Islands Trust Statement of Financial Information March 31, 2015
· Islands Trust Area · Reports & Publications · 2015
Original Trust document
· 260 KB
· SHA-256 4c302afee8f85e67…
Machine-read by OCR. This record is a scanned image with no text layer of its own. The 8,592 characters below were produced by optical character recognition, contain errors, and are published so the document can be searched and read by a screen reader. The original document governs. Never quote this text without checking it against the scan.
Topics: First Nations & reconciliation · Governance & budget · Marine & foreshore — our classification, not the Trust's.
Extracted text (beginning)
[[page 1]] Islands Trust 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. PF Kachin Peter Luckham Chair of the Executive Committee, Trust Council [[page 2]] Islands Trust 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 of these statements are management's responsibility. Management is also responsible for all 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. Their examination includes a review and evaluation of the corporation’s system of internal 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 O HE Cindy Shelest Director, Administrative Services [[page 3]] Islands Trust 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 2014/2015. Prepared under the Financial Information Regulation, Schedule 1, Subsection 6 (7) CO MiGs Cindy Shelest Director, Administrative Services [[page 4]] SCHEDULE OF REMUNERATION & EXPENSES APRIL 1, 2014 - MARCH 31, 2015 Islands Trust ae EXPENSES Allen Alecandacr Trustee $11,883.63 $2,077.87 Atha Dereck TFB $450.00 $348.50 Barber Diane Trustee $4 850.99 $835.06 Bertrand Ronald Trustee $450.00 $1,410.30 Brent Paul Trustee 10,184.31 $1,438.85 Busheikin Laura Trustee/Vice Chair $20,299.27 $6,117.47 Critchley David Trustee $3,817.01 $1,223.07 Crumblehulme Brian Trust
First 3,000 characters. Open the original for the whole document.