2018 Annual Report

City of Chilliwack 57 Financial Statements of The City of Chilliwack Fiscal Year Ended December 31, 2018 KPMG LLP 200-9123 Mary Street Chilliwack BC V2P 4H7 Canada Telephone (604) 793-4700 Fax (604) 793-4747 INDEPENDENT AUDITORS' REPORT To the Board of Chilliwack Economic Partners Corporation Opinion We have audited the accompanying financial statements of Chilliwack Economic Partners Corporation (the "Corporation"), which comprise: • the statement of financial position as at end of December 31, 2018 • the statement of operations and accumulated surplus for the year then ended • the statement of change in net financial assets for the year then ended • the statement of cash flows for the year then ended • and notes to the financial statements, including a summary of significant accounting policies (Hereinafter referred to as the "financial statements"). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Corporation as at December 31, 2018, and its results of operations, its changes in net financial assets and its cash flows for the year then ended in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section of our auditors' report. We are independent of the Corporation in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. KPMG LLP 200-9123 Mary Street Chilliwack BC V2P 4H7 Canada Telephone (604) 793-4700 Fax (604) 793-4747 INDEPENDENT AUDITORS' REPORT To the Board of Chilliwack Economic Partners Corporation Opinion We have audited the accompanying financial statements of Chilliwack Economic Partners Corporation (the "Corporation"), which comprise: • the statement of financial position as at end of December 31, 2018 • the statement of operations and accumulated surplus for the year then ended • the statement of change in net financial assets for the year then ended • the statement of cash flows for the year then ended • and notes to the financial statements, including a summary of significant accounting policies (Hereinafter referred to as the "financial statements"). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Corporation as at December 31, 2018, and its results of operations, its changes in net financial assets and its cash flows for the year th n end d in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our respo sibilities und r hose standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section of our auditors' report. We are independent of the Corporation in accord nce with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. KPMG LLP, is a Canadian limited liab lity partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, ("KPMG International") Swiss entity. KPMG Canada provides services to KPMG LLP.