Regional Finances

Audited Financial Statements

Regional staff are responsible for the preparation and fair presentation of the region’s financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as is determined is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, regional staff is responsible for assessing the Region’s ability to continue as a going concern, disclosing, as applicable matters relating to going concern and using the going concern basis of accounting.

The Regional Council Executive are responsible for overseeing the Region’s reporting process. Part of this overseeing is the hiring of an outside firm to conduct the auditing of the financial statment. The auditors’ objectives are to obtain reasonable  assurance about whether the financial statements as a whole are free from material misstatement and to issue an auditor’s report that includes their opinion. Please see Shining Waters Regional Council’s audited financial statements below. These will be added to over time as reports become available.

SWRC 2019 audited financial statement [ PDF – 16 pages ]

SWRC 2020 audited financial statement [ PDF – 18 pages ]

SWRC 2021 audited financial statement [ PDF – 19 pages ]

SWRC 2022 audited financial statement – pending

Current Statements (Unaudited)

SWRC Year End financial statement DRAFT – as of December 31, 2022 [ PDF – 2 pages]

SWRC Financial Statement DRAFT – as of March 31, 2022 [ PDF – 2 pages]

The current statements are reviewed by the Executive. For more information please see the Executive minutes located on our Governance page.

Committee Members

All applications for Mission and Support grants, regional grants and General Council grants that require regional approval are reviewed by the Grants and Mission Support Committee. The committee will review the applications and make recommendations to the Executive. The committee ensures that there are sufficient funds available before making a recommendation and determine where the application should be directed. Please see the Grants and Mission Support Committee Policy for more information.

The Executive review the recommendations from the Grants and Mission Support Committee. All decisions can be found in the Executive Minutes located on our Governance page.

Finance Committee

• Bruce Chappell
• Beth Herrema
• Allan Holdich
• Wendy Jarvis
• Paul Kim
• Janet MacDonald (Financial Administrator for SWRC)

Staff Support: Jody Maltby Shining Waters Regional Council Regional Staff Lead and Communities of Faith Minister

Policies

Budget Process [PDF – 3 pages] This policy outlines the budget process to be followed by the Executive Minister.
Finance Committee Policy  [PDF – 1 page] This policy outlines the mandate, purpose, authority, membership and responsibilities of the Finance Committee. and the relationship with the Executive.
Grants and Mission Support Committee Policy  [PDF – 2 pages] This policy outlines the purpose, accountability, authority, membership and responsibilities of the Grants and Mission Support Committee and the relationship with the executive.