during the subsequent period. We randomly selected 20% of the entries (a minimum of 5), agreed them to the supporting documentation and verified the amount was included in the summary of the entries. We agreed the summary of the entries to Column B.1 of Schedule 19 “Consolidated Statement of Financial Position”, and Schedule 20 “Revenues and Expenses”, as applicable. (List selected items here; if not applicable, state so.) We obtained a summary of Column B.2 accrual adjustments on Schedules 19 and 20, if any, for adjustments over $700,000 related to the period prior to March 31, 2017. We randomly selected 20% of the entries (a minimum of 5), agreed them to the supporting documentation and verified the amount included in the summary of the entries related to the period prior to March 31, 2017. We agreed the summary of the entries to Column B.2 of Schedule 19 “Consolidated Statement of Financial Position”, and Schedule 20 “Revenues and Expenses”, as applicable. (List selected items here; if not applicable, state so.) With respect to Column B.3 adjustments made to accrue the Ontario Financing Authority (OFA) loan interest, we recalculated the accrued amount and agreed to the adjustment on column B.3 of Schedule 19 and 20. (If not applicable, so; note the $700,000 threshold does not apply to this procedure.) We obtained supporting documentation for any Column C.1 adjustments made to reclassify Ministry Revenue between the various categories on Schedule 20 “Revenue”. We agreed 2 entries to the supporting documentation. (List selected items here; if not applicable, state so.) With respect to the revenue recorded for municipal over $700,000, we performed the following: With respect to the tax revenue for the period from September 1, 2016 to December 31, 2016: We agreed the 2016 municipal tax revenue to the most current supporting documentation (for a maximum of two municipalities) and recalculated the revenue for the period by subtracting the amount included in revenue in the August 31, 2016 audited financial statements (being 62% of the 2016 tax revenue as included in Schedule 11B of EFIS for the year ended
August 31, 2016) from the total 2016 tax revenues (based on most current information). (If tax revenue is from more than two municipalities, list selected items here.) With respect to the tax revenue for the period from January 1, 2017 to 31, 2017: We recalculated the estimated 2017 municipal tax revenue for the period using 25% of the estimated 2017 tax revenue based on most current information. We agreed estimated 2017 tax revenue to supporting documentation. If current information regarding estimated 2017 tax revenue is unavailable, then the 2017 tax revenue for the period was estimated using 2017 tax revenue as included in Schedule 11A of the Revised Estimates for the year ending August 31, 2017. (If tax revenue is from more than two municipalities, list selected items here.) We agreed the 2016 supplementary and write offs (for a maximum of two municipalities) to supporting documentation and recalculated the revenue for the period by subtracting the amount included in line 3.4 in Schedule 9 of the 2015-16 financial statements. (If tax revenue is from more than two municipalities, list selected items here.) If an amount greater than $700,000 was reported on line 3.4, Column C.2 of Schedule 20 “Revenue”, we asked management for the supporting listing that totaled the amount on line 3.4. We calculated the difference between the 2017 supplementary taxes and write-offs based on most current information and 2016 supplementary taxes and write-offs and agreed to the amounts on the listing (for a maximum of two municipalities). (If tax revenue is from more than two municipalities, list selected items here.) We agreed the of 8a), 8b), 8c) and 8d), above to Local Taxation (line 3.5) in Column E on Schedule 20 “Revenue” after the adjustment, if any, in Column C.2. We agreed the adjustment amount to Schedule 19, “Consolidated Statement of Financial Position” Column C.2, line 1.4 or line 2.3.