Performance Measure 16: Delivery date for annual Public Accounts

Objective:

Meet statutory reporting requirements and comply with GAAP in all material respects.

Rationale/context:

Timely release of financial reporting is critical for effective use of the information and helps instill public confidence in government's ability to manage its resources. The Budget Transparency and Accountability Act requires release of the Province's financial statements (Public Accounts) by August 31st, following each March 31st, fiscal year end. While the legislated date is August 31st, the anticipated release date is closer to June 30th.

Data Source(s):

Release of the Public Accounts.

Calculation(s):

N/A

Limitations of the data:

N/A

Verification of the data:

N/A

Baseline data 2004/05:

The Public Accounts were last delivered on June 29th.

Benchmarks:

Public Accounts release date in other jurisdictions.

Targets: