2015 financial report

Municipal organizations prepare their financial report (FR) based on generally accepted accounting principles (GAAP) as established by the Public Sector Accounting Board (CCSP) of the Canadian Institute of Chartered Accountants (CICA). Among other things, they must include RF data from organizations that are part of their accounting scope in order to produce an overall account of their activities and financial resources. These organizations must have their RF adopted by their council and sent to the Ministry of Municipal Affairs and Land Occupancy, on the form provided for this purpose. Some local municipalities are called “central municipalities.” These municipalities are those whose territory was reduced in favor of municipalities reconstituted following the municipal reorganization on 1 January 2006. A central municipality and the reconstituted municipalities that surround it are the linked municipalities that form an agglomeration. Central municipalities must report on the activities of the agglomeration. Their RF is composed of three parts: local competences concerning activities specific to the municipality, those of agglomeration refer to the activities of the agglomeration and the global portrait brings together the two parties.