Our Corporate Finance Department has received the Canadian Award for Financial Reporting for a third consecutive year from the Government Finance Officers Association.
An impartial review committee determined our 2019 Annual Financial Report was designed in a way that clearly communicates our financial story and motivates people to read the report.
“Our Annual Financial Report highlights improvements we’re making to our services, investments in our infrastructure, and explains our financial position,” said Catherine Kloepfer, the City’s Chief Financial Officer.
According to Association, the award was established to encourage municipal governments throughout Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports.
In order to be awarded a Canadian Award for Financial Reporting, we must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards. The reports should go beyond the minimum requirements of generally accepted accounting principles and demonstrate an effort to clearly communicate the municipal government’s financial picture, enhance an understanding of financial reporting by municipal governments, and address user needs.
Based in Chicago, Illinois, the Association represents public finance officials throughout Canada and the United States. It has more than 20,000 members from all levels of government.