Annual Reporting to Service Manager (H-05-14)

Change in reporting procedures for Annual Reporting to the Service Manager

Date: September 27, 2005

The policies and procedures in this Directive are to be implemented by housing providers funded by the Municipality under the following programs:

• Public Housing Program
• Non-Profit Program
• Co-op Program
• Federal Program
• Aboriginal Program

Background

As required under the Social Housing Reform Act, (2000) section 113 (2) and related regulation O. Reg. 339/01, housing providers submit an annual report package to their respective service managers.  The annual report package is comprised of the following:

1. Audited financial statements for the fiscal year.
2. Annual Information Return (AIR).
3. Auditor’s Derivative Report
4. Auditor’s Report on Financial Information contained in the AIR.

The Auditor’s Derivative Report and the Auditor’s Report on Financial Information contained in the AIR have been replaced by a new report with its associated appendix, effective immediately.  This new report is “Accountant’s Report on Applying Specified Auditing Procedures in Respect of the Annual Information Return” (Accountant’s Report).  A copy of this Accountant’s Report is attached.

This change is a result of the Canadian Institute of Chartered Accountants’ guideline August 13, “Special Reports on Regulated Financial Institutions”, which limits the applicability of derivative reporting to regulated financial institutions.  The derivative reporting format is therefore not appropriate in the context of an Annual Information Return by social housing providers.

Action to be taken

Non-profit and co-operative providers will use the Accountant’s Report in preparing their annual report package to the service manager.

Attachments

• Template for Accountant’s Report
• Accountant’s Report – Appendix A

Reference

• SHB Notification – Release 05-02

Greg Grange
Manager, Social Housing Division

The following individuals have received a copy of this Directive:

• Lance Thurston, Commissioner, Department of Community Services
• Susan Beckel / Marian VanBruinessen, County of Frontenac
• Supervisors, Housing Division
• Alan McLeod, Legal Services

If you have any questions, please contact a Housing Programs Administrator, Housing and Social Services Department.