Effective Friday, September 17, a province-wide mandatory masking order will be implemented for all indoor public spaces.
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A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:
Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.
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A number of resources are available to municipalities to assist them in preparing their financial statements, and in understanding the audit process:
A council may require the approval of the Saskatchewan Municipal Board (SMB) to incur long term debt, which is any debt not payable within the current year, depending upon how the money is being borrowed, the term of the debt, and the municipality's current financial situation.
SMB approval is required to authorize any municipal borrowing where the borrowing:
The debt limit for a rural municipality, town, village or resort village can be determined in one of two ways. The Municipalities Act provides the municipality with the option to calculate their debt limit by using prior year own source revenues as the basis, or a municipality can now apply to the SMB to have their debt limit established. For purposes of reviewing borrowing applications, the SMB considers own source revenue to include those revenues which can be considered both controllable by the municipality and sustainable for long periods of time.
The debt limit for all cities is established by the SMB and no approval is required for borrowings within the debt limit. If a city wishes to exceed their debt limit, approval by the SMB is required.
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 Cities Act and The Municipalities Act require each municipality to submit a copy of its annual audited financial statement and auditors report to Government Relations. Municipalities other than cities are required to submit this information by July 1, while the deadline for cities is September 1.
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. In addition to the PSAB standards, we require additional data to be submitted.
This financial statement template has been developed in consultation with auditors, administrators and government. The financial information in these reports detail municipal assets, liabilities, revenues and expenditures, and is to be made available to the public.
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