Government / Finance

Finance

The Finance Department provides services to members of the public and other departments within the Village. The Finance Department is responsible for all financial record keeping, reporting and safe keeping of all municipal assets and investments in accordance with the provisions of Local Government act. As well, the department manages all Operating, Capital and Reserve Funds. The Finance Department prepares the Annual Budget & Five-Year Financial Plan along with the Annual Financial Statement and Statement of Financial Information.

Annual Reports

Annual reports provide the public with audited financial statements from the previous year as well as a list of permissive tax exemptions. The document must also include an overview of municipal services and operations and report on progress on the main priorities of the Village over the past year, and outline the priorities for the coming year.

Statement of Financial Information (SOFI)

The Statement of Financial Information is a Public Accounts report prepared in compliance with the Financial Information Act, Statutes of British Columbia (Canada), Chapter 140. The SOFI consists of the audited financial statements, schedule showing remuneration and expenses paid to or on behalf of employees, schedule of payments to suppliers, schedule of guarantee and indemnity agreements and a management letter.

Financial Statements

Each year, the Village publishes an audited set of financial statements detailing important financial information about the Village. The statements have been prepared in compliance with Section 167 of the Community Charter, and in accordance with generally accepted accounting principles approved by the Public Sector Accounting Board (PSAB).

Financial Plan

The Financial Plan provides a budgetary framework for Pouce Coupe to plan and manage its resources, revenues and expenditures in order to best serve the community.

Each year, council reviews the priorities and goals for the upcoming year and directs staff to prepare a comprehensive Five-Year Financial Plan, as required by the Community Charter.

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