2025 CONSOLIDATED FINANCIAL STATEMENTS

KPMG LLP (KPMG) has been appointed by City Council to independently audit the City’s consolidated financial statements. They have expressed an opinion, that the City’s consolidated financial statements present fairly, in all material respects, the consolidated financial position of the City as at December 31, 2025, and its consolidated results of operation, its consolidated changes in net financial assets and its consolidated cash flows for the year then ended in accordance with Canadian public sector accounting standards. The complete Audit Findings Report is included as Attachment 1.

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