District of Coldstream Wins Award for Financial Reporting
Image Credit: Shutterstock
December 21, 2016 - 10:06 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 2015 Annual Report. This is the sixth 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.
FYI contains information submitted from the public and is displayed exactly as it was received. Information is clearly attributed in bylines and not created by iNFOnews.ca staff. For more information, please contact the referring organization. If you have questions about FYI, or would like to submit information to FYI, please send directly to firstname.lastname@example.org.
News from © InfoTel News Ltd, 2016