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KPMG Enterprise
TM
Telephone (604) 793-4700
200-9123 Mary Street
Fax
(604) 793-4747
Chilliwack BC V2P 4H7
Internet
www.kpmg.ca/enterprise
Canada
INDEPENDENT AUDITORS' REPORT
To the Mayor and Council of the City of Chilliwack
We have audited the accompanying consolidated financial statements of the City of Chilliwack which
comprise the consolidated statement of financial position as at December 31, 2012, the consolidated
statements of operations and accumulated surplus, change in net financial assets and cash flows for
the year then ended, and notes comprising 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 consolidated 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 consolidated financial
statements that are free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an opinion on these consolidated 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 an audit to
obtain reasonable assurance about whether the consolidated financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the consolidated financial statements. The procedures selected depend on our judgment, including
the assessment of the risks of material misstatement of the consolidated financial statements, whether
due to fraud or error. In making those risk assessments, we consider internal control relevant to the
entity's preparation and fair presentation of the consolidated 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 entity'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 consolidated 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 consolidated financial statements present fairly, in all material respects, the
financial position of City of Chilliwack as at December 31, 2012, and the results of its operations, its
changes in net financial assets and its cash flows for the year then ended in accordance with
Canadian public sector accounting standards.
Chartered Accountants
April 16, 2013
Chilliwack, Canada
city of chilliwack financial statements
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