Municipal Hall
Finance Department
Lake country
10150 Bottom Wood Lake Road
Lite. The Okanagen Way.
Tel: 250-766-5650
Fax: 250-766-0116
May 9, 2017
The Mayor and Council
District of Lake Country
Mayor Baker and Council:
In accordance with Section 167 of the Community Charter, i am pleased to present the 2016 Annual Financial
Statements of the District of Lake Country for the fiscal year ended December 31, 2016. These statements
include the Independent Auditors' Report, the financial statements and the notes and schedules to the financial
statements for the District of Lake Country.
The financial statements for the year ended December 31, 2016 were prepared by the District in accordance
with Canadian Public Sector Accounting Standards. The integrity and objectivity of these statements are
management's responsibility. Management is" also responsible for implementing and maintaining a system of
good internal controls to safeguard the District's assets and to provide reasonable assurance that reliable and
consistent financial information is provided.
Council is responsible for ensuring management fulfills its responsibility for financial reporting and internal
control.
The auditors. Grant Thornton LLP, conduct an independent examination, in accordance with Canadian generally
accepted auditing standards, and express their opinion regarding the Annual Financial Statements. The audit
was planned and performed to obtain reasonable assurance as to whether the financial statements are free
from material error or misstatement.
The District strives to ensure that sen/ices are effectively and efficiently delivered to meet Council's and the
community's goals and vision. The District is committed to providing sound financial management and long-
term strategic planning to achieve these objectives.
Respectfully submitted,
Tanya Garost, CPA, CA
Chief Financial Officer
-Vassal
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