Message from the Director of Corporate Services

I am pleased to present the fourth Annual Financial Report for the Town of Rocky Mountain House. The 2022 Annual Report is intended to provide an informative and easyto-read update on the activities and financial status of the Town of Rocky Mountain House. By expanding on the audited financial statements, a reader will develop a broad understanding of Town activities and initiatives and how all of this relates to the financial statements.

All municipalities in Alberta are required under section 276 of the Municipal Government Act (MGA) to undergo an audit and prepare audited statements in accordance with the Public Sector Accounting Board (PSAB) of the Chartered Professional Accountants of Canada principles and standards. This ensures that the financial activities are reported consistently, and that reliance can be placed on the information presented.

It is management’s responsibility to prepare financial statements that fairly represent the activities of the Town. This includes the financial information as well as disclosures in the financial statements. This financial information provides valuable insight to the users, both internally and externally, into how the Town undertakes to provide services and how successful it is in achieving its objectives.

Normal operations were resumed in 2022 as worldwide COVID issues became less onerous. This enabled all departments, in particular recreation to offer full services to our residents. Financial results were closely aligned with budget and the year ended with a surplus.

With direction from Council through the strategic plan the Town continues to work towards providing high quality, fiscally responsible and environmentally sustainable services that work towards their vision of cultivating a robust, diverse community where its people and businesses thrive.

Betty Quinlan, B.Comm, CPA, CMA Director, Corporate Services