Financial Statements

Consolidated financial statements of the Corporation of the Township of Havelock-Belmont-Methuen are the responsibility of management and have been approved by Council.

The consolidated financial statements are prepared by management in accordance with Canadian Public Sector Accounting Standards.  Financial statements are not precise as they include certain amounts based on estimates and judgements. 

The Township maintains systems of internal accounting and administrative controls of high quality, consistent with reasonable cost.  These systems are designed to provide reasonable assurance that the financial information is relevant, reliable and accurate and that the Townships assets are appropriately accounted for and adequately safeguarded.

Council is responsible for ensuring that management fulfills its responsibilities for financial reporting and is ultimately responsible for reviewing and approving financial statements.  Council reviews and approves the Townships financial statements for issuance to the members of Council, inhabitants and ratepayers of the Corporation of the Township of Havelock-Belmont-Methuen.

The consolidated financial statements have been audited by Collins Barrow Kawarthas LLP in accordance with Canadian generally accepted auditing standards on behalf of the Township.