Municipal hall follows new accounting rules 

People reading the municipality's latest Annual Report may notice that it looks different from last year's report.

Among many things, the amount of money the municipality spent on wages, services and goods, debt and capital are no longer found within the consolidated statements at the beginning of the document.

These changes were done because of nation-wide amendments to municipal accounting practices, explained Lisa Landry, the Resort Municipality of Whistler's general manager of economic viability.

The group that sets the rules, the Public Sector Accounting Standards Board, has been moving closer to international standards, said Landry. Segmented reporting was one of the changes they required.

Landry said in 2008, the municipality spent about $23 million on wages, $23 million on goods and services, $1.6 million on interest and debt charges and $54 million on capital expenditures.

Comparatively, in 2007 about $21 million was spent on wages; $32 million on goods and services; $1 million on interest and debt charges; and $48 million on capital expenditures.

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