Milestones 2014 2013 - Page 19

Municipal District of Lesser Slave River #124 Notes to Financial Statements | Year Ended December 31, 2012 1. SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Municipal District of Lesser Slave River #124, hereinafter the ‘Municipal District’, are the representa- tions of management prepared in accordance with generally accepted accounting principles for local governments established by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. Significant aspects of the accounting policies adopted by the Municipal District are as follows: Reporting Entity The financial statements reflect the assets, liabilities, revenues and expenditures, change in net financial assets and cash flows of the reporting entity. This entity is comprised of all of the organizations that are owned or controlled by the Municipality and are therefore ac- countable to the Council for the administration of their finan 6ff'0B&W6W&6W2vFFRfvrW6WF2Gv&v旦F2F@'FVfF6VB&R6VFVB&RFR&rR6VG'FW&6@FR6fRR&VvƖ'&'&&BFWfR&VVW6VFVBGVPFFW&ƗG2FRV6F7G&7N( 2vW'62֖"BFV 76WB&6R2֖FR66VGVRbFW2WfVB66VFW2&WV6F2f"VGV6FVF66BFW"WFW&&v旦F2FB&RB'BbFPV6&W'FrVFG&62b66VFpFRf67FFVVG2&R&W&VBW6rFR67'V&62`66VFrFR67'V&62b66VFr&V6&G2&WfVVR2B0V&VBBV7W&V&RWV6W2&R&V6v旦VB2FW&RЦ7W'&VBBV7W&V&R&6VBW&V6VBbvG2"6W'f6W2B"FRVv&ƖvFFgVG2g&WFW&'FW2BV&w2FW&V&W7G&7FVB'w&VRЦVB"Vv6F&R66VFVBf"2FVfW'&VB&WfVVRVFW6V@f"FRW'6R7V6fVBvfW&VBG&6fW'26G&'WF2BFW"VG2&R&V6VfV@g&F&B'FW2W'7VBFVv6F&VwVF"w&VVVB@ǒ&RW6VBf"6W'F&w&2FR6WFb7V6f0v&"f"FRW&66RbFv&R6F76WG2FFF6W'FW6W"6&vW2BfVW2&R6V7FVBf"v6FR&VFVB6W'f6W0fRWBF&RW&f&VB&WfVVR2&V6v旦VBFRW&BvVFR&VFVBWV6W2&RЦ7W'&VB6W'f6W2W&f&VB"FRFv&R6F76WG2&R7V&VBW6RbW7FFW0FR&W&Fbf67FFVVG26f&֗GvF6FvVW&ǒ66WFVB66VFr&6W2&WV&W2vVVBFRW7FFW2B77VF2FBffV7BFR&W'FVBVB`76WG2BƖ&ƗFW2BF667W&Rb6FvVB76WG2BƖ&ƗFW0BFRFFRbFRf67FFVVG2BFR&W'FVBVG0b&WfVVRBWVFGW&RGW&rFRW&BvW&RV7W&VV@V6W'FGW7G2FRf67FFVVG2fR&VV&W&VBvF&V6&RƖ֗G2bFW&ƗG7GV&W7VG26VBFffW"g&ЧF6RW7FFW2खfW7FVG0fW7FVG2&R&V6&FVBB'FVB67BfW7FVB&V֗V0BF66VG2&R'FVBFRWB&W6VBfVR&62fW"FPFW&bFR&W7V7FfRfW7FVG2vVFW&R2&VV72fVRFB2FW"FFV&'FV6ƖRFR&W7V7FfRfW7BЦVB2w&GFVFvF&V6v旦RFR72खfVF&W0BVBf"&W6Rv62&VV7V&VBF&Vv&f62`FRF&V6fW'2&V6&FVBB֖fVRbCf676WG0f676WG2&RBf&RFF66&vRW7FrƖ&ƗFW0B&RVBf"W6RFR&f6b6W'f6W2FWfRW6VgVƗfW0WFVFr&WBFR7W'&VBV"B&RBFVFVBf"6RFR&6W'6RbW&F2FR6vRf676WG0GW&rFRV"FvWFW"vFFRW6W72b&WfVVW2fW"WV6W2&fFW2FR6vRWBf676WG2f"FRV"঒Fv&R6F76WG0Fv&R6F76WG2&R&V6&FVBB67Bv66VFW2VG2FB&RF&V7FǒGG&'WF&RF7V6F67G'V2ЧFFWfVVB"&WGFW&VBb76WBFR67BW70&W6GVfVRbFRFv&R6F76WG22'FVB7G&vBƖR&62fW"FRW7FFVBW6VgVƖfRbFR76WB0fw3V'0B&fVVG2R#P'VFw2Bf6ƗFW2#RSVvVW&VB7G'V7GW&W0&Gv77FV2RcvFW"77FV2#RsPv7FWvFW"77FV2#RsP6W'BWVVBR#PfV6W2R#PWGv&rB6V6F77FV2RRֆbbFRV'FF26&vVBFRV"b2ЧV6FBFRV"bF7676WG2VFW"67G'V7F&RB'FVBVFFR76WB2f&Rf"&GV7FfRW6Rখ6G&'WF2bFv&R6F76WG0Fv&R6F76WG2&V6VfVB26G&'WF2&R&V6&FVB@f"fVRBFRFFRb&V6VBB6&R&V6&FVB2&WfVVRখV6W0V6W2&R676fVB26F"W&FrV6W2V6W2v6G&6fW"7V'7FFǒbFR&VVfG2B&626FVFFvW'6b&W'G&R66VFVBf"26FV6W2FW"V6W2&R66VFVBf"2W&FrV6W2BFR&VBЦVBV6RVG2&R6&vVBFWV6W227W'&VBগbfVF&W0fVF&W2VBf"67VF&R&V6&FVBBFRvW"`67BB&W6VVB67B&WV6FfW"WgBVFW"WgfW"WfW2BVFW"WfW2&6Rg&FRFffW&V6R&WGvVVFP7GV&W'GFWgFRF6fW"V6&WV6FBFR7GVVB&WV6FVBखbFR7GVWgW6VVG2FR&WV6FFRfW"Wg267'VVB2Ɩ&ƗGB&W'GF&WfVVR2&VGV6VBvW&RFR7GVWg0W72FFR&WV6FVBFRVFW"Wg067'VVB2&V6Vf&RB2&W'GF&WfVVR&WV6FF&FW2FR7V'6WVVBV"&RFW7FVBf"琦fW"WfW2"VFW"WfW2bFR&"V"&WB6&fVVG26&vW067G'V7FB&'&vr67G2766FVBvF6&fVV@&V7G2&R&V6fW&VBF&VvV7V676W76VG2GW&pFRW&BbFR&VFVB&'&vw2FW6RWfW2&R6V7F&Rg&Ч&W'GvW'2f"v&W&f&VB'FRV6ƗGvW&RFW"2VV7FVBF&WFRWG7FFr6Ч&fVVB6&vW27V6VG2&R&V6&FVB2FVfW'&VB&WfVVRFVfW'&VB&WfVVR2'FVBF&WfVVR7G&vBƖR&62fW FR&VrFW&bFR&VFVB&'&vw2खFRWfVBFBFR&WBVG2&RƖVBv7BFR&VFV@&'&vw2FRFVfW'&VB&WfVVR2'FVBF&WfVVR'VBWVFFRFV'B&WVBFf67W&RB7B67W&RƖ&ƗGW'7VBFFR&W'FVf&VF&FV7FBV6VV@7BFRV6F7G&7B2&WV&VBFgVBFR67W&RbG2Ff6FRB&fFRf"7B67W&R6&RbFRf6ƗG67W&RB7B67W&R7FfFW26VFRFRf66fW"BЧ66r2vV27W&f6RBw&VBvFW"F&rV6FP6G&Bf7V7V7FFR&WV&VVB2&Vr&fFVBf fW"FRW7FFVB&VrƖfR bFRFf6FR&6VBW6vRvfW&VBG&6fW'0vfW&VBG&6fW'2&RFRG&6fW"b76WG2g&6V"WfV2`vfW&VBB&RBFR&W7VBbW6vRG&67F&R@WV7FVBF&R&WBFRgWGW&R"FR&W7VBbF&V7@f6&WGW&vfW&VBG&6fW'2&R&V6v旦VBFRf67FFVVG20&WfVVRFRW&Bv6WfVG2vfr&6RFFRG&6fW"67W"&fFrFRG&6fW'2&RWF&VBVƖv&ƗG7&FW&fR&VVWBB&V6&RW7FFW2bFRVG26&RFWFW&֖VB"44BB$䰤66BB&氣#"#B#cb#3"BR#RB#cb#3"BR#R6VFVB66BFV&'fW7FVG22&W7G&7FVBV@bBBs"c3#BcS3&V6VfVBg&f&W2&W'FvfW&VBw&B&w&2B&RVBW6W6fVǒf"VƖgr 7V6f2&V7G2FRR2DU2Bu$E2ĔURbDU2$T4Td$U0#"#7W'&VBFW2Bw&G2ƖWRbFW2B##R3RB3#0'&V'2FW2sr#RSc#@3"3CÃ3p3"#2bSSB#s3rBsB#`W72v6Rf"FV'FgV66VG0BdU5DTE0# #67B&W@fVR67B&W@fVP&W'FV6f66'6&W2BSBSBSBSD26&W2FfFVG2233233Х&f6RbF&6W&G2srÓC#"3RsrÓCsR0$$2F֖6V7W&FW066&6RBBB@C#b#RS#sRsR#SpU"4U$4Rd"4Uu2dUu2B5U%$TBUdTE0