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. Ministry of Municipal Affairs OntarioFinancial Statement Auditors Report Candidate Form 4 Municipal Elections Act 7996 (Section 88.25) Instructions All candidates must complete Boxes A and B. Candidates
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A financial statement for a municipality is a document that provides information on the financial position, performance, and cash flows of the local government.
Municipalities are typically required by law to file financial statements to provide transparency and accountability to the public.
Financial statements for municipalities are usually filled out by accounting professionals or financial officers within the local government.
The purpose of a financial statement for a municipality is to provide information to stakeholders such as taxpayers, residents, and government officials about the financial health and activities of the local government.
Information that must be reported on a financial statement for a municipality includes revenues, expenses, assets, liabilities, and fund balances.
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