Survey

The Ministry of Municipal Affairs and Housing (MMAH) is updating the 2023 Financial Information Return (FIR) to reflect recent Public Sector Accounting Standard changes, among other changes.  
 
The Ministry is inviting interested parties to provide feedback on the proposed changes by April 30, 2023, by completing this survey or by sending comments to FIR.MAH@ontario.ca. 
 
The draft 2023 FIR template and accompanying material can be found here (the FIR website).
 
Please note: The draft 2023 FIR template should not be considered final. Additional amendments may be made to the template following the feedback period. 

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* 1. Which of the following FIR stakeholder groups do you belong to?

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* 2. How do you engage with the FIR?

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* 3. The proposed changes to the 2023 FIR relating to the Financial Instruments (FI) suite of Public Sector Accounting Standard (PSAS) changes include the following:
  • Introducing new Schedule 71 Statement of Re-measurement Gains (Losses)
  • Separating results from operations from re-measurement gains (losses) on Schedule 10 Statement of Operations 
  • Reflecting FI transactions on Schedule 53 Statement of Change in Net Financial Assets (Debt)
  • Adding financial instruments to Schedule 70 Statement of Financial Position
Do the proposed changes adequately capture the new/revised standards?

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* 4. The proposed changes to the 2023 FIR relating to the new Asset Retirement Obligation (ARO) Public Sector Accounting Standard include the following:
  • Introducing new Schedule 74E New Statement of ARO Liability
  • Adding a column to capture asset retirement costs in Schedule 51 Schedule of Tangible Capital Assets
  • Reflecting ARO transactions in Schedule 53 Statement of Change in Net Financial Assets (Net Debt)
  • Reflecting ARO transactions in Schedule 54 Statement of Cash Flow
  • Adding ARO liabilities to and removing landfill post closure cost liabilities from Schedule 70 Statement of Financial Position
Do the proposed changes adequately capture the new ARO standard?

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* 5. Please let us know your thoughts on proposed non-PSAB related improvements, including the following:
  • Streamlining Schedule 51 (combining three TCA schedules into one)
  • Adding "Prior Period Adjustment" line on Schedule 54
  • Changing how we group investments under "Financial Assets" section on Schedule 70
  • Adding "Intangible Assets" line under "Non-Financial Assets" on Schedule 70

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* 6. Are there any other suggested changes (either PSAB-related changes or non-PSAB- related improvements) that the Ministry should consider for the 2023 FIR or future FIRs?

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* 7. Can the Ministry follow up, if needed, to better understand your feedback? If so, please provide your contact information.

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