Financial report earns top honours
April 15, 2014 / For Immediate Release
AIRDRIE, ALBERTA – For the sixth consecutive year, the City of Airdrie has received the Canadian Award for Financial Reporting from the Government Finance Officers Association of Canada and the United States (GFOA).
The award, in recognition of the City of Airdrie’s 2012 Annual Report, is given to an organization meeting high standards that include demonstrating the ‘spirit of full disclosure’ and clearly communicating a municipality’s financial story.
“It’s very rewarding to once again be recognized by this organization,” said Lucy Wiwcharuk, Director of Corporate Services. “Financial Services is very proud to have received this recognition from GFOA. Each year the bar is set a little higher. This continued achievement gives assurance that we are as transparent as possible and are adhering to best practices.”
To be awarded a Canadian Award for Financial Reporting, a government unit must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards. Such reports go beyond the minimum reporting requirements of generally accepted accounting principles.
“I’m very proud of the Financial Services team,” says Mayor Peter Brown. “The City of Airdrie is regarded throughout Alberta as a leader in financial reporting, transparency and fiscal responsibility. Earning this award year after year shows how truly committed City employees are to communicating with our taxpayers.”
The City of Airdrie 2012 Annual Report is available online at www.airdrie.ca.
The GFOA is a non-profit professional association whose purpose is to enhance and promote the professional management of governments for the public benefit of identifying and developing financial policies and best practices and promoting their use through education, training, facilitation of member networking and leadership.
Director, Corporate Services
City of Airdrie
403.948.8800 ext. 8459