Acts and Regulations

2013, c.27 - Accountability and Continuous Improvement Act

Section 5
Disposition versions

Full text
Preparation of annual report
2022, c.29, s.6
5(1)Each Crown entity shall prepare an annual report on its preceding fiscal year.
5(2)An annual report for a Crown entity that is a department or a Category 1 Crown body shall include
(a) if the Crown entity is required to prepare an audited financial statement, the audited financial statement,
(b) a comparison of the actual results to the projected results set out in the business plan, and if there is a variance between the results for the fiscal year, an explanation of the variance,
(c) a statement indicating that the Minister of the Crown or the chair of the Crown entity, as the case may be, is accountable for the preparation of the annual report and for achieving the specific goals and objectives of the report, and
(d) any other information required by the responsible minister.
5(3)An annual report for a Crown entity that is a Category 2 Crown body shall include
(a) information relating to the activities undertaken by the Crown entity during the fiscal year in carrying out its mandate, and
(b) any other information required by the responsible minister.
5(4)An annual report shall be provided to the responsible minister or the chair of the Crown entity, as the case may be, who shall sign and approve the annual report.
2022, c.29, s.6
Annual report
5(1)A Crown entity shall each year prepare an annual report on its preceding fiscal year in the form approved by Executive Council, which form may be different for different Crown entities.
5(2)An annual report shall include
(a) the audited financial statement of the Crown entity, if the entity is required to prepare an audited financial statement,
(b) a comparison of the actual results to the projected results set out in the annual plan, and
(c) a statement indicating that the Minister of the Crown or the chair of the Crown entity, as the case may be, is accountable for the preparation of the annual report and for achieving the specific goals and objectives of the report.
5(3)If an annual report discloses a variance between the actual and projected results of the Crown entity for the fiscal year, the report shall provide an explanation of the variance.
5(4)An annual report shall be provided to the responsible minister or chair of the Crown entity and the responsible minister or chair of the Crown entity, as the case may be, shall sign and approve the annual report on or before a date fixed by Executive Council.
5(5)Following the approval of an annual report, the annual report shall be filed with the Clerk of the Legislative Assembly on or before a date prescribed by regulation.
5(6)Despite subsection (5), in the circumstances prescribed by regulation, an extension of the time to file an annual report may be granted by Executive Council for no more than six months.
5(7)Following the filing of an annual report, the annual report shall be made public by the responsible minister by publishing the report on the website of the responsible minister.
Annual report
5(1)A Crown entity shall each year prepare an annual report on its preceding fiscal year in the form approved by Executive Council, which form may be different for different Crown entities.
5(2)An annual report shall include
(a) the audited financial statement of the Crown entity, if the entity is required to prepare an audited financial statement,
(b) a comparison of the actual results to the projected results set out in the annual plan, and
(c) a statement indicating that the Minister of the Crown or the chair of the Crown entity, as the case may be, is accountable for the preparation of the annual report and for achieving the specific goals and objectives of the report.
5(3)If an annual report discloses a variance between the actual and projected results of the Crown entity for the fiscal year, the report shall provide an explanation of the variance.
5(4)An annual report shall be provided to the responsible minister or chair of the Crown entity and the responsible minister or chair of the Crown entity, as the case may be, shall sign and approve the annual report on or before a date fixed by Executive Council.
5(5)Following the approval of an annual report, the annual report shall be filed with the Clerk of the Legislative Assembly on or before a date prescribed by regulation.
5(6)Despite subsection (5), in the circumstances prescribed by regulation, an extension of the time to file an annual report may be granted by Executive Council for no more than six months.
5(7)Following the filing of an annual report, the annual report shall be made public by the responsible minister by publishing the report on the website of the responsible minister.