Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management ....

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Municipal Government Sustainability Self-Assessment Tool Saskatchewan Ministry of Government Relations www.municipal.gov.sk.ca These resources may help you improve your sustainability score for Finance and Financial Management. See the links below for informaon about acvies and resources related to municipal finance and financial management. Assessment and Taxation Assessment and Taxaon This link provides informaon about various topics related to property assessment and taxaon. hp://www.municipal.gov.sk.ca/Administraon/Assessment-Taxaon Property Assessment and Taxaon - Frequently Asked Quesons This link provides answers to frequently asked quesons related to property assessment and taxaon. hp://www.municipal.gov.sk.ca/FAQs-Property-Assessment-Taxaon Rural Residenal Dwelling Exempons Bullen #33 This links provides a bullen about the rural residenal dwelling exempon. hp://www.municipal.gov.sk.ca/Assessment/Rural-Residental-Dwelling-Exempons Supplementary Assessments Fact Sheet 8.0 This links provides a fact sheet about how municipalies deal with supplementary assessment. hp://www.municipal.gov.sk.ca/Assessment/Supplementary-AssessmentFS8.0 Tax Cerficates: Fact Sheet 5 This links provides a fact sheet about issuing tax cerficates. hp://www.municipal.gov.sk.ca/Assessment/Tax-Cerficates-FactSheet5 Tax Enforcement Manual This link provides a manual about the tax enforcement procedures, including required forms and resource links. hp://www.municipal.gov.sk.ca/Administraon/Assessment/Tax-Enforcement Educaon Property Tax System This link provides information on about the educaon property tax (EPT) system. hp://www.municipal.gov.sk.ca/Administration/Education-Tax-System Tax Enforcement – Farm Debt: Informaon Bullen #19 This link provides an informaon bullen about tax enforcement under the Farm Debt Mediaon Act. hp://www.municipal.gov.sk.ca/Assessment/Tax-enforcement-Farm-Debt T he Assessment System in Saskatchewan This link provides a guide to municipal property tax tools. hp://www.municipal.gov.sk.ca/Administration/Guides/AssessmentSystem-PDF Finance and Financial Management Finance and Financial Management Good financial management is one of the cornerstones of the success and connuity of any municipality. It ensures financial resources are properly managed and funds are spent in accordance with the stated priories and mission of the municipality. This category of sustainability reflects on whether the municipality is following principles of fiscal responsibility, performing ongoing monitoring of its financial health and risks, and following best pracces in accounng, budgeng, and the preparaon and presentaon of financial statements. According to the municipal Acts, municipalies are to provide wise stewardship of public assets.

Transcript of Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management ....

Page 1: Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management . This link provides information to assist municipal stakeholders improve their knowledge

Municipal Government Sustainability Self-Assessment Tool

Saskatchewan Ministry of Government Relations www.municipal.gov.sk.ca

These resources may help you improve your sustainability score for Finance and Financial Management. See the links below for information about activities and resources related to municipal finance and financial management.

Assessment and TaxationAssessment and TaxationThis link provides information about various topics related to property assessment and taxation. http://www.municipal.gov.sk.ca/Administration/Assessment-Taxation

Property Assessment and Taxation - Frequently Asked QuestionsThis link provides answers to frequently asked questions related to property assessment and taxation.http://www.municipal.gov.sk.ca/FAQs-Property-Assessment-Taxation

Rural Residential Dwelling Exemptions Bulletin #33 This links provides a bulletin about the rural residential dwelling exemption.http://www.municipal.gov.sk.ca/Assessment/Rural-Residental-Dwelling-Exemptions

Supplementary Assessments Fact Sheet 8.0 This links provides a fact sheet about how municipalities deal with supplementary assessment.http://www.municipal.gov.sk.ca/Assessment/Supplementary-AssessmentFS8.0

Tax Certificates: Fact Sheet 5 This links provides a fact sheet about issuing tax certificates.http://www.municipal.gov.sk.ca/Assessment/Tax-Certificates-FactSheet5

Tax Enforcement Manual This link provides a manual about the tax enforcement procedures, including required forms and resource links. http://www.municipal.gov.sk.ca/Administration/Assessment/Tax-Enforcement

Education Property Tax System This link provides information on about the education property tax (EPT) system.http://www.municipal.gov.sk.ca/Administration/Education-Tax-System

Tax Enforcement – Farm Debt: Information Bulletin #19 This link provides an information bulletin about tax enforcement under the Farm Debt Mediation Act.http://www.municipal.gov.sk.ca/Assessment/Tax-enforcement-Farm-Debt

The Assessment System in Saskatchewan This link provides a guide to municipal property tax tools.http://www.municipal.gov.sk.ca/Administration/Guides/AssessmentSystem-PDF

Finance and Financial Management

Finance and Financial Management Good financial management is one of the cornerstones of the success and continuity of any municipality. It ensures financial resources are properly managed and funds are spent in accordance with the stated priorities and mission of the municipality. This category of sustainability reflects on whether the municipality is following principles of fiscal responsibility, performing ongoing monitoring of its financial health and risks, and following best practices in accounting, budgeting, and the preparation and presentation of financial statements. According to the municipal Acts, municipalities are to provide wise stewardship of public assets.

Page 2: Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management . This link provides information to assist municipal stakeholders improve their knowledge

Municipal Government Sustainability Self-Assessment Tool

Saskatchewan Ministry of Government Relations www.municipal.gov.sk.ca

Finance and Financial Management

Finance and Financial Management Good financial management is one of the cornerstones of the success and continuity of any municipality. It ensures financial resources are properly managed and funds are spent in accordance with the stated priorities and mission of the municipality. This category of sustainability reflects on whether the municipality is following principles of fiscal responsibility, performing ongoing monitoring of its financial health and risks, and following best practices in accounting, budgeting, and the preparation and presentation of financial statements. According to the municipal Acts, municipalities are to provide wise stewardship of public assets.

Assessment and Taxation - cont. A Guide to Municipal Property Tax Tools This link provides a manual to guide elected officials and administrators in their efforts to provide sound tax policy for their communities.http://www.municipal.gov.sk.ca/Assessment/Tax-Tools-Guide

Assessment Appeals Manual This link provides a manual about property assessment appeals.http://www.municipal.gov.sk.ca/Assessment/Revaluation/Assessment-Appeals-Manual

Mill Rate Survey Return Instructions This link provides instructions about how to complete the annual mill rate survey return.http://www.municipal.gov.sk.ca/Administration/Mill-Rate-Survey-Return

Mill Rate Survey ResultsThis link provides the results of the last annual mill rate survey. http://www.municipal.gov.sk.ca/Administration/Taxation-Assessment/Mill-Rate-Survey

Financial ReportingBudget PreparationThis link provides information about a municipality’s requirement to prepare and adopt a budget on an annual basis. http://www.municipal.gov.sk.ca/Administration/Budget-Preparation

Developing a Five Year Capital Works PlanThis link provides information and a sample form that can be used by municipalities in completing a five year capital works plan. http://www.municipal.gov.sk.ca/Administration/capital-works-plan/

Financial StatementsThis link provides information and a sample form that can be used by municipalities to complete financial statements information that is compliant with the rules set out by the Public Sector Accounting Board (PSAB). http://www.municipal.gov.sk.ca/Administration/financial-statements/

Monthly Forecasting and Variance ReportingThis link provides a spreadsheet that can be used for monthly revenue and expenditure forecasting, and budget to actual variance reporting. http://www.municipal.gov.sk.ca/Administration/MonthlyForecastingVarianceReporting

Saskatchewan Municipal Audit GuidelinesThis link provides an explanation of a municipal council and administrator’s roles and responsibilities related to the conduct of municipal audits.http://www.municipal.gov.sk.ca/Administration/Financial-Statements/Audit-Guidelines

Page 3: Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management . This link provides information to assist municipal stakeholders improve their knowledge

Municipal Government Sustainability Self-Assessment Tool

Saskatchewan Ministry of Government Relations www.municipal.gov.sk.ca

Finance and Financial Management

Finance and Financial Management Good financial management is one of the cornerstones of the success and continuity of any municipality. It ensures financial resources are properly managed and funds are spent in accordance with the stated priorities and mission of the municipality. This category of sustainability reflects on whether the municipality is following principles of fiscal responsibility, performing ongoing monitoring of its financial health and risks, and following best practices in accounting, budgeting, and the preparation and presentation of financial statements. According to the municipal Acts, municipalities are to provide wise stewardship of public assets.

Financial Reporting - cont. Saskatchewan Municipal Asset Management This link provides information to assist municipal stakeholders improve their knowledge and abilities in municipal asset management and become compliant with the Public Sector Accounting Board’s PS3150 Tangible Capital Assets reporting requirements. http://assetmanagementsk.ca/tca

Finances - Frequently Asked QuestionsThis link provides answers to frequently asked questions related to recording reserves, GST and approval of long term borrowing. http://www.municipal.gov.sk.ca/FAQs-Finances

Public Sector Accounting Board (PSAB) This link provides information about the Public Sector Accounting Board.http://www.psab-ccsp.ca/

OtherSaskatchewan Municipal Board (SMB)This link provides information about the SMB which ensures financial credibility for cities, towns, villages, northern and rural municipalities, and school divisions. http://www.smb.gov.sk.ca/

Municipal Water and Sewer CostsThis link provides survey results of residential water and sewer costs of Saskatchewan municipalities.http://www.municipal.gov.sk.ca/Growth-Development/Utilities/Water-Sewer-Costs

Municipal Risk ManagementThis link provides information about municipal risk management theory and application, as well as a risk management checklist, from Nova Scotia’s Local Government Resource Handbook.http://www.gov.ns.ca/snsmr/muns/manuals/PDF/LGRH/LocalGovernmentResourceHandbook_6.3.pdf

Seven Steps of Strategic Planning: An OverviewThis link provides an overview of the steps required to prepare a municipal strategic plan.http://www.municipal.gov.sk.ca/Administration/Guides/seven-steps-strategic-planning

Page 4: Municipal Government Finance and Financial Management...Saskatchewan Municipal Asset Management . This link provides information to assist municipal stakeholders improve their knowledge

Municipal Government Sustainability Self-Assessment Tool

Saskatchewan Ministry of Government Relations www.municipal.gov.sk.ca

Contact Us If you have questions about the Municipal Government Sustainability Self-Assessment Tool or related resource materials please email [email protected] or contact Advisory Services by phone at (306) 787-2680 or by mail at 1010 – 1855 Victoria Avenue, Regina, Saskatchewan, S4P 3T2.

Finance and Financial Management

Finance and Financial Management Good financial management is one of the cornerstones of the success and continuity of any municipality. It ensures financial resources are properly managed and funds are spent in accordance with the stated priorities and mission of the municipality. This category of sustainability reflects on whether the municipality is following principles of fiscal responsibility, performing ongoing monitoring of its financial health and risks, and following best practices in accounting, budgeting, and the preparation and presentation of financial statements. According to the municipal Acts, municipalities are to provide wise stewardship of public assets.

Other - cont.Books on Municipal Strategic PlanningThese links provide two books that can be purchased related to municipal strategic planning:Strategic Planning for Municipalities: A Users’ Guidehttp://www.municipalworld.com/index.php/BookShop/StrategicPlanningRoadmap to Success: Implementing the Strategic Planhttp://www.municipalworld.com/index.php/BookShop/RoadmapToSuccess