Municipal financial statement information provides audited information in a manner that is compliant with the rules set out by the Public Sector Accounting Board (PSAB). The financial statement reflects how well the municipality carried out its financial plan and covers the calendar year.
The Municipalities Act requires each municipality to submit a copy of its annual audited financial statement and auditors report to Government Relations. The financial statements are to be audited by a professional auditor. This is a person in good standing of a recognized accounting profession under The Accounting Profession Act, 2014.
Municipal financial statements must be prepared in accordance with PSAB standards. These are generally accepted accounting principles for public sector bodies, as recommended by the Chartered Professional Accountants of Canada.
If you are interested in reviewing older financial statements, or if you have any questions about the audited financial statement, please e-mail your request to townoffice@whitecity.ca.