mens timberland roll top boots Council receives audit plan and regional updates
Representatives from KPMG briefed council on its progress and presented council with an Audit Planning Report. The yearly meeting is an opportunity for KPMG to explain audit timelines, any significant changes to accounting and audit standards, and the regulatory environment or City operations that would impact the audit.
The major figures coming out of the presentation were the benchmark materiality percentage of 3 per cent, equaling 2.8 million dollars of the City planned expenses.
establish and think about what is significant for the city using a measure called materiality, said KPMG partner and external auditor John Stelter. is a measure which relates to the relative size of the activities. You set a materiality level based on a percentage you totaled expenditures for the year. It helps us ensure that we spend our time and energy in those areas of most substance. here,
the final fieldwork of the audit is set to take place from March 12 30. KPMG will present the audit results along with the 2017 financial statements to council at the end of April 2018.
Mayor Stuart Houston offered some context for the piles of sewage and waste water pipes along Jennifer Heil Way.
Houston said that the Capital Region Waste Water Commission is using that as a staging area for a major upgrade to how the City will handle wastewater.
we doing is spending approximately $8.9 million north of Spruce Grove to allow us to service the new growth between Spruce Grove and Stony Plain, Houston said. pipe will be upgraded. You see all the excavation along the Yellowhead (Highway) toward the east. added that the upgrades will prepare the area for storm events, that experts forecast will happen once every 50 years.
Coun. Wayne Rothe told council that the Spruce Grove Public Library board discussed and ultimately shot down the idea of an honourarium to trustees as means of encouraging more interest in board membership. the reasons discussed, the library has never actually had a problem attracting board members, said Rothe of the existing board. are at capacity. Also,
the library struggles with money and felt that we didn want to take money from core services. decision stems from the library board meeting on Jan. 16.