Overview
The tangible capital asset (TCA) accounting standard impacts all Canadian municipalities. Implementation of the standard will be one of the most challenging efforts that many local governments will face as municipalities will now be required to inventory, track and report on the value of their capital assets.
This change is effective for the 2009 fiscal year however if this date is to be achieved municipalities should begin project planning work immediately. The information and resources provided here will improve the potential for successful implementation of the new accounting standard. We hope this information will be useful. Please contact us with any comments or suggestions for the website.
The Tangible Capital Asset Project Toolkit is the result of a collaborative effort involving many stakeholders that are impacted by this important change. Members of the Government Finance Officers Association, Alberta Chapter, have volunteered many hours of their time and expertise in the development of the recommended guidelines and other project materials. Appreciation is expressed to the TCA Liaison Committee which includes representatives from the Alberta Urban Municipalities Association, the Alberta Association of Municipal Districts & Counties, the Alberta Association of Rural Municipal Administrators, the Local Government Administration Association, and the Government Finance Officers Association. Harold Johnsrude of HJC Consulting has been instrumental in guiding the toolkit research and development.
