The City of St. Albert is looking to hire a consultant to complete hazard assessments of all municipal buildings built prior to 1995, in order to comply with a new accounting standard.
Five years after Ontario’s auditor general uncovered an issue with the way the province was including pension assets in its financial statements, the office is proposing changes related to accounting in Ontario’s defined benefit pension plans. The auditor general’s 2016 annual report revealed a deficit of $5 billion, while the province’s government set the deficit […]
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City council took care of some “year-end housekeeping” during the June 15 meeting, transferring $4,921,775 to various reserve accounts.
“Since the province implemented the PSAB (Public Sector Accounting Board) accounting principles for municipalities, municipalities have not been able to just set up a payable for capital work that hasn’t been completed at year end that they could just book it to thereafter,” said Chief Administrative Officer Dave Landers, who was pinch-hitting for Natalie Moore, the city’s director of Finance and treasurer.
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For the second straight year, Saskatoon’s city hall has received a poor grade for the transparency of its budgets and financial information.
The city again received a D- in the annual ranking of 31 Canadian municipalities by the C.D. Howe Institute, a Toronto-based think tank.
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Only two municipal governments of the 31 received a lower mark for 2020 than Saskatoon: Edmonton and London, Ont., both of which got an F.
Regina got a D and Calgary and Winnipeg got B grades.