REQUEST FOR DECISION
DATE: June 7, 2016 Report No. FIN-16-009
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2015 Statement of Financial Information
End
RECOMMENDATION:
Recommendation
That Council approve the Township's 2015 Statement of Financial Information attached to Staff Report FIN-16-009.
Body
RELEVANT POLICY:
Financial Information Act, Financial Information Regulation
STRATEGIC RELEVANCE:
This request for decision does not relate directly to any specific strategic priority.
BACKGROUND:
Under the provisions of the Regulation, the Township is required to prepare a Statement of Financial Information (SOFI) within six months of its fiscal year end. This Statement must be made available to any individual who makes a request to examine the document.
ISSUES:
1. Rationale for Selected Option
The Regulation specifies the form and content of the Statement and requires that the SOFI be approved by both Council and the officer assigned responsibility for financial administration under local government legislation. Each year, the Township is required to submit the approved SOFI and the approved Audited Financial Statements to the Provincial Government in advance of the July 4 deadline.
2. Organizational Implications
There are no organizational implications of this decision.
3. Financial Implications
There are no financial implications of this decision.
4. Sustainability & Environmental Implications
There are no environmental or sustainability implications of this decision.
5. Communication & Engagement
The draft version of the 2015 Statement of Financial Information was made available for viewing by the public starting on May 10, 2016. Once approved, the entire package, including the approved 2015 Audited Financial Statements, will be available at the Municipal Hall. Additionally, the 2015 Statement of Financial Information will be added to the Township's website ...
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