Government Reporting Entity - Post-secondary institutions

This information is required to include post-secondary institutions as part of the government reporting entity. It supports production of the Public Accounts, Budget and Fiscal Plan, Minister of Finance's Quarterly Report, Ministry Service Plan, and Ministry Service Plan Report. 

Fiscal Year (April 1, 2024 - March 31, 2025)

Quarter 1 (April 1 – June 30, 2024):

July 8, 2024

• 1st Quarter Forecast (2024/25 Forecast and 2025/26 – 2027/28 Projections)
• Q1 Forecast should be based on the Board Approved Budget that will be published in the Post-Secondary institution's current year Financial Statements

July 19, 2024

• 1st Quarter Appendix C (year to date information);
• Financial statements of related government business enterprises (GBE's); and
• Accounting adjustments that are made to consolidate the GBE into the institution's financial statements.

July 19, 2024

• Supplemental Financial Information Reporting (SFIR) (2023/24)

Quarter 2 (July 1 - September 30, 2024):

October 1, 2024

• Statement of Financial Information submission (2023/24)

October 1, 2024

• 2nd Quarter Forecast (2024/25 Forecast and 2025/26 – 2027/28 Projections)

October 16, 2024

• 2nd Quarter Appendix C (year to date information);
• Financial statements of related government business enterprises (GBE's); and
• Accounting adjustments that are made to consolidate the GBE into the institution's financial statements.

Quarter 3 (October 1 - December 31, 2024):

December 9, 2024

• 3rd Quarter Forecast (2024/25 Forecast and 2025/26 – 2027/28 Projections)

January 15, 2025

• 3rd Quarter Appendix C (year to date information);
• Financial statements of related government business enterprises (GBE's); and
• Accounting adjustments that are made to consolidate the GBE into the institution's financial statements.

Year-End (March 31, 2025): Reporting Deadlines

Quarter 4 (January 1 - March 31, 2025):

April 16, 2025 – Draft year-end 2024/25 reporting, including:

• Draft financial statements; 
• Draft notes to financial statements; 
• Appendix C (must match draft financial statements); 
• Financial statements of related government business enterprises (GBE’s); and 
• Accounting adjustments that are made to consolidate the GBE into the institution’s financial statements. 
• List of Related Parties
• Signed Related Party Disclosures (KMP):  Please note that separate disclosures are required for individuals noted on the List of Related Parties.

May 14, 2025 – Final year-end 2024/25 reporting, including:

• Audited financial statements; 
• Final notes to financial statements; 
• Appendix C (must match final financial statements); 
• Financial statements of related government business enterprises (GBE’s); and 
• Accounting adjustments that are made to consolidate the GBE into the institution’s financial statements. 
• Management Letter (Audit Findings Letter)

June 6, 2025 – Signed year-end 2024/25 reporting, including:

• Signed Audited financial statements; 
• Signed Management Representation Letter to the Office of the Comptroller General