School District No. 83 not only received a clean audit report but also some praise for its processes during the external auditor’s report during the Board of Education meeting at the District Education Support Centre (DESC) on Tuesday, Sept. 25.
Each year, as mandated by the Ministry, an external audit of all school districts financial statements takes place, typically over the summer.
Murray Smith of KPMG, the external auditors of School District No. 83 (North Okanagan-Shuswap), was on hand at Tuesday’s board meeting to report on the audit explaining they come into the district, and do their checks and run their processes before they can deliver an opinion.
“We are happy with the financial statements as presented. It was a very clean set of statements, ” said Smith. “We are happy to provide a clean opinion.”
“In our opinion the financial statements of School District No. 83 (North Okanagan-Shuswap) as at and for the year ended June 30, 2018 are prepared in all material respects, in accordance with the financial reporting provisions of Section 23.1 of the Budget Transparency and Accountability Act of the Province of British Columbia.”
Murray Smith, KPMG external auditors
Smith provided an overview of the audit (Complete 2017-18 Audited Financial Statements available here) noting that SD83 financial staff were very good to work with. “Staff were well prepared and helpful as we worked through our process,” he noted. “It was a very clean process.”
Official Trustee Mike McKay approved the auditor’s report as presented adding it was good to hear that KPMG, who has many clients including many other school districts, feels the district’s processes are also strong. “We’ve worked hard on the transparency side and you’re saying we’re very good on the technical so it is good to hear,” commented McKay.
McKay expressed his thanks to the auditors and to district staff including former Secretary-Treasurer Nicole Bittante and interim Secretary-Treasurer Bruce Hunt, Director of Finance Gary Greenhough, and the finance staff for the good work.
The approved statements will be signed, sent to the Ministry of Education and then posted on the district’s website under Financial Reports.