ARCS, Financial Management

Section 4 of ARCS covers records relating to financial management responsibilities of B.C. government ministries and agencies under the authority of the Financial Administration Act (RSBC 1996, c. 138), Budget Transparency and Accountability Act (SBC 2000, c. 23), Balanced Budget and Ministerial Accountability Act (SBC 2001. c. 28), and Financial Information Act (RSBC 1996, c. 140), and in compliance with Treasury Board and Office of the Comptroller General policies, standards, and directives. This includes records relating to: the management of financial accounts, including accounts payable and receivable, budget development and control, cost-sharing arrangements and claims, procurement and contract management, grant and other transfer payment accounting, revenue and expenditure control, audits and compliance reviews, financial reporting and analysis, tax reporting, and Treasury Board submissions.

For asset purchasing, capitalization, and disposal, see Section 2, Buildings and Properties and Section 3, Equipment and Supplies.

NOTE: Office of the Comptroller-General authorizes the removal of credit card data from financial records in accordance with established policy and PCI (Payment Card industry) requirements. Read the memorandum (PDF).

Primary Numbers 900 - 1299