Operating Expenses

Expenses arrived under budget during 2021 at 97% of budget.

Recreation and culture ended 2021 under budget largely caused by extended Covid-19 facility closures during 2021.

Various functions, including protective services, utilities, and operations included staff vacancies resulting in savings to budget in those functions. Protective services includes a contingent accrual related to the Town’s policing contract for retro-active RCMP pay and increases in the contracted cost of policing services.

Administration included an unbudgeted restructuring study, which is offset by an unbudgeted Alberta Community Partnership grant, as identified in the revenue analysis.

A significant project arose during the year which was supported by the Town in the Hwy 11A realignment project, which resulted in an unbudgeted $300,000 expense. Otherwise, operations was under budget during the year from savings in various sub-functions.

Within the utilities functions, contract repairs and maintenance budgets have been reduced for 2022 and there were vacancies resulting in savings in salaries and benefits.

in 000s (unaudited) Administration Protective Services Operations Utilities Social Services Planning & Development Recreation & Culture

Total Expenses

Recreation & Culture 20% Budget

2,215 3,699 3,379 5,147 850 892 4,859

21,041 Actual Variance %

2,356 (141) 106%

4,045 3,584 4,580 (346) 109% (205) 106% 567 89%

926 828 (76) 109% 64 93%

4,185

20,504

674 86%

537 97%

Administration 12%

Planning & Development 4%

Social Services 5% Protective Services 20%

Utilities 22%

Operations 17%

The Municipal Government Act requires that Council appoints an independent auditor to review the financial activity every year. Baker Tilly WCR LLP , a local firm, has been the auditor to the Town of Rocky Mountain House for many years. It was recently the successful candidate in a request for proposal for the upcoming audit term.

The role of Baker Tilly WCR LLP is to review the financial activity and present an independent audit opinion that the consolidated statement presents fairly the financial position of the Town, and that the statements are prepared in accordance with Canadian Public Sector Accounting Standards.

The audit committee contains all members of Council and it is their responsibility to appoint the auditor, review and approve the terms of engagement every year, meet with the auditor prior to the audit to discuss the scope of the audit and to review the final audited statements as well as any audit findings and to accept and approve the audited financial statements. They are also responsible to ensure that management is completing its responsibilities in managing the entire financial process including the audit.

Quarterly financial statements are presented to Council for March, June and October each year and a year-end analysis is presented once the financial statements are complete.

Audited Financial Statements

TOWN OF ROCKY MOUNTAIN HOUSE

CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021