Effective January 1, 2016, the Broader Public Sector Accountability Act, 2010 (the “BPSAA”) will be amended to include new sections with respect to the publication of business plans by designated broader public sector organizations. The amendments will allow the Management Board of Cabinet to issue directives requiring designated broader public sector organizations to prepare and publish business plans and other specified business or financial documents.
Directives for Designated Broader Public Sector Organizations
Under the BPSAA, designated broader public sector organizations include school boards.
The directives may specify the form, content, timing and methods of publication of business plans and other documents. Every designated broader public sector organization to which the directives apply will have to comply with the directives.
Guidelines for Publicly Funded Organizations
The Management Board of Cabinet is also authorized to make guidelines with respect to the preparation and publication of business plans or financial documents by publicly funded organizations.
Under the BPSAA, publicly funded organizations include every authority, board, commission, committee, corporation, council, foundation or organization that received public funds from the Government of Ontario in the previous fiscal year.
No directives or guidelines have been issued at this time.