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City looking to identify hazards in old municipal buildings

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.

Opinion: Canadians deserve access to more transparent city budgets

Most cities present few, if any, budget projections as clearly as they present the results of their financial statements

Ontario s Public Sector Accounting Board proposing new standards for DB pensions

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 […]

$4 9M in unspent funds transferred to reserves

Article content 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. We apologize, but this video has failed to load. Try refreshing your browser. $4.9M in unspent funds transferred to reserves Back to video

Saskatoon city hall ranks near bottom in financial transparency study

Article content 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. We apologize, but this video has failed to load. Try refreshing your browser. City of Saskatoon ranks near bottom in financial transparency study Back to video 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.

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