Islands Trust Statement of Financial Information March 31, 2019

Extracted text (beginning)

STATEMENT OF FINANCIAL INFORMATION APPROVAL 
 
 
 
 
 
 
The undersigned represents the Trust Council of the Islands Trust and approves all the 
statements and schedules included in this Statement of Financial Information, produced under 
the Financial Information Act. 
 
 
 
 
___________________________ 
Peter Luckham 
Chair, Islands Trust Council 
 

 
 
The Financial Statements contained in this Statement of Financial Information under the 
Financial Information Act have been prepared by management in accordance with generally 
accepted accounting principles or stated accounting principles, and the integrity and objectivity 
ofthesestatementsaremanagement’sresponsibility.Managementisalsoresponsibleforall
the statements and schedules, and for ensuring that this information is consistent, where 
appropriate, with the information contained in the financial statements. 
 
Management is also responsible for implementing and maintaining a system of internal controls 
to provide reasonable assurance that reliable financial information is produced. 
 
The Trust Council is responsible for ensuring that management fulfils its responsibilities for 
financial reporting and internal control and exercises this responsibility through the Audit 
Committee of Trust Council.  The Audit Committee meets with management and the external 
auditors two times a year. 
 
The external auditors, KPMG, conduct an independent examination, in accordance with 
generally accepted auditing standards, and express their opinion on the financial statements.  
Their examination does not relate to the other schedules and statements required by the Act.  
Theirexaminationincludesareviewandevaluationofthecorporation’ssystemofinternal
control and appropriate tests and procedures to provide reasonable assurance that the financial 
statements are presented fairly.  The external auditors have full and free access to the Audit 
Committee of Trust Council and meet with it on a regular basis. 
 
On behalf of Islands Trust 
 
 
 
______________________ 
Julia Mobbs 
Director, Administrative Services 
 

SCHEDULE OF GUARANTEE AND INDEMNITY AGREEMENTS 
 
 
Islands Trust has not given any guarantees or indemnities under the Guarantees and Indemnity 
Regulation 
 
 
STATEMENT OF SEVERANCE AGREEMENTS 
 
 
There were no severance agreements made between Islands Trust and its non-unionized 
employees during fiscal year 2017/2018. 
 
 
Prepared under the Financial Information Regulation, Schedule 1, 
Subsection 6 (7) 
 
 
_______________________________ 
 
Julia Mobbs 
Director, Administrative Services 

SCHEDULE OF REMUNERATION & EXPENSES FOR TRUSTEES
APRIL 1, 2018 TO MARCH 31, 2019
LAST NAME FIRST NAMEPOSITION
GROSS 
REMUNERATION 
TAXABLE BENEFITS
REMUNERATION  INCLUDING 
TAXABLE BENEFITS
TOTAL EXPENSES
Adams    Linda    ITC600$                             600$                                                     
AllenAlexander  Trustee10,819                          90

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