Richmond Hill Receives Clean Audit 

RICHMOND HILL – Richmond Hill’s clean audit of its 2018 financial statements reflect the City’s good financial position and fiscal responsibility.

Grant Thornton LLP, Richmond Hill’s auditor, issued an “unqualified audit opinion” on the City of Richmond Hill’s 2018 consolidated financial statements at the July 3 meeting of the Audit Committee. This means the City’s financial statements fairly represent the financial position of the organization in accordance with generally accepted accounting principles.

The annual external audit of financial processes and results is a legislative requirement.

Richmond Hill’s audited financial statements are online at RichmondHill.ca/FinancialStatement. 

Quotes

• “Richmond Hill Council and staff work together to manage the city’s finances and it’s gratifying to receive external confirmation of that work through this audit.”

            ~ Dave Barrow, Mayor and Chair, Audit Committee

• “I’m pleased that our 2018 financial statements have received a clean bill of health following our annual audit. It affirms the trust our residents place in us to manage every tax dollar effectively.”

            ~ Joe DiPaola, Deputy Mayor and Chair, Budget Committee

Quick Facts

• An external audit is an objective examination of the records and financial statements of an organization, for the purpose of expressing an opinion as to whether the financial statements fairly present the financial position of the organization.  
• Richmond Hill’s external audit includes all the funds for the City of Richmond Hill, the Village of Richmond Hill Business Improvement Area and the Richmond Hill Public Library Board.

For more information, please contact:
David Dexter, Director, Financial Services and Treasurer, at david.dexter@richmondhill.ca or 905-771-2484.