Public Sector Financial Statements

WHEREAS the Public Sector Accounting Board is proposing changes to the financial statements that incorporate inter-period equity, an accounting framework which would address challenges faced by non-government public organizations but provides no useful value to local governments; AND WHEREAS the proposed changes run contrary to providing clear and transparent government in a form that can be readily understood by the public we serve, would be confusing for users and elected municipal officials, and would result in an enormous administrative burden for local governments and First Nations communities: THEREFORE BE IT RESOLVED that UBCM work with the Public Sector Accounting Board to ensure the framework for municipal financial reporting addresses the concerns of local governments and is meaningful to the public interest we represent.