72 City of Chilliwack Financial Statements of CITY OF CHILLIWACK And Independent Auditors’ Report thereon Year ended December 31, 2022 KPMG LLP Suite 200 - 9123 Mary Street Chilliwack BC V2P 4 H7 Canada Telephone (604)793-4700 Fax(604)793-4747 INDEPENDENT AUDITORS' REPORT To the Mayor and Council of City of Chilliwack Opinion We have audited the financial statements of City of Chilliwack (the "City"), which comprise: • the consolidated statement of financial position as at December 31, 2022 • the consolidated statement of operations and accumulated surplus for the year then ended • the consolidated statement of changes in net financial assets for the year then ended • the consolidated statement of cash flows for the year then ended • and notes to the consolidated financial statements, including a summary of significant accounting policies (H ereinafter referred to as the "financial statements"). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the City as at December 31, 2022, and its results of operations, its consolidated changes in net financial assets and its consolidated cash flows for the year then ended in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section of our auditors' report. We are independent of the City in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. l'P 'IC LL�' Jn l)n1.:.HIO lir111\P.d I!,!)1111y �dflllH�tHp ]I 1d 111emh r f!rlil •I Itl' !,Pl'.P I, 11 •1/0'lnl :111, •fl (Jf 1n:J�.r'"!J1Ll::!t11 r1W•i11l:,,.,r ttr111"' .;llil1atod w111, l•J·/v,(, lnltr11 1u)11.;I L11111li:::ll '1 �11-r, Iii E nqli:,h ,.�1r11p8Jl� 111111\,,rl 11 qu::1rc1 1(-,� �F'iv1t3 ( ar1Jd,-1 pruvkl• s ,,,.::rvir�s l•, 1 l<Pll.iiG LLP Annual Report 2022 73
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