Financial Statements

Audited Financial Statements

In accordance to section 185 of The Municipalities Act, on or before June 15 of each year, a municipality shall prepare financial statements of the municipality for the preceding financial year in accordance with the generality accepted accounting principles for municipal governments recommended from time to time by the Canadian Institute of Chartered Accountants.

The financial statements of the municipality must include the limit of the municipality and the amount of debt of the municipality.

A Municipality shall publicize its financial statements, or a summary of them and the auditors report of the financial statements, in the manner the council considers appropriate by September 1 of the year following the financial year for which the financial statements and report have been prepared.