GrantThornton
Independent auditors' report
GrantThornton LLP
200.1633 Ellis Street
KelownaBC V1Y2A8
T (250)712-6800
(800) 661-4244 (Toll Free)
F (250)712-6850
www.GrantThornton.ca
To the members of Council of the District of Lake Country
We have audited the accompanying financial statements of the District of Lake Country ("the District"),
which comprise the statement of financial position as at December 31, 2016, and the statement of
operations and accumulated surplus, the statement of changes in net assets and the statement of cash
flows for the year then ended, and a summary of significant accounting policies and other explanatory
information.
Management's responsibility for the financial statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with Canadian public sector accounting standards, and for such internal control as
management determines is necessary to enable the preparation of financial statements that are free from
material mis statement, whether due to fiaud or error.
Auditors' responsibility
Our responsibility is to express an opinion on these financial statements based on our audit We
conducted 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
assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors' judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to firaud or
error. In making those risk assessments, the auditor considers internal control relevant to the District's
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the District's internal control An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well as evaluating
the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of the
District of Lake Country as at December 31, 2016, and the restilts of its operations and its cash flows for
the year then ended in accordance with Canadian public sector accounting standards.
IIP
Kelowna, Canada
May 9, 2017
Audit* Tax •AdvfKty
Grant Thomton LLP. A Canadten Member of Grani Tfwnton Intemallonai Ltd
Chartered Professional Accountants