1 / 10

Finance 101

City of Kamloops. Thompson-Nicola Regional District. tnrd.ca. kamloops.ca. Finance 101. Annual Reports. LEGISLATIVE REQUIREMENTS. Community Charter Division 5 – Reporting Section 98 – Annual Municipal Report. City of Kamloops. Thompson-Nicola Regional District. kamloops.ca. tnrd.ca.

imani-goodman
Download Presentation

Finance 101

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. City of Kamloops Thompson-Nicola Regional District tnrd.ca kamloops.ca Finance 101 Annual Reports

  2. LEGISLATIVE REQUIREMENTS Community Charter Division 5 – Reporting Section 98 – Annual Municipal Report City of Kamloops Thompson-Nicola Regional District kamloops.ca tnrd.ca

  3. Annual Municipal Report • CC section 98: • (1) Before June 30 in each year, a council must • prepare an annual report, • make the report available for public inspection upon request, and • Present the report for public inspection at an annual public meeting of Council.

  4. Annual Municipal Report • CC section 98: • (2) The annual report must include the following: • audited annual financial statements for the previous year, • for each tax exemption provided by a council, the amount of property taxes that would have been imposed on the property in the previous year if it were not exempt for that year; • a report respecting municipal services and operations for the previous year; • a progress report respecting the previous year in relation to the objectives and measures established for that year;

  5. Annual Municipal Report cont’d • any declarations of disqualification made under section 111 [application to court for declaration of disqualification] in the previous year, including identification of the council member or former council member involved and the nature of the disqualification; • a statement of municipal objectives, and the measures that will be used to determine progress respecting those objectives, for the current and next year; • any other information the council considers advisable.

  6. Annual Meeting • CC section 99: • (1) The council must annually consider, at a council meeting or other public meeting, • the annual report prepared under section 98, and • submissions and questions from the public. • (2) The annual meeting must occur at least 14 days after the annual report is made available for public inspection under section 97. • (3) The council must give notice of the date, time and place of the annual meeting in accordance with section 94 [public notice].

  7. Timing Requirements • Last date available for AGM June 29 • Less 14 days • Annual Report deadline June 14

  8. Financial Information Disclosures Financial Information Act of BC: • Schedule of Debts • Schedule of Remuneration: Elected Officials, which includes both remunerations and expenses • Schedule of Remuneration: Employees, also includes both remunerations and expenses – individually for any >$75,000 and collectively for the remainder • Schedule of Goods and Services – suppliers paid >$25,000 individually and the rest collectively • Schedule of Guarantee and Indemnity Agreements

  9. Financial Information Disclosures Financial Information Act of BC: • Statement of Severance Agreements • Schedule of Remuneration: Committee Members

  10. City of Kamloops Thompson-Nicola Regional District tnrd.ca kamloops.ca Questions?

More Related