Annual Reports

Financial Statements

The Municipal Act requires that a municipality shall, for each fiscal year, prepare annual financial statements for the municipality in accordance with generally accepted accounting principles for local governments as recommended, from time to time, by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. Furthermore, the act requires a municipality to appoint an auditor who is responsible for “annually auditing the accounts and transactions of the municipality and its local boards and expressing an opinion on the financial statements of these bodies based on the audit.”  For a common language guide to municipal financial statements, click here.

Listed below are the Town of Innisfil’s audited financial statements.

Public Sector Salary Disclosure

The Public Sector Salary Disclosure Act, 1996 (the act) makes Ontario’s public sector more open and accountable to taxpayers. The act requires organizations that receive public funding from the Province of Ontario to disclose annually the names, positions, salaries and total taxable benefits of employees paid $100,000 or more in a calendar year.

Listed below are the Town of Innisfil’s Public Sector Salary Disclosure reports.

Energy Consumption & Greenhouse Gas Emissions

As part of the Green Energy Act, Public Agencies are required to post their annual energy reports on their website.  Hard copies are available by contacting the municipality.

Development Charges – Annual Treasurer Reports

Section 43.(1) of the Development Charges Act, 1997 requires that the Treasurer of a municipality shall in each year on or before such date as the Council of the municipality may direct, give the Council a financial statement relating to development charge by-laws and reserve funds established under the Act. The purpose of this report is to present Council with the required Statement of Development Charges and associated Reserve Funds for the previous fiscal year.