Monday, April 25, 2016

2015 SOFI Reports - Cariboo RD/Quesnel

As per Section 2(3) of the Financial Information Act - local governments (Municipal Council/Regional Board) in BC are required to approve/send to the Ministry of Community, Sport and Cultural Development by June 30th their Statement of Financial Information or SOFI Reports.  The SOFI Report includes details on elected official remuneration/expenses, financial statements, details around staff salaries over $75,000

Thus far - the Cariboo Regional District (CRD) Board of Directors' has approved their 2015 SOFI Report at their meeting last Friday (read here).  Please note -- CRD Staff salary information over $75,000 is public information (no formal FOI Request required) but is not part of the standard CRD SOFI Report, unlike the Districts of Wells/100 Mile House and the Cities of Quesnel/Williams Lake's SOFI Reports.

If you wish to see the CRD Staff salary information over $75,000, please contact the CRD's Chief Financial Officer Scott Reid, via email (click here)

The City of Quesnel Council will consider their 2015 SOFI Report at their regular meeting on Tuesday (read here)

The City of Williams Lake, the Districts of Wells/100 Mile House Municipal Councils' will consider/approve their 2015 SOFI Reports in the next 60 days 

School Districts #27/28 (Cariboo-Chilcotin/Quesnel) will consider their 2015 SOFI Reports by December 2016 as their financial calendars are different than local government (School Districts run on a July - June financial calendar while local government operate on the January - December financial calendar)

SOFI Reports are required 6 months following end of the financial year of the local government or board of education

The long term debt position of the 4 Member Municipalities (Wells, Quesnel, Williams Lake and 100 Mile House) of the Cariboo Regional District can be viewed here while the long term debt position of the Cariboo Regional District can be viewed here.

Finally, congrats to the District of Wells Council who will make their final payment on their long term debt and become debt free by December 1st, 2016

~SF

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