3.5 With respect to your most recent _____% annual financial statements, what percentage of annual municipal expenditures is spent on servicing municipal debt (principal and interest)? 3.6 Does the council monitor the Y N actual vs. budgeted municipality’s municipal revenues and expenditures on a minimum of a quarterly basis? 3.7 Has your municipality reported an Y N accumulated deficit, net of equity in tangible capital assets, for the past three fiscal (calendar) years? * 3.8 Does your municipality have less than Y N a 1:1 ratio of current assets to current liabilities? * 3.9 Has your municipality received a Y N of “qualified audit opinion”, “denial or an with opinion” “adverse opinion” respect to your most recent annual financial statements? * Debt 3.10 Is your municipality operating within Y N the regulated debt limits? ** 3.11 Does your municipality have Y N outstanding short-term debt (e.g., lines of credit, overdraft) at the end of the year? 3.12 Does your municipality experience Y N cash flow issues that require you to access short-term loans on a regular basis throughout the year? 3.13 Has your municipality reached 80% of Y N its debt or debt service limit? *
3.5 With respect to your most recent annual financial statements, what percentage of annual municipal expenditures is spent on servicing municipal debt (principal and interest)? _____% 3.6 Does the council monitor the municipality’s actual vs. budgeted municipal revenues and expenditures on a minimum of a quarterly basis? Y N 3.7 Has your municipality reported an accumulated deficit, net of equity in tangible capital assets, for the past three fiscal (calendar) years? * Y N 3.8 Does your municipality have less than a 1:1 ratio of current assets to current liabilities? * Y N 3.9 Has your municipality received a “qualified audit opinion”, “denial of opinion” or an “adverse opinion” with respect to your most recent annual financial statements? * Y N Debt 3.10 Is your municipality operating within the regulated debt limits? ** Y N 3.11 Does your municipality have outstanding short-term debt (e.g., lines of credit, overdraft) at the end of the year? Y N 3.12 Does your municipality experience cash flow issues that require you to access short-term loans on a regular basis throughout the year? Y N 3.13 Has your municipality reached 80% of its debt or debt service limit? * Y N
Sustainability_Self_Assessment_Questionnaire.docx