The City of North Battleford's bookkeeping has been given the nod by its external auditors.
Beverley Allison of Clements Kwong Svenkeson Raiche Chartered Accountants told North Battleford city councillors last week they had earned a clean audit opinion.
The external auditor's job is to express an opinion on the consolidated financial statements prepared by City management. The written opinion was that they "present fairly, in all material respects, the consolidated financial position of the City of North Battleford as at December 31, 2013."
Allison pointed out highlights from several statements, including the document commonly referred to as the balance sheet. This document summarizes a snapshot of what the City owns (its assets), what it owes (its liabilities) and the difference between the two (its accumulated surplus), commonly referred to as equity.
In 2013, the accumulated surplus was $133,925,625, up from $127,114,615 last year.
Now that the audit has been completed, it will become part of the City of North Battleford's Annual Report and can be accessed at http://www.cityofnb.ca/city_government/finance.html.
Also posted will be the public accounts, which list remuneration paid to the mayor and council members, and to contractors and employees paid more than $50,000, as well as grants of more than $50,000.
