Guidance on financial reporting and accountability for the Territories Development Fund, Local Investment Fund and Local Solidarity Fund

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The Act mainly to implement certain provisions of the Budget Speech of 4 June 2014 and return to a balanced budget in 2015-2016, assented to on April 21, 2015, gives Regional County Municipalities (RCMs) complete jurisdiction over local and regional development, including entrepreneurship assistance. 

To assist RCMs (and cities with the jurisdiction of an RCM) in applying the legislative amendments, the Ministère des Affaires municipales et de l’Occupation du territoire (MAMOT) has posted a guidance on its website. The document includes guidelines on the accounting for activities related to the Territories Development Fund (FDT), Local Investment Fund (FLI) and Local Solidarity Fund (FLS), financial statement presentation for fund assets and operating results, and the accounting for eligible expenses committed and incurred related to FDT amounts received.

The Order’s Working group on municipal governments invites RCM auditors and other stakeholders to read the guidance.

Consult the MAMOT’s guidance (in French only) [+]

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