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2004 News Releases

City recognized for its budget presentation

WINNIPEG - November 24, 2004 - The City of Winnipeg has received the highest form of recognition in North America for governmental budgeting.

The Government Finance Officers Association, a Chicago-based association of 14,000 government finance professionals, recently presented the City with its Distinguished Budget Presentation Award for the City's 2004 budget documentation, which includes both operating and capital budgets.

The award recognizes the City's commitment to meeting the highest principles of governmental budgeting and to its proficiency in having a budget that serves as a policy document, financial plan, operations guide and communications device.

"While the award was presented to Corporate Finance, it reflects on all departments which contributed to the budgeting process and on Council, which approved the budget, its presentation and process," City of Winnipeg CFO Bob Gannon said today.

"The City is one of only a very few municipalities in North America that prepares a three-year operating budget and a capital budget with a five-year forecast."

Coun. Bill Clement, chair of the Standing Committee on Fiscal Issues, said the award is a wonderful achievement.

"It certainly suggests that the policies and initiatives we've undertaken have resulted in a strong fiscal position and a better credit rating."

Stephen Gauthier, director of the GFOA's Technical Services Centre, said award recipients have "pioneered" efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

August 21, 2018