibility our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable Our responsibility is to express an opinion on these consolidated financial statements on our audit. We assurance about whether the consolidated financial statements are free from materialbased misstatement. conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require we comply withprocedures ethical requirements and evidence plan and about perform audit and to obtain reasonable An auditthat involves performing to obtain audit thethe amounts disclosures in the assurance about whether the consolidated financial statements are free from material misstatement. consolidated financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to An audit involves performing to obtain evidence about the amounts and disclosures in the fraud or error. In making thoseprocedures risk assessments, theaudit auditor considers internal control relevant to the entity's consolidated financial statements. The procedures selected depend on the auditor's judgment, including the preparation and fair presentation of the consolidated financial statements in order to design audit procedures assessment of the risksinof the material misstatement thefor consolidated financial statements, whether on duethe to that are appropriate circumstances, but ofnot the purpose of expressing an opinion fraud or error. of In making those internal risk assessments, considers internal controlthe relevant to the entity's effectiveness the entity's control. the An auditor audit also includes evaluating appropriateness of preparationpolicies and fair used presentation the consolidated financial statements orderbytomanagement, design audit procedures accounting and the of reasonableness of accounting estimates in made as well as that are appropriate in the circumstances, but not financial for the purpose of expressing an opinion on the evaluating the overall presentation of the consolidated statements. effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting the reasonableness of accounting estimates made by to management, as well as We believe policies that the used auditand evidence we have obtained is sufficient and appropriate provide a basis for our evaluating the overall presentation of the consolidated financial statements. audit opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our Opinion audit opinion. In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position Opinion of the District of Squamish as at December 31, 2015 and the results of its operations, changes in net financial assets and cash flows for the year then ended in accordance with Canadian public sector accounting In our opinion, the consolidated financial statements present fairly, in all material respects, the financial standards. position of the District of Squamish as at December 31, 2015 and the results of its operations, changes in net financial assets and cash flows for the year then ended in accordance with Canadian public sector accounting standards.
Chartered Professional Accountants Squamish, British Columbia May 3, 2016 Chartered Professional Accountants Squamish, British Columbia May 3, 2016
BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.
| 2015 District of Squamish Annual Report BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.