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August 4, 2022

Under Section 294 (1) of the Municipal Act, 2001 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. 2006, c. 32, Sched. A, s. 123.

More specifically, Section 296 (1) states that a municipality shall appoint an auditor licensed under the Public Accounting Act, 2004 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; and performing duties required by the municipality or local board.

The Consolidated Financial Statements have been prepared in accordance with Public Sector Accounting Standards. The Consolidated Financial Statements include the Madoc Public Library Board as well.

Council received and approved the 2021 Consolidated Audited Financial Statements on July 20, 2022 at the Regular Council Meeting.

A copy of the 2021 Consolidated Audited Financial Statements and previous year Statements can be found under Documents and Forms.

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Madoc's 115th Annual Agriculture Fair

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Sale of Land By Public Tender - Tax Sale

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In Recognition: Terry Fox

September 20th, 2022

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Important Notice

September 22nd, 2022

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