Statutory Deadlines for Municipal Submissions to the Ministry
Circular No. 11:03
ARCS File#: 195-20
To: All Municipal Financial Administrators
February 9, 2011
Re: Statutory Deadlines for Municipal Submissions to the Ministry
In preparation for the upcoming busy season and to assist you in clarifying the elements and timelines of the statutory requirements, we have prepared the attached checklist. Please post the list and share it with others in your municipality that may be responsible for different aspects of the statutory requirements.
As you are probably aware, new Canadian Auditing
Standards (CAS) have come out that will impact the 2010 audit of local
governments. In particular, changes to CAS 700,
Forming an Opinion and Reporting
on Financial Statements, include significant changes to the date of
the audit report. The new standard requires that the date
of the auditor’s report be no earlier than the date of approval of the
financial statements, in final form, by the council of the local
government. This is a significant departure from the
historical “date of substantial completion” and will require planning
and communication with councils to ensure that the audit completion and
the council meeting are sufficiently close together.
Furthermore, as you are required to submit audited financial statements
to the Ministry of Community, Sport and Cultural Development by May 16,
2011, you will also need to ensure the council meeting to approve the
financial statements occurs prior to this deadline.
At this time we are in the process of updating our on-line reporting system (LGIS) for the upcoming reporting year. We anticipate that the system will be ready for entry of the 2011 LGDE Tax and 2010 LGDE forms in mid to late March, at which time we will send out a circular to notify you.
If you have any questions or need any further information please contact Brittany Johnson at
call 250 387-8741.
Original signed by:
Talitha Soldera, CGA
Director, Local Government Finance