Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
Overview
Governance
Funding
Other Issues
Page 1 of 6
Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
Organization:
OCG Contact:
Date:
Legislation/By-Laws:
Summary of Evaluation
Criteria Applies
Yes/No
Section 1 - BTAA criteria
(A) Part of the Consolidated Revenue Fund.
(B ) A government corporation per the FAA definition (other than those solely by reason of being
under an act agents of the government).
(C ) An education and health sector organization.
(D) Included or excluded by section 24(2)(d) regulation.
Notes Section 2 – PS 1300 criteria: more persuasive evidence of Control
(A) Government has the power to unilaterally appoint or remove a majority of the members of the
governing body of the organization.
(B ) Government has ongoing access to the assets of the organization, has the ability to direct the
ongoing use of those assets, or has ongoing responsibility for losses.
(C ) Government holds the majority of the voting shares or a "golden share" that confers the power
to govern the financial and operating policies of the organization.
(D) Government has the unilateral power to dissolve the organization and thereby access its
assets or becomes responsible for its losses.
Section 3 – PS 1300 criteria: other indicators of Control - Where the government has the power to:
(A) provide significant input into the appointments to members of the governing body of the
organization by appointing a majority of those members from a list of nominees provided by
others or being otherwise involved in the appointment or removal of a significant number of
members of the Board.
(B) appoint or remove the CEO or other key personnel.
(C) establish or amend the mission or mandate of the organisation.
Page 2 of 6
Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
(D) approve business plans or budgets for the organization and call for amendments, either on a
net or line-by-line basis.
(E) establish borrowing or investment limits or restrict the organization's investments.
(F) restrict the revenue-generating capacity of the organization, notably the sources of revenue.
(G) establish or amend the policies that the organization uses to manage, such as those relating
to accounting, personnel, compensation, collective bargaining or deployment of resources.
Conclusion: is the organization controlled by government?
Yes/No
Notes -
Section 4 - Summary of Evaluation for Government Business Enterprises
(PS 1300)
Criteria Applies
Yes/No
Required Characteristics of a Government Business Enterprise
(A) It is a separate legal entity with the power to contract in its own name and that can sue and be
sued
(B ) It has been delegated the financial and operational authority to carry on a business
(C ) It sells goods and services to individuals and organizations outside of the government
reporting entity as its principal activity; and
(D) It can, in the normal course of its operations, maintain its operations and meet its liabilities
from revenues received from sources outside of the government reporting entity.
Conclusion (Must meet all four characteristics to qualify as a GBE):
Notes -
Section 5 - Summary of Evaluation for Government Partnerships and
Government Business Partnerships (PS 3060)
Criteria Applies
Yes/No
(A) Meets the definition of a Government Partnership under PS 3060.06.
(B ) Meets the definition of a Government Business Partnership under PS 3060.06 and PS
3060.07.
Conclusion:
Notes -
Page 3 of 6
Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
Section 6 - Summary of Evaluation for Trusts Under Administration (PS
1300)
Criteria Applies
Yes/No
(A) Meets the definition of a trust under PS 1300 and should be excluded from the government
reporting entity (may require note disclosure).
Conclusion:
Notes -
SECTION 1 – BTAA CRITERIA
A. PART OF THE CONSOLIDATED REVENUE FUND.
B. A GOVERNMENT CORPORATION PER THE FAA DEFINITION (OTHER THAN THOSE SOLELY
BY REASON OF BEING UNDER AN ACT AGENTS OF THE GOVERNMENT).
C. AN EDUCATION AND HEALTH SECTOR ORGANIZATION.
D. INCLUDED OR EXCLUDED BY 24(2)(d) REGULATION.
SECTION 2 – PS 1300 CRITERIA: MORE PERSUASIVE EVIDENCE OF CONTROL
A.
GOVERNMENT HAS THE POWER TO UNILATERALLY APPOINT OR REMOVE A MAJORITY
OF THE MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION.
B.
GOVERNMENT HAS ONGOING ACCESS TO THE ASSETS OF THE ORGANIZATION, HAS
THE ABILITY TO DIRECT THE ONGOING USE OF THOSE ASSETS, OR HAS ONGOING
RESPONSIBILITY FOR LOSSES.
Page 4 of 6
Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
C.
GOVERNMENT HOLDS THE MAJORITY OF THE VOTING SHARES OR A "GOLDEN
SHARE" THAT CONFERS THE POWER TO GOVERN THE FINANCIAL AND OPERATING
POLICIES OF THE ORGANISATION.
D.
GOVERNMENT HAS THE UNILATERAL POWER TO DISSOLVE THE ORGANIZATION AND
THEREBY ACCESS ITS ASSETS OR BECOMES RESPONSIBLE FOR ITS OBLIGATIONS.
SECTION 3 – PS 1300 CRITERIA: OTHER INDICATORS OF CONTROL
A.
WHERE THE GOVERNMENT HAS THE POWER TO PROVIDE SIGNIFICANT INPUT INTO
THE APPOINTMENTS TO MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION
BY APPOINTING A MAJORITY OF THOSE MEMBERS FROM A LIST OF NOMINEES
PROVIDED BY OTHERS OR BEING OTHERWISE INVOLVED IN THE APPOINTMENT OR
REMOVAL OF A SIGNIFICANT NUMBER OF MEMBERS OF THE BOARD.
B.
WHERE THE GOVERNMENT HAS THE POWER TO APPOINT OR REMOVE THE CEO OR
OTHER KEY PERSONNEL.
C.
WHERE THE GOVERNMENT HAS THE POWER TO ESTABLISH OR AMEND THE MISSION
OR MANDATE OF THE ORGANISATION.
D.
WHERE THE GOVERNMENT HAS THE POWER TO APPROVE BUSINESS PLANS OR
BUDGETS FOR THE ORGANIZATION AND CALL FOR AMENDMENTS, EITHER ON A NET
OR LINE-BY-LINE BASIS.
E.
WHERE THE GOVERNMENT HAS THE POWER TO ESTABLISH BORROWING OR
INVESTMENT LIMITS OR RESTRICT THE ORGANIZATION'S INVESTMENTS.
F.
WHERE THE GOVERNMENT HAS THE POWER TO RESTRICT THE REVENUEGENERATING CAPACITY OF THE ORGANIZATION, NOTABLY THE SOURCES OF
REVENUE.
G.
WHERE THE GOVERNMENT HAS THE POWER TO ESTABLISH OR AMEND THE POLICIES
THAT THE ORGANIZATION USES TO MANAGE, SUCH AS THOSE RELATING TO
ACCOUNTING, PERSONNEL, COMPENSATION, COLLECTIVE BARGAINING OR
DEPLOYMENT OF RESOURCES.
Page 5 of 6
Ministry of Finance - OCG
Government Reporting Entity – PS 1300
Preliminary Evaluation
Organization’s Name
SECTION 4 – CHARACTERISTICS OF A GOVERNMENT BUSINESS ENTERPRISE (PS
1300)
A.
WHERE THE ORGANIZATION IS A SEPARATE LEGAL ENTITY WITH THE POWER TO
CONTRACT IN ITS OWN NAME AND THAT CAN SUE AND BE SUED.
B.
WHERE THE ORGANIZATION HAS BEEN DELEGATED THE FINACIAL AND OPERATIONAL
AUTHORITY TO CARRY ON A BUSINESS.
C.
WHERE THE ORGANIZATION SELLS GOODS AND SERVICES TO INDIVIDUALS AND
ORGANIZATIONS OUTSIDE OF THE GOVERNMENT REPORTING ENTITY AS ITS
PRINCIPAL ACTIVITY (INVOLVES A DIRECT RELATIONSHIP BETWEEN THE REVENUES
AND THE GOODS AND SERVICES PROVIDED AND NOT JUST THE RECOVERY OF
ADMINISTRATIVE COSTS); AND
D.
WHERE THE ORGANIZATION CAN, IN THE NORMAL COURSE OF ITS OPERATONS,
MAINTAIN ITS OPERATIONS AND MEET ITS LIABILITIES FROM REVENUES RECEIVED
FROM SOURCES OUTSIDE OF THE GOVERNMENT REPORTING ENTITY (REVENUES
INCLUDE NOT ONLY AMOUNTS FROM THE SALE OF GOODS AND SERVICES, BUT ALSO
TRANSFERS RECEIVED FROM OTHER GOVERNMENTS OR SOURCES OUTSIDE OF THE
GOVERNMENT REPORTING ENTITY).
SECTION 5 – GOVERNMENT PARTNERSHIPS AND GOVERNMENT BUSINESS
PARTNERSHIPS (PS 3060)
A.
MEETS THE DEFINITION OF A GOVERNMENT PARTNERSHIP UNDER PS 3060.06.
B.
MEETS THE DEFINITION OF A GOVERNMENT BUSINESS PARTNERSHIP UNDER PS
3060.06 AND PS 3060.07.
SECTION 6 – TRUSTS UNDER ADMINISTRATION (PS 1300)
A.
MEETS THE DEFINITION OF A TRUST UNDER PS 1300 AND SHOULD BE EXCLUDED
FROM THE GOVERNMENT REPORTING ENTITY (MAY REQUIRE NOTE DISCLOSURE).
Page 6 of 6