PSAB GAAP for Manitoba Municipalities

PUBLIC SECTOR ACCOUNTING BOARD (PSAB) GENERALLY ACCEPTING ACCOUNTING PRACTICES (GAAP) FOR MANITOBA MUNICIPALITIES

Background

The Canadian institute of Chartered Accountants (CICA) through the Public Sector Accounting Board (PSAB) sets the standards for government accounting and financial reporting. Beginning on January 1, 2009, the CICA is requiring that all governments in Canada, including local governments, adopt PSAB generally accepted accounting practices (PASB GAAP).

The Association of Manitoba Municipalities (AMM) and the Department of Manitoba Local Government have undertaken a joint venture to help municipalities adopt PSAB GAAP.

To oversee implementation of the plan, a Steering Committee has been formed comprised of representatives of the AMM, The Manitoba Municipal Administrators Association (MMAA), and Manitoba Local Government. The Committee will provide leadership and direction to the project, working to ensure that timeframes are met, and that municipal issues are addressed and resolved.

The project team, resourced by both the AMM and Manitoba Local Government, will develop and provide a practical set of reference materials, in conjunction with training, advice and one-on-one assistance, to help Chief Administrative Officers and municipal finance staff to address the technical issues created by the move to PSAB GAAP.

Resources for Municipalities

The following links provide information on PSAB GAAP for Chief Administrative Officers and administrative staff:

Sample Financial Statements

• Town of Belle Plaine (Microsoft Excel format, 306KB)

Manuals

• Tangible Capital Assets: Reference Manual (PDF format, 213KB)
• Municipal Reporting Entity and Consolidations: Reference Manual (PDF format, 156KB)
• Obligations, Environmental Liabilities and Landfills: Reference Manual (PDF format, 162KB)
• Financial Statement Presentation and Disclosure: Reference Manual (PDF format, 1MB)

Templates and Worksheets

• Financial Statement Template - December 31, 2011 (Microsoft Excel format, 562KB)
• Financial Statement Template - December 31, 2010 (Microsoft Excel format, 558KB)
• General Operating Fund - Schedule of Expenses (Microsoft Excel format, 36KB)
• TCA Continuity Schedule - 2011 to 2012 (Microsoft Excel format, 1.2MB)
• TCA Continuity Schedule - 2010 to 2011 (Microsoft Excel format, 1.2MB)
• TCA Continuity Schedule - Town of Sampleford - 2010 to 2011 (Microsoft Excel format, 961KB)
• TCA Continuity Schedule - Town of Sampleford - December 31, 2009 (Microsoft Excel format, 743KB)
• Tangible Capital Asset Continuity Schedule Worksheet Template (Microsoft Excel format, 712KB)
• Entity Worksheet Template (Microsoft Excel format, 46KB)
• Consolidation Worksheet Template (Microsoft Excel format, 63KB)
• Discounted Future Cash Flows Worksheet (Microsoft Excel format, 29KB)
• Environmental Liabilities Checklist for Municipalities (Microsoft Excel format, 52KB)
• Financial Statement Template - December 31, 2009 (Microsoft Excel format, 371KB)

Additional information is available from the AMM at:

• Association of Manitoba Municipalities PSAB GAAP Information for Municipalities