Financial Reporting

Audits, Review Engagements and Uncertified Final Cost Reports

The following financial statements must be submitted as part of the Alberta Production Grant (APG) Deliverables depending on the size of the final production budget:

1) For productions with Final Costs of $500,000 or more:

• An Audited Production Cost Statement prepared according to Canadian Generally Accepted Accounting Principles and audited according to Canadian Generally Accepted Auditing Standards.

The following must be included as a schedule or note to the Production Cost Statement:

a) A final, detailed breakdown of all Eligible Alberta Costs and all other expenses related to the Production.

Eligible Alberta Costs worksheet

b) A list of all Albertans in Key Creative Positions. The list must include, for each Key Creative Position, the name of the Albertan, the position occupied and the dollar amount paid. For trainee credits, see tips for Credit and Promotion Deliverables.

2) For productions with Final Costs equal to or less than $500,000 but more than $200,000:

• A Review Engagement on a Production Cost Statement prepared according to Canadian Generally Accepted Accounting Principles and reviewed according to Canadian Generally Accepted Auditing Standards applicable to a Review Engagement.

The following must be included as a schedule or note to the Production Cost Statement:

a) A final, detailed breakdown of all Eligible Alberta Costs and all other expenses related to the Production.

Eligible Alberta Costs worksheet

b) A list of all Albertans in Key Creative Positions. The list must include, for each Key Creative Position, the name of the Albertan, the position occupied and the dollar amount paid. For trainee credits, see Credit and Promotion Deliverables.

3) For productions with final costs less than $200,000:

• An uncertified Final Production Cost Report, supported by a Statutory Declaration Form

The following must be included as a schedule or note to the Production Cost Report:

a) A final, detailed breakdown of all Eligible Alberta Costs and all other expenses related to the Production.

Eligible Alberta Costs worksheet

b) A list of all Albertans in Key Creative Positions. The list must include, for each Key Creative Position, the name of the Albertan, the position occupied and the dollar amount paid. For trainee credits, see Credit and Promotion Deliverables.

NOTE: Stream II projects have the option of reporting against the Alberta final costs portion of the project only.