Amendment to SOFI Reporting Legislation
Whereas the Financial Information Act requires the reporting of information including schedules of remuneration paid to employees in excess of a threshold of 75,000 through a report entitled Statement of Financial Information; And whereas it is agreed that the intent of the Statement of Financial Information to provide transparency and public accountability for spending is achieved through this legislation; And whereas the threshold was set in 2002 and has not been revisited despite increases in average weekly salaries in BC of 57, CPI increases totalling 29 and local governments contract