TAMRMS#: B06
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2016 Annual Report
Presented by: Kevin Scoble
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RECOMMENDATION(S)
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1. That the report entitled “2016 Annual Report, City of St. Albert, for the year ending December 31, 2016”, provided as an attachment to the June 12, 2017 agenda report entitled “2016 Annual Report”, be approved.
2. That Administration be authorized to submit the 2016 Annual Report to the Government Finance Officers Association for consideration under their Canadian Award for Financial Reporting Program.
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PURPOSE OF REPORT
The Annual Report includes 2016 operational highlights, progress achieved towards implementing the City of St. Albert Strategic Plan, statistical information and discussion of the financial statements, as well as the approved audited consolidated financial statements.
COUNCIL DIRECTION
On April 18, 2017, Council passed the following motions:
(AR-17-059)
1. That the City of St. Albert Consolidated Financial Statements December 31, 2016, provided as an attachment to the April 18, 2017 agenda report titled “2016 Audited Consolidated Financial Statements”, be approved.
2. That Administration bring to Council by June 12, 2017, the 2016 Annual Report that includes the City of St. Albert Consolidated Financial Statements December 31, 2016, as approved by Council on April 18, 2017.
BACKGROUND AND DISCUSSION
Each municipality must submit to the Minister of Municipal Affairs audited financial statements for the previous year by May 1 (Municipal Government Act, Section 276). Council reviewed the 2016 audited financial statements on April 18, 2017. This enabled Administration to submit the audited financial statements to the Province as part of the MGA requirement by May 1, 2017. Council approval of the financial statements and the auditor’s report must also be made public by May 1 of each year.
The Annual Report is an important element of the City’s transparency and communication efforts, providing residents and stakeholders with ...
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