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District of Coldstream Wins Award for Financial Reporting

February 06, 2014 - 11:28 AM

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Canadian Award for Financial Reporting to the District of Coldstream for its 2012 Annual Report. This is the third consecutive year the District has won the prestigious award and represents a significant accomplishment by the District and its management.

The Canadian Award for Financial Reporting program 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. Submissions are judged by impartial members of the GFOA's Canadian Review Committee on their ability to meet the high standards of the program, and demonstrate a constructive "spirit of full disclosure" to clearly communicate a municipality's financial story. Such 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.

The GFOA is a non-profit professional association that serves government finance professionals in the United States and Canada with offices in Chicago, Illinois, and Washington, D.C. The association is dedicated to enhancing and promoting the professional management of governments for the public benefit by identifying and developing financial policies and practices and promoting them through education, training and leadership.

The District’s 2012 Annual Report can be found online.

News from © InfoTel News Ltd, 2014
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